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Ylds Gaining Again Ahead PMI

US TSY FUTURES

US Tsy 30Y yields see-sawing around 3.2399% (+.0244), curves flatter for the most part (2s10s +1.940 at -32.379) as we near release of latest MNI Chicago PMI (52.2 est) at 0945ET.

  • Moderate two-way consolidative flow as markets continue to digest softer ADP (+132k vs. +300K est) ahead Friday's August employment read (+300k est vs. +528k prior) in light of more hawkish policy messaging from Fed and ECB.

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