Treasury Market Outlook: Treasuries are a little weaker
Treasury Market Outlook: Treasuries are a little weaker, in tandem with Gilts. Bund and continental yields, along with JGB rates, are lower. Brexit worries weighed on Gilts amid reports the EU may start to prepare for trade talks, but aren't including British government in the discussions. Meanwhile, reports the ECB is considering 9 months of QE extension supported European bonds, as spreads narrowed. Treasuries are a bit softer on expectations for bank issuance, and as the market awaits today's September CPI and retail sales numbers. Also due are August business inventories and the preliminary October University of Michigan consumer sentiment survey. The September Treasury budget might be released too. There's Fedspeak fromm Evans and Kaplan. The earnings calendar features Bank of America, First Republic Bank, PNC Financial Services, and Wells Fargo.