Explore Special Offers & White Papers from ADMIS

Strong Demand for Treasury Securities


The Treasury will auction $38 billion of 10-year notes today. 

Yesterday’s auction of $42 billion of 3-year notes resulted in a lower yield compared to the July offering, indicating strong demand for Treasury securities.  

Most market participants still see the Federal Reserve leaving its fed funds rate unchanged when it meets next month.  

Financial futures markets are predicting there is an 86% probability that the Federal Open Market Committee will keep its fed funds rate unchanged at its September 20 policy meeting, and there is a 14% probability of a 25 basis point increase.      

The Federal Open Market Committee’s 25 basis point increase in its fed funds rate on July 26 is probably the last one in this cycle. 


Stock index futures are higher in advance of the July consumer price index report tomorrow and the July producer price index report on Friday. Both reports are expected to show a 0.2% increase on a month-to-month basis. 

Mortgage applications in the week ended August 4 fell 3.1% after a 3.0% decline in the previous week. 

Stock index futures prices are likely to trend higher today from current levels. 


The U.S. dollar index is steady. 

The Japanese yen is lower on news that Japan’s machine tool orders shrank 19.8% year-on-year in July 2023, moderating from an upwardly revised 22.2% decline in June. 

The Canadian dollar and the Australian dollar are lower despite recent gains in crude oil prices. 


Interested in more futures markets?  Explore our Market Dashboards here.

Risk Warning: Investments in Equities, Contracts for Difference (CFDs) in any instrument, Futures, Options, Derivatives and Foreign Exchange can fluctuate in value. Investors should therefore be aware that they may not realise the initial amount invested and may incur additional liabilities. These investments may be subject to above average financial risk of loss. Investors should consider their financial circumstances, investment experience and if it is appropriate to invest. If necessary, seek independent financial advice.

ADM Investor Services International Limited, registered in England No. 2547805, is authorised and regulated by the Financial Conduct Authority [FRN 148474] and is a member of the London Stock Exchange. Registered office: 3rd Floor, The Minster Building, 21 Mincing Lane, London EC3R 7AG.                  

A subsidiary of Archer Daniels Midland Company.

© 2021 ADM Investor Services International Limited.

Futures and options trading involve significant risk of loss and may not be suitable for everyone.  Therefore, carefully consider whether such trading is suitable for you in light of your financial condition.  The information and comments contained herein is provided by ADMIS and in no way should be construed to be information provided by ADM.  The author of this report did not have a financial interest in any of the contracts discussed in this report at the time the report was prepared.  The information provided is designed to assist in your analysis and evaluation of the futures and options markets.  However, any decisions you may make to buy, sell or hold a futures or options position on such research are entirely your own and not in any way deemed to be endorsed by or attributed to ADMIS. Copyright ADM Investor Services, Inc.

Latest News & Market Commentary

Explore Special Offers & White Papers from ADMIS

Get Started