Markets showed little response to service sector data

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Three days of partial closure with not much change in markets. Consensus remains the shut down will likely end early next week, if not then we can expect some big reactions in US and global markets.

At 9:30 am ET the DJIA opened +98, NASDAQ +38, S&P +10. 10 year note 4.10% +1 bp. FNMA 5.5 30 year coupon at 9:30 am -3 bps from yesterday’s close and +9 bps from 9:30 am yesterday.

At 9:45 am September PMI final services sector index thought to be at 53.9 increased to 54.2.

At 10 am September ISM services sector index expected at 51.6 reported at 50.0 and down from 52.0 in August.

Should be another quiet session unless unexpected news hits.

Source: TBWS


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