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What to Watch: Data Flurry, Fed Williams Event Cancelled

US TSYS
  • Treasury yields continue to scale off the highest levels since 2007 tapped Thursday (10YY 4.6861%) - currently 4.5424% (-.0323). Treasury futures followed EGBs higher overnight following a decline in eurozone inflation data (Euro core HICP to 4.5% vs 4.8%).
  • Focus turns to flurry of late week US data: Personal Income/Spending, Advance Goods Trade Balance, Wholesale/Retail Inventories at 0830ET. MNI Chicago PMI at 0945ET followed by U. of Mich. Sentiment at 1000ET.
  • President Williams’s regional visit to Long Island has been canceled due to an urgent family matter. Please note that text of the remarks prepared for delivery on Friday, September 29 will be published on the New York Fed’s website at 12:45 p.m. EDT on September 29. LINK
  • Ongoing headline watching over a likely US Govt shutdown Sunday amid low confidence of bipartisan support for stopgap spending measure between now and then.

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