Free Trial

What to Watch: Fed Speak, S&P PMIs, ISM Services

US TSYS
  • Treasury futures trading mildly firmer after testing support overnight. Near the top end of the overnight range at the moment, Tsys followed Bunds lower after ECB Knot commented markets are underestimating a September rate hike.
  • Futures have since see-sawed off lows with several 5Y30Y steepener unwinds Blocked overnight, deal-tied rate-locks keeping support in check as backlog of corporate issuance to continue after nearly $40B priced Tuesday.
  • Scheduled Fed speakers on the day include Boston Fed Collins on policy, eco-outlook at 0830ET, Former StL Fed Bullard at a NABE conference/webinar will take audience questions at 0900ET. Dallas Fed Logan will attend a community listens event at 1500ET.
  • Data on tap: Trade Balance at 0830ET followed by S&P Global US Services and Composite PMIs at 0945ET. ISM Services data at 1000ET. Federal Reserve Beige Book released at 1400ET.

To read the full story

Close

Why MNI

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.