|10-Year: unch....%.... GNMAs: .... USD/JPY: 107.96.... EUR/USD: 1.1260|
--June PPI (Actual +0.1%, Briefing.com consensus 0.0%, Prior +0.1%)
--Core PPI for June (Actual +0.3%, Briefing.com consensus +0.2%, Prior +0.2%)
Ready to reverse the inversion?
- Treasuries are showing some resolve today, licking this week's wounds so to speak as they stand close to where they settled on Thursday.
- Next week has the potential to be another big week of movement, as the second quarter earnings reporting season gets underway, replete with guidance that will help shed light on the economic outlook. Separately, there will be a spate of closely-watched economic releases that includes the Empire State Manufacturing, Retail Sales, Industrial Production, Housing Starts, Philadelphia Fed Index, and University of Michigan Consumer Sentiment reports.
- The 10-yr - 3-mo spread inversion is real close to reversing, as it stands at just two basis points now versus 26 basis points on July 3.
- Yield check:
- 2-yr: -1 bp to 1.84%
- 3-yr: UNCH at 1.83%
- 5-yr: -1 bp to 1.87%
- 10-yr: UNCH at 2.12%
- 30-yr: +1 bp to 2.65%