Calmer Start. Uneventful ADP. Waiting on ISM
After 2 days of much higher volatility at the open, bonds are roughly unchanged so far this morning and the overnight session was noticeably calmer. Today's big ticket data includes ADP Employment and ISM Services. The former is already out (63k vs 50k, with a negative revision about the same size as the beat) and not moving markets. With that, we wait for ISM Services at 10am ET--arguably a much more capable market mover on average. With 10s trading in the 4.07's currently, 4.10% increasingly looks like a technical ceiling.
Categories
Recent Posts
Obsession: I Found This Backpack in Osaka—Now I Can’t Travel Without It
LA County dishes out $220M for affordable housing projects
The RealReal Founder’s Chic Manhattan Condo Lists for $7.9 Million
TA Realty buys Anaheim apartments for $148M as local multifamily vacancy rises
Jessica Lange’s Former New Orleans Cottage Lists for $1.9 Million—Plus 5 More Luxury Homes for Sale
$325M Irvine office sale nears all-time record for Orange County
The Hidden Details Behind Tiffany & Co.’s U.S. Open Championship Trophies
Is the Warehouse the New Gallery?
The History of the Beloved Original ‘Practical Magic’ House
Arcadia officials sign off on more resi, retail near Metro
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "
26895 Aliso Creek Rd, B-603, Aliso Viejo, California 92656, USA