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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

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