Free Trial

What to Watch, Fed Speak Ahead Midnight Blackout, Curve Steepening

Bonds lead carry-over sell-off in Tsys again w/ new cycle high 10YY of 4.3268%, yield curves bear steepening w/ 2s10s climbing back over -30.000 briefly to -29.740 (Sep 28 levels when curve reversed from appr -23.702 high to -40.579 after the BoE paused Gilt sales intro'd buy-ops to calm markets in aftermath of the Sep 23 mini-budget).
  • With no economic data releases today, focus on Fed speakers ahead self-imposed policy blackout at midnight tonight.
  • NY Fed Williams open remarks at 0910ET, Chicago Fed Evans remarks, bank symposium at 0940ET, SF Fed Daly on economy at 1130ET. Likely more unscheduled speakers to pop up as the day progresses.
  • Markets watching European headlines: polling for new UK PM after Liz Truss exit Thu, ECB lean against this morning Expansion report from Money Market Contact Group.
  • Q3 equity earnings done for the week w/ Verizon (VZ) beat: $1.32 vs. $1.284 est, resume next week.

To read the full story



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.