Major US stock indices open little changed

The major US indices open little changed. The ADP report was weaker than expectations. The GDP is old news now, but it came in 2.9% vs 2.7% estimate. The Advanced goods trade balance comes in at -99B which was a bigger trade gap than expected but that release can be volatile.

A snapshot of the market shows:

In the US debt market, the yields are moving higher from earlier New York levels:

  • two year 4.528%, +5.6 basis points
  • five year 3.968% +4.7 basis points
  • 10 year 3.777% +3.0 basis points
  • 30 year 3.833% +3.0 basis points

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