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What to Watch: Any Which Way But SLOOS

US TSYS
  • Cash Treasuries adding to Friday's post employment data rally, recent highs (TYM4 109-01) still off Friday's initial knee-jerk bid that saw TYM hit 109-09.5 briefly.
  • Modest volumes this morning with Japan and UK closed for Spring holiday's, TYM4 just over 240k.
  • Quiet start to the week for data with the Fed releasing the latest Sr Loan Officer Opinion Survey on Bank Lending Practices at 1400ET. In the prior February survey, loan demand meanwhile also continued to decline on a sequential basis, but details were a little more mixed, ranging from similar declines to reasonable moderation.
  • Scheduled Fed speakers include: Richmond Fed Barkin economic outlook (text, Q&A) at 1250ET, NY Fed Williams fireside chat (no text, Q&A) at 1300ET.
  • US Treasury kicks off this week's supply with $70B each in 13W and 26W bills.

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