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What to Watch: Fed is BACK

US TSYS
Tsys weaker, extending lows into the NY open (30YY 3.5507% - inside range since December 6), thin holiday markets despite decent volumes (TYH3>330k).
  • Data limited to PMIs at 0945ET:
    • S&P Global US Composite PMI (46.4, 46.9)
    • S&P Global US Manufacturing PMI (47.7, 47.8)
    • S&P Global US Services PMI (46.2,46.5)
  • Fed speakers out of blackout, however:
    • NY Fed Williams, Bbg TV at 0830ET
    • SF Fed Daly, moderated discussion on inflation & economy at 1200ET
    • Fed Gov Bowman moderated discussion at 1300ET
    • Cleveland Fed Mester, Bbg TV at 1530ET

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