UPDATE: Rumor of Clean CR (unfounded and denied) sparks squeeze in bonds (10Y +5bps) and ramp in stocks (ES +10!) - leaving us wondering how an equity rally will play with the press in the morning if we shutdown?
[4]
UPDATE: And now futures are testing towards the day session's highs...
Given the Senate rhetoric following this House vote - a US government shutdown with all its fire and brimstone that we have been told to expect is nigh; For the second night in a row, Chinese PMI data disappointed with the recovery not as growthy as everyone had extrapolated from the flash data. This is the smallest rise in China's official PMI in 4 months - just 0.1 above August's at 51.1. What is the reaction of futures markets? nothing...
[5]
and 10 minutes later - S&P futures are testing the highs but 10Y remains entirely unimpressed...
Charts: Bloomberg