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What to Watch: PPI, Weekly Claims, Fed Speak, Treasury Auctions

US TSYS
  • Treasury futures have reversed modest gains recently, extending lows ahead this morning's weekly claims and PPI data at 0830ET.
  • Jun'24 10Y currently -3 at 108-03.5, just above round number technical support that hasn't been crossed since early November. Next technical support at 107-26.5 (2.382 proj of Dec 27 - Jan 19 - Feb 1 price swing).
  • Scheduled Fed speakers: Fed Williams keynote remarks at a FHLBNY symposium (text, Q&A) 0845ET, Fed Barkin at a textiles council meeting, (Q&A), 1000ET, Fed Collins Economic Club of NY (text, Q&A) 1200ET, Fed Bostic moderated discussion financial services (no text, Q&A) 1330ET.
  • US Treasury supply wraps up the week with $70B 4W, $75B 8W bill auctions at 1130ET, $22B 30Y Bond auction re-open (912810TX6) at 1300ET.

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