Morning Juice – US Session Prep (29th September)

Sentiment
The dollar dropped and Treasury yields dipped ahead of a swath of US jobs data this week, which may cement the view that the Fed will keep cutting rates this year. The chance of a possible US government shutdown also hurt sentiment for the dollar. A shutdown could delay the release of Friday’s NFP, which would add ambiguity to the Fed’s rate path.

The 2-Yr Treasury yield slipped 2 BPS to 3.62% while the 10-Yr yield fell 4 BPS to 4.15%. Traders are wagering on a roughly 80% chance that the Fed will deliver another cut next month.

Economic Releases
N/A

Speakers & Events
8 AM ET
Fed’s Hammack Speaks. No text
BoE’s Ramsden & ECB’s Lane Speak. No Text, Q&A

10:15 ET
Trump signs an Executive Order

11:00 ET
Trump Meets Netanyahu

13:15 ET
Trump-Netanyahu Press Conference

13:30 ET
Fed’s Musalem Speaks at Washington University No Text, Q&A

Fed’s Williams participates in conversation organized by the Rochester Institute of Technology