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What to Watch: Headline Employment Data for Dec

US TSYS
  • Tsys weaker, 10Y yield back over 4% to 4.0514% high, currently 4.0287% (+.0299) as futures bounce off lows ahead this morning's headline Dec employment data at the bottom of the hour.
  • Mar'24 10Y futures bounce to 111-24.5 (-7) vs. 111-18.5 low. Curves steeper at the moment, 3M10Y +3.114 at -137.149, 2Y10Y +1.723 at -37.064.
  • Factory Orders, Durables/Capital Goods and ISM data follows up at 1000ET.
  • Scheduled Fed speak: Richmond Fed Barkin, banker assn meeting at 1330ET, text, Q&A

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