earlier from BBRG - "The U.S. government plans to issue 30
percent more of its debt this quarter than previously estimated partly because of lower tax receipts, the Treasury Department said.
The department will issue $201 billion in net marketable
debt from July through September, compared with $155 billion estimated in May, according to a statement released Monday in Washington."
Auction quarterly refunding will be out tomorrow
GVI Trading Room john 14:54:26 GMT - 08/02/2016
DJ -113
S&P -18
10-yr yield starting to fall as stox weaken
now 1.539%
GVI Trading Room14:41:00 GMT - 08/02/2016
U.S.10-yr 1.542% +3.4bp.
Traders blaming rising yields on supply. Also a weight on the USD. Worst could be over?
Livingston nh 12:24:31 GMT - 08/02/2016
STOX and bonds down together around the world (Australia an exception) - negative rate countries (and trade zones) debt markets getting hit hardest
2-Aug TUE
12:30 US- PCE Deflator 3-Aug WED
All Day Final Service PMIs
12:15 US ADP Jobs 4-Aug THU
11:00 GB- Bank of England Decision 5-Aug FRI
12:30 US/CA Employment and Trade
Trading Themes --
The July UK construction PMI was weaker, but not as weak as forecast post-Brexit. The Bank of England meets Thursday. The markets have already priced in a 25bp reduction in its repo rate target to 0.25% along with aditional policy ease as uncertainty about the economic impact of Brexit weighs on sentiment.
Analysts expect a strong rise in U.S. employment on Friday of 195K. Another strong report would call into question the weak May data, but keep in mind the Fed focus is also on inflation. A strong report will have markets looking for a September or December rate hike. After a number of missteps, expect this Fed to be very cautious. Street odds on a Fed funds rate hike by year-end a coin-toss.
the Japanese stimulus measures totaled over JPY 28tn, as expected. Nevertheless, the USDJPY is sharply weaker. Typically, markets were disappointed after digging into the details after a larger stimulus was not announced.
As expected, the Reserve Bank of Australia reduced its Cash Rate target to 1.50% from 1.75%. Australia inflation continues to miss the central bank's targets.
John M. Bland, MBA co-founder Global-View.com
dc CB 20:37:14 GMT - 08/01/2016
Moments ago, STOXX Ltd, the operator of Deutsche Boerse Group’s index business, announced component changes in the STOXX Europe 50 Index due to the fast-exit rule. All changes become effective with the open of markets on Aug. 8, 2016.
2-Aug TUE
04:30 AU- RBA Decision
12:30 US- PCE Deflator 3-Aug WED
All Day Final Service PMIs
12:15 US ADP Jobs 4-Aug THU
11:00 GB- Bank of England Decision 5-Aug FRI
12:30 US/CA Employment and Trade
Trading Themes --
Monday saw a slew of final Manufacturing PMIs. Many were simply revisions of flash data. The freshdata came from China and U.S. Chinese data were mixed and the U.S. ISM Manufacturing data missed street estimates. The special post-Brexit flash U.K. Mfg PMI was revised down sharply.
PM Abe is expected to announce a fiscal stimulus of what is touted to be around JPY 28 tn Tuesday. Analysts say the real underlying stimulus is likely to be one-quarter of that amount. Following the tepid Bank of Japan easing on Friday, there is a lot of room now for more disappointment.
Also on Tuesday, the Reserve Bank of Australia is widely expected to reduce its Cash Rate target to 1.50% from 1.75%. Australia inflation continues to miss the central bank's targets.
The Bank of England meets Thursday. The markets have already priced in a 25bp reduction in its repo rate target to 0.25% along with aditional policy ease as uncertainty about the economic impact of Brexit weighs on sentiment.
Analysts expect a strong rise in U.S. employment on Friday of 195K. Another strong report would call into question the weak May data, but keep in mind the Fed focus is also on inflation. A strong report will have markets looking for a September or December rate hike. After a number of missteps, expect this Fed to be very cautious. Street odds on a Fed funds rate hike by year-end a coin-toss.
John M. Bland, MBA co-founder Global-View.com
Actionable trading levels delivered LIVE to YOUR charts
Mon 27 May 2019 AAGB/US- Holiday Tue 28 May 2019 A 14:00 US- Consumer Confidence C 13:00 US- Case-Shiller Wed 29 May 2019 A 08:55 DE- Employment AA 18:00 US- BOC Decision A 18:30 US- EIA Crude Thu 30 Mar 2019 AAEZ/CH- Holiday A 12:30 US- Weekly Jobless Fri 31 Mar 2019 AA 10:00 EZ- Flash HICP A 12:30 US- Personal Income, Spending, Deflator AA 14:00 US- Final Univ of Michigan
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