Initial jobless claims and a 30-year bond sale highlight the US economic calendar


The market hasn’t been as quiet as anticipated today in the countdown to non-farm payrolls. USD/JPY has fallen hard as US 2-year yields gravitate back to 5%.

On the economic calendar today, we get weekly initial jobless claims. They have remained extremely low as part of broad US labor tightness and no shift in that paradigm is expected today with the consensus at 195K compared to 190K previously.

The other item of note on the agenda is a 30-year bond sale at 1 pm ET. The OTR 30s are trading at 3.92%, up 4.6 bps and part of that may be a concession for today’s supply.

Denial of responsibility! is an automatic aggregator around the global media. All the content are available free on Internet. We have just arranged it in one platform for educational purpose only. In each content, the hyperlink to the primary source is specified. All trademarks belong to their rightful owners, all materials to their authors. If you are the owner of the content and do not want us to publish your materials on our website, please contact us by email – at The content will be deleted within 24 hours.

Read original article here

Leave A Reply