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What to Watch

US TSYS
  • Tsys mildly higher at the moment, yield curves bull steepening (2s10s +4.685 at -43.455) with short end to intermediates looking to extend late overnight highs.
  • Jun'23 10Y futures at 123-09.5 (+3.5) vs. 123-10.5 high, 10Y yield at 3.2699% vs. 3.2662% low.
  • Focus on upcoming weekly claims at 0830ET (200k est vs 198k prior), Continuing Claims (1.700M est vs. 1.689M prio) and seasonal adjustment that could possibly inflate the figures spurring additional support in rates.
    Fed speak: StL Fed Bullard economic outlook, text and Q&A at 1000ET
    Treasury auctions at 1130ET: $60B 4W, $50B 8W bill auctions
  • Fed speak: StL Fed Bullard economic outlook, text and Q&A at 1000ET
  • Treasury auctions at 1130ET: $60B 4W, $50B 8W bill auctions

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