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What to Watch: US Flash PMIs, Fed Exits Blackout, TIC Flows

US TSYS
  • Tsy futures are quietly extending overnight highs at the moment: TYH4 marking 112-24 (+7.5), no particular headline driver at the moment as markets continue to adjust to this week's dovish pivot from the Fed's steady policy annc Wednesday acknowledged inflation has eased.
  • Overnight support renewed following softer European flash PMI futures lifted EGBs, while the US see's their Flash manufacturing/services/composite PMIs this morning at 0945ET.
  • Prior data includes Empire Manufacturing at 0830ET and Industrial Production/Capacity Utilization at 0915ET. TIC flows later this afternoon at 1600ET.
  • Meanwhile, NY Fed President John Williams first to exit the the policy blackout with interview on CNBC Squawk at 0830ET.

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