Still a weak “Risk on” For markets as Impact of positive GDP and ADP are still lingering. Spoos +3 handles Nasdaq +31.We do see yield curve trading flatter here as Short term Yields trade higher and long term yields are Steady to lower.December rate hike probabilities are 4% higher than yesterdays close they stand at 33%.Most of Volume today is roll related as We find Dec and September with roughly an equal tally of today’s activity. A flatter Yield curve could be Aussie Dollar and New Zealand dollar being sold here as Aussie failed to trade above 80 handle. Dollar +57 ticks as Market is starting to price a Strong payrolls number and Month end activity
The Trade related to Hurricane Harvey has quieted down as rains have moved on .Rbob expiration tomorrow could be exciting.