US Treasury prices are lower this morning as heavy European issuance weighed on yields and investors assessed the results of last night’s Brexit plan. Prime Minister May’s Brexit deal was rejected for the second time, although by a smaller margin. Later today, lawmakers are expected to vote on whether to leave the European Union with no agreement, or delay Brexit in hopes of more favorable terms.
In the US, the New York calendar is expected to release PPI, Durable Goods, and Construction Spending. Additionally, there will be no more Fed speakers since we have entered the blackout period before the March 20th meeting.
Chris Eckhoff
Associate, Investment Management Group
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