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What to Watch: Employment Data

US TSYS
  • Cash Tsys weaker, fully reversing Wednesday's post-Dec FOMC minutes rally with futures back in range with two week lows (TYH4 currently -10 at 112-06.5 vs. 112-19 overnight high).
  • With the December FOMC minutes in the rear view, focus turns to the latest employment data from ADP at 0815ET, Weekly Claims at 0830ET and S&P Global US Services/Composite PMIs at 0945ET. Headline Non-Farm Payroll figures tomorrow at 0830ET.
  • US Government funding negotiations: No breakthrough as yet while Congress faces two shutdown deadlines in the coming weeks, the first on Jan. 19 and the second on Feb. 2.

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