Key Events In The Coming Extremely Busy Week: Jobs, Fed, Earnings And Much More

It’s an extremely busy week of US data/earnings/events with plenty to keep US yields in the spotlight after a notable sell-off in the first half of the week followed by a notable rally over the last couple of days (US 10yr -2.4bp Friday to 2.958%, -7.5bps from intra week highs on Wednesday) as the focus will remain on the US.

There are a number of important data releases in the US including payrolls and PCE.In addition, the Fed is expected to keep the target rate unchanged at the Wednesday FOMC meeting with no changes to the policy statement. At the Treasury quarterly refunding we look for a continued increase in auction sizes, concentrated at the front end.