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What to Watch

US TSYS
  • Treasury yields climbing higher ahead the NY cash open, 30YY 4.6058% (+.0813) - highest since late June 2011, 10YY poised to overtake last Fri's 16Y high of 4.5064%. Weaker bonds helping Treasury curve steepening this morning (3M10Y +8.297 at -99.330, 2Y10Y +6.472 at -61.562).
  • Economic data limited to Chicago Fed Nat Activity at 0830ET, Dallas Fed Mfg. Activity at 1030ET.
  • Scheduled Fed speakers: Chicago Fed Goolsbee to appear on CNBC at 0830ET, MN Fed Kashkari moderated discussion at Wharton later this evening at 1800ET, livestreamed
  • Treasury supply resumes: $69B 13W, $62B 26W Bill auctions at 1130ET.
    Headline watching: any development on US government funding ahead potential shutdown on October 1.
  • Headline watching: any development on US government funding ahead potential shutdown on October 1.

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