brief notes
June 18, 2024
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–Yields up on treasury curve as part of Friday’s safety bid unwound. Tens up 6.8 bps to 4.277%
–Retail Sales today, expected 0.3%, ex-auto and gas +0.4%. Industrial Production +0.3%
–Speakers includes Barkin, Collins, Logan, Kugler, Musalem and Goolsbee.
–Powell to testify in front of Congress on July 9. July midcurves expire July 12. July treasury options expire Friday. TYN4 110.5^ settled 34 yesterday.
–Ueda suggests that BOJ could raise rates in July, but $/yen still over 158.
