Quiet Monday Morning

Investors are gingerly easing into the new week on a Monday with little in the way of data pronouncements and on the heels of mostly sedate overnight trading in foreign markets. A little later this morning, the Dallas Fed is scheduled to release its Manufacturing Index for August and it is expected to improve to zero from July’s level of minus 3. Other similar reports from various regional Feds have also showed marked improvement of late as the manufacturing sector continues to claw its way out of a deep hole.

Treasuries are a little soft in early trading with the Ten-Year’s yield languishing around 73 basis points. The Long Bond is just north of 1.50% with the short-end anchored by a 13 basis points Two-Year. Crude oil is little changed at around $43.25 with gold also little changed at around $1,962. Equities are slightly in the green.