It is Monday the 1st of May, and the week gets started off with manufacturing data from the US.
Here are some things to look out for today.
This morning, Treasuries fell, reversing Friday's rally, and the dollar rose following news that JPMorgan will acquire First Republic Bank.
The yen fell further on Friday following the Bank of Japan's decision to maintain its main stimulus measures.
For the May Day holiday, many European and Asian markets were closed.
As the budget deficit worsens, the US Treasury will need to increase its issuance of longer-term securities this year, but its plans are currently stalled due to the partisan standoff in Washington over raising the debt limit.
House Republicans challenged the US Senate to pass its own debt-limit bill and sought to keep President Biden under pressure to hold talks on spending cuts linked to an increase in the nation's borrowing limit.
9:45 AM ET
US S&P Manufacturing PMI April Final
Median Forecast: 50.4 | Prior: 50.4 | Range: 50.5 / 49.9
10:00 AM ET
US ISM Manufacturing PMI for April
Median Forecast: 46.8 | Prior: 46.3 | Range: 48.7 / 45.6
11:30 AM ET
US sells $57 bln 3-Month Bills
US sells $48 bln 6-Month Bills