Weekend News 07Sep

24-29Aug Auction 

As noted in last week's analysis, focus on potential for continued price discovery higher toward the Major Structural Resistance Cluster, 97s-98.50s, did not unfold as selling interest emerged at Key Structural Resistance, 96s, following the Labor Day holiday. Price discovery lower resulted as long liquidation occurred below Key Support, 94.50s, toward the Avg Weekly Range Low at/near Major Structural Support. Focus on response within key demand area, 92.50s-92.80s, into next week's auction.   

31Aug-05Sep Auction

Graphics

• NFP. (Zerohedge)

• The Fed's Shadow Rate. (WSJ)

• Wage Inflation, Or Lack Thereof. (FuW)

Central Banks

• Why The Euro Might Not Depreciate Further By Much. (WSJ)

• Significant Labor Slack Remains, Monetary Policy Must Be Patient In Removing Stimulus, Sayeth Fed's Rosengren. (WSJ)

Geopolitics 

• Iran Didn't Create ISIS, The West Did. (Ben Reynolds via Diplomat)

• Will The Volker Rule Be Effective? (Vox)

• Ukraine's Unhappy Ceasefire. (Economist)

Supply/Demand & Markets

• EIA: -900k v -900k exp. (EIA)

• New Powers. (Jeffrey Ball via IMF)

• BP, Halliburton, Transocean Found Negligent In Deepwater Horizon Spill. (Oil Price)