Reuters Morning Bid Week Ahead: Treasury tremors
Mar 29, 2026
They dig into rising energy costs and what that means for consumer confidence. They flag political fallout from sagging economic sentiment. They unpack odd timing for jobs data and payroll forecasts. They explore strain in U.S. Treasury markets, from weak auctions to liquidity and foreign selling concerns.
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Consumer Confidence To Reveal Energy Shock Impact
- U.S. consumer confidence this week will reveal how households respond to rising energy costs and Middle East volatility.
- Business surveys showed services weakened more than manufacturing, suggesting gas price jumps are already denting household plans at the pump near $4 a gallon.
Good Friday Jobs Report Delays Market Reaction
- The March U.S. jobs report will have a delayed market impact because it's released on Good Friday when stock and bond markets are closed.
- Consensus expects payrolls to rebound about 50,000 after February's near 85,000 drop, with a slight tick up in unemployment.
Treasury Market Liquidity Shows Strain
- Recent 'tremors' in the U.S. Treasury market show wider dealing spreads and wild yield moves, especially in two-year yields as Fed cuts priced out.
- Morgan Stanley noted dealing spreads widened ~30% versus February even as volumes jumped, a sign of forced selling.