Early Bonds: U.S. Treasuries mixed start with longer tenors expected to show slight strength in the early going while shorter tenors are set to begin below their flat lines.
EU Commission’s winter forecast called for 0.9% growth in the eurozone while the outlook for 2024 remains unchanged at 1.5%. Inflation for 2023 is expected to decelerate to 5.6% and slow to 2.5% in 2024.
U.S. Dollar Index is down 0.1% at 103.53.
Yields
2-yr: +4 bps to 4.55%
3-yr: +3 bps to 4.23%
5-yr: +2 bps to 3.94%
10-yr: UNCH at 3.74%
30-yr: -3 bps to 3.80%