The US rate market remains choppy but skewed higher in yield around themes of better-than-expected economic data, continued deficit spending, and potential election outcomes. It’s going to be a dynamic few weeks ahead with the PCE Deflator, Treasury’s Quarterly Refunding, November jobs report, election, and Fed meeting within sight.

Some froth coming off Fed pricing with the stronger data makes sense to us as the United States continues to outperform. This week, the focus on the Fed’s Beige book, rate price action, and remaining Fed speak before the Fed enters their blackout period.

Gregory (Greg) Faranello, CFA, Head of US Rates at AmeriVet Securities, Inc. shares his thoughts in this week’s Monday Minutes.