Rates near 5.33% (10Y) as jobless claims, Fed speakers loom
10-year Treasury yield hovers near 5.33% and the 30-year approaches 5.7%. Today’s calendar includes initial jobless claims at 8:30 AM ET (expected near 200,000 vs 197,000 prior), Fed commentary from Christopher Waller and Alberto Musalem, and a $22 billion 30-year Treasury auction. Applied Digital rises premarket after revenue growth exceeding 300%; Levi Strauss reported better-than-expected earnings but weaker-than-expected revenue; PepsiCo reports before the opening bell.
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7%. Today's economic calendar includes initial jobless claims at 8:30 AM ET, expected near 200,000 versus 197,000 previously, along with Fed commentary from Christopher Waller and Alberto Musalem and a $22 billion 30-year Treasury auction. Applied Digital is up roughly 4% premarket after reporting revenue growth of more than 300%, while Levi Strauss posted better-than-expected earnings but weaker-than-expected revenue. PepsiCo is due before the opening bell.
Oil prices, Treasury yields, jobless claims, the bond auction and Fed commentary are the main catalysts, with renewed inflation fears threatening the recent AI-led rally.