Futures are flat on the first day of Q4. There’s no critical data due out today other than manufacturing ISM (10am ET) which has lately been tracking the economic slowdown.continued for members…

ES has continued to hold its recent highs. The USD has strengthened somewhat on Powell’s comments that the Fed was in no particular rush to lower rates. This has had the effect of moderating oil/gas prices… …which is likely responsible for the slight decline in the 10Y.The 2s10s is now down to 11 bps – a substantial decline from its recent 22 bps highs.

GLTA