The early optimism in global markets is god with the euro now down 42 pips and S&P 500 futures lower by 7 points. That's been coupled with yields rising 4-8 bps across the curve in a sign that it wasn't just quarter end hurting bonds last week.
In any case, the economic calendar is busy this week starting today with the September ISM manufacturing index at 10 am ET. Just before that is the S&P Global manufacturing measure at 9:45 am ET; that's the final measure after the prelim number was an improvement to 48.9 from 47.9.
The Fed calendar features:
- 11 am ET Powell and Harker participate in a roundtable
- 11 am ET The BOE's Mann speaks
- 1:30 pm ET the Fed's Williams moderates a discussion
- 7:30 pm ET, the FEd's Mester speaks on the economic outlook
