Free Trial

What to Watch: ADP Private Employ Data, Tsy Quarterly Refunding

US TSYS
  • Markets await upcoming ADP private employment data at 0815ET, with a gain of +190k jobs estimated vs. last month's surprise +497k gain (vs. +175k est at the time). This after Tue's JOLTS job opening figure came out less than estimated 9.6M at 9.582M with a down-revision of prior to 9.616M from 9.824M.
  • Main focus remains Friday's change in nonfarm payrolls, currently estimated at +200k for July vs. +209k in June.
  • Additional financing details relating to Treasury’s Quarterly Refunding will be released at 0830ET after Mon's marketable borrowing est of $1.007T (Jul-Sep).
  • Treasury auction at 1130ET: $46B 17W bill auction.
  • No scheduled Fed speakers Wednesday.

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.