Free Trial

What to Watch: Tsys Extend Lows on MN Fed Kashkari, Fed Speak Ahead

US TSYS
  • Tsy futures are extending lows following latest comments from MN Fed President Kashkari re: rate cuts, Fed has time to assess before doing so, economic data is not "unambiguously positive". Mar'24 10Y futures tap 111-01.5 low (-19.5, yield 4.1174% high), initial technical support at 110-26 (Jan 19 low, bear trigger).
  • Scheduled Fed speakers: Chicago Fed Goolsbee on Bbg 1000ET followed by Atlanta Fed Bostic pre-recorded welcome remarks at education/training seminar, text, no Q&A at 1400ET. Additional pop-up Fed speakers possible
  • S&P Global US Services/Composite PMIs at 0945ET, followed by ISM Services data at 1000ET. Later this afternoon, StL Fed Senior Loan Officer Opinion Survey on Bank Lending Practices (SLOOS) released at 1400ET.
  • US Tsy auctions at 1130ET: $79B 13W, $70B 26W bill auctions

120 words

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.
  • Tsy futures are extending lows following latest comments from MN Fed President Kashkari re: rate cuts, Fed has time to assess before doing so, economic data is not "unambiguously positive". Mar'24 10Y futures tap 111-01.5 low (-19.5, yield 4.1174% high), initial technical support at 110-26 (Jan 19 low, bear trigger).
  • Scheduled Fed speakers: Chicago Fed Goolsbee on Bbg 1000ET followed by Atlanta Fed Bostic pre-recorded welcome remarks at education/training seminar, text, no Q&A at 1400ET. Additional pop-up Fed speakers possible
  • S&P Global US Services/Composite PMIs at 0945ET, followed by ISM Services data at 1000ET. Later this afternoon, StL Fed Senior Loan Officer Opinion Survey on Bank Lending Practices (SLOOS) released at 1400ET.
  • US Tsy auctions at 1130ET: $79B 13W, $70B 26W bill auctions