Halister News

(Bloomberg) -- Inflation concerns highlighted in the FOMC minutes are bullish for intermediate sector USTs, biasing a steeper 5Y30Y curve and a flatter 2Y10Y curve, Credit Agricole analyst Alex Li writes in note.

• FOMC minutes included “heated debate” on downside inflation risks, leading to dovish market reaction; 2Y10Y curve flattened in post-minutes trading
• Many Fed officials seeing risk of inflation below 2% goal for longer is “especially worrisome,” given inflation drop amid “tightened” resource utilization; however, stronger inflation tends to lag resource tightening

To contact the reporter on this story: Anna Windemuth in New York at awindemuth1@bloomberg.net To contact the editors responsible for this story: Boris Korby at bkorby1@bloomberg.net Greg Chang

(Bloomberg) -- Treasury futures (TY1) technical levels in focus for Thursday.

• Daily Trend Bias: Bullish
• Comment: Strong bullish Wednesday session undoes Tuesday’s bear damage and revives topside focus; market still respects trend of higher troughs
  • Resistance: 126-18+; 126-25+; 126-28/126-29; 127-02
  • Support: 126-10+; 126-09+; 126-07; 126
• NOTE: Roll-adjusted by difference in GFUT
• NOTE: Sejul Gokal is a FICC technical strategist who writes for Bloomberg. The observations he makes are his own and are not intended as investment advice

To contact the reporter on this story: Sejul Gokal in London at sgokal1@bloomberg.net To contact the editors responsible for this story: Ven Ram at vram1@bloomberg.net Keith Jenkins

(Bloomberg) -- Following are forecasts for today’s economic releases as compiled by Bloomberg News.

• Initial Claims 240k; range 235k to 247k (42 estimates)
• Cont. Claims 1955k; range 1940k to 1965k (7 estimates)
• "Jobless claims have settled down in recent weeks as much of the volatility from annual retooling in the auto industry has passed"; today’s data coincide with the survey week for the government’s monthly employment report: Bloomberg Intelligence
• The prior report showed jobless claims fell by 5,000 in the week ended July 29 to 240,000
• Philly Fed 18; range 10 to 25 (45 estimates)
• "Conditions on the factory floor have deteriorated in recent months, but continue to imply a positive pace of production”: Bloomberg Intelligence

To contact the reporters on this story: Chris Middleton in Washington at cmiddleton2@bloomberg.net ; Vincent Del Giudice in Denver at vdelgiudice@bloomberg.net To contact the editors responsible for this story: Alex Tanzi at atanzi@bloomberg.net Kristy Scheuble

(Bloomberg) -- Israeli billionaire and publicist Tal Zilberstein to be released to house arrest Friday afternoon, police say by text message.

• Pair will be restricted to house arrest for 15 days and can’t leave Israel for 60 days: Globes
• NOTE: Steinmetz Questioned in Israel Money-Laundering Case: Channel 2

To contact the reporter on this story: Michael S. Arnold in Tel Aviv at marnold48@bloomberg.net To contact the editors responsible for this story: Riad Hamade at rhamade@bloomberg.net David Wainer