Linea Mercati Interview 5/7/24
May 8, 2024Linea Mercati Interview 5/8/24
May 9, 2024Treasury yields recover some ground ahead of today’s 10-year auction, “which we believe is likely to show respectable demand,” Spartan’s Peter Cardillo says in a note. The 10-year is at 4.485% and the two-year at 4.836%, as an initial 25-basis point interest rate cut is mostly priced for September, according to the CME’s FedWatch tool. They have been declining since the Fed was perceived as dovish last week. Jobless claims data tomorrow are expected to show signs of cooling labor market, while April CPI inflation is due next week. Fed’s vice-chair Jefferson and governor Cook have speeches today.