Welcome, Traders!
Today is Tuesday the 2nd of May / Wednesday the 3rd of May, depending on where you are.
Here are some things to look out for in the session.
Sentiment:
Treasury notes rose on Tuesday as investors sought safer assets despite persistent concerns over US regional banks and economic data indicating a weakening labour market, driving rates across most of the curve down by more than 15 bps. Traders reduced their expectations for Federal Reserve tightening ahead of a policy decision on Wednesday, but areas of the bills curve witnessed a rising distortion as traders priced in fear over a possible US debt default following US Treasury Secretary Yellen's warning.
Docket:
6:45 PM ET
New Zealand Unemployment Rate - Forecast: 3.5% | Prior: 3.4%
New Zealand Labour Cost Index YoY - Forecast: | Prior: 4.3%
New Zealand Labour Cost Index QoQ - Forecast: 1.1% | Prior: 1.1%
9:30 PM ET
Australian Retail Sales MoM Prelim - Forecast: 0.2% | Prior 0.2%
Good luck!
