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What to Watch: Flash PMIs, BOC Policy Annc, Tsy 2Y FRN, 5Y Auctions

US TSYS
  • Tsys recovering from Tuesday's modest sell-off are back near early Monday's close (TYH4 currently +9 at 111-16, yield 4.0955%). Risk-on tone resumes as SPX Eminis climb to new contract highs (ESH4 4923.75) following strong gains in Asia/Europe overnight.
  • Speaking of stocks, several earnings announcements expected after the close: IBM, Seagate, Lam Research, Tesla, Raymond James and Crown Castle.
  • Today's data limited to flash January PMIs at 0945ET. Bank of Canada policy announcement also at 0945ET.
  • Main focus remains on Thursday's Q4 GDP estimate, followed by consumer spending and PCE deflators on Friday.
  • US Treasury auctions: $28B 2Y FRN and $60B 17W bill auctions at 1130ET followed by $61B 5Y Note auction (91282CJW2) at 1300ET.

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