Markets Await Report on Consumer Sentiment

Treasuries are set to begin their day with slightly higher prices as investors await the University of Michigan’s preliminary September report on Consumer Sentiment due out later this morning. That measure is expected to show some slight improvement. Earlier today, the Bureau of Economic Analysis reported that, in the second quarter, the nation’s Current Account Balance, the broadest measure of international trade, became more negative with a new deficit of $170.5B in a larger-than-expected move from the first quarter’s negative $111.5B.

In early trading, the Ten Year’s yield is hovering around 67 basis points with the Long Bond yielding around 1.41%. Crude oil has slipped less than a half-dollar, and is trading at just over $40. Gold is up about $5 to $1,950 and DJIA futures are slightly in the red.