US Tsys prices are slightly better bid in early NY trade Mon and the curve is steeper. There is a very busy week ahead with FOMC meeting on Wed the big story. Markets almost 100% convinced Fed will cut 25 bps, there are small odds for 50 bps and the statement and forward guidance are just as important as is the vote. Steve Miran likely to be voted in as Gov to replace Kugler today but there is a wrinkle as he will return to his WH CEA role on 1/31/26. Lots of data this week with retail sales, import prices, industrial production, weekly claims likely the focus. Pres Trump heads to UK for state visit later this week. US Tsy will sell $13B reopened 20Y bonds tomorrow The global markets focused on wide range of topics: Russia sanctions and oil, US budget and potential shut down Oct 1, downgrade of French debt by Fitch last Friday, a whole host of central banker meetings and economic data this week.
US Treasuries Firm Ahead of FOMC, Busy Data Week — TradingView News
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