Morning Juice – US Session Prep (23rd June)

Sentiment
Short-dated Treasuries outperformed as traders pared expectations for Federal Reserve rate hikes, while the dollar rose against all Group-of-10 currencies except the Japanese yen.

Docket
9:45 ET
US S&P PMI Flash Data for June
Manufacturing – Forecast: 54.6 | Prior: 55.1 | Range: 55.8 / 53.5
Services – Forecast: 51.1 | Prior: 50.7 | Range: 52.7 / 50.2
Composite – Forecast: 52.1 | Prior: 51.5 | Range: 53.2 / 51.9

13:00 ET
US 2-Year Note Auction
Prior High Yield – 4.071%
Prior Bid-to-Cover – 2.64

Speakers & Events
9:00 ET
Bank of Canada Governor Macklem speaks in Paris on how shifts in the global financial system are reshaping economies and international relations, and on the importance of understanding these risks to build resilience in an increasingly uncertain world
Press Conference is expected

9:55 ET
BoE’s Taylor speaks at the Barclays and Centre for Economic Policy Research monetary policy forum

ECB’s Vujcic speaks at the monetary policy forum 2026, organized by Barclays and Centre for Economic Policy Research in London

13:30 ET
BoE’s Dhingra speaks on a panel at an event at King’s College London on Brexit, ten years on.

14:05 ET
Trump delivers remarks at Mack Trucks Lehigh Valley Operations

Earnings
16:05 ET
FedEx Q4 2026 Earnings
Estimated Revenue – 24.06B
Estimated EPS – $5.97

Good Luck!