We have a light data week ahead with very few Fed speakers in the week. After a dramatic last week where employment numbers worsened & US yields tumbled by 20-30 bps across the curve, this week might put more light on consumer spending & US bank’s lending. Also, this week we should watch out for Fed speakers trying to push back against the current 116 bps cut narrative in REMCY24 built in the US fed fund futures market.
