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MORNING TAPEEDITION WED, SEP 23, 2026GENERATED SEP 23, 7:47 AM CDT

BEFORE THE BELL

S&P 500 futures down 0.11%Nasdaq 100 down 0.26%

Futures, overnight markets, the official Treasury curve, the dollar, commodities, crypto, today's calendar and overnight developments before the U.S. session opens.

WHAT MATTERS TODAY

Observed setup · no forecasts
FUTURES

S&P 500 E-mini futures -0.11% versus the Sep 22 daily close. Widest index move: Russell 2000 E-mini futures -0.48%.

OVERNIGHT

Nikkei 225 +0.28%; Hang Seng +0.00%; Euro Stoxx 50 +0.00%; FTSE 100 +0.00%.

CALENDAR

Flash Manufacturing PMI at 8:45 AM CT and 4 more scheduled U.S. releases.

RATES

Official 10-year Treasury 4.96% as of Sep 21; 2s10s +20 bps.

01 / FUTURES

U.S. index setup

Latest E-mini quote versus the prior daily close. Quotes older than 90 minutes are marked delayed.

ES=F-0.11%
7,823.50

S&P 500 E-mini futures

As of 7:35 AM CDT
NQ=F-0.26%
30,949

Nasdaq 100 E-mini futures

As of 7:35 AM CDT
YM=F-0.26%
52,142

Dow E-mini futures

As of 7:35 AM CDT
RTY=F-0.48%
2,900.10

Russell 2000 E-mini futures

As of 7:35 AM CDT

02 / OVERNIGHT

Asia and Europe

Asia has closed its session; Europe is usually trading at publication. Each move is measured from that market's prior close.

^N225+0.28%
65,200

Nikkei 225

As of Sep 18, 1:25 AM CDT
^FTSE+0.00%
10,687

FTSE 100

As of 7:30 AM CDT

03 / CROSS-ASSET

Volatility, the dollar, commodities and crypto

Volatility, rates proxies, the dollar, commodities and crypto. Yield rows show basis-point changes.

2YY=FProxy+0 bps
4.422%

CBOT 2-Year yield futures

Delayed · last Sep 22, 1:45 PM CDTFutures proxy for the 2-year yield, not the cash Treasury yield.
BTC-USD+0.00%
85,471

Bitcoin

As of 7:45 AM CDT
ETH-USD+0.00%
2,721.13

Ethereum

As of 7:45 AM CDT

04 / TREASURY CURVE

Treasury yields at the prior close

The latest U.S. Treasury par yield curve. It is published once a day, so it reflects the prior session, not overnight trading.

3M TREASURY4.17%+3 bps d/d
2Y TREASURY4.76%+0 bps d/d
5Y TREASURY4.83%-3 bps d/d
10Y TREASURY4.96%-5 bps d/d
30Y TREASURY5.29%-5 bps d/d
2s10s CURVE+20 bps-5 bps d/d
3M–10Y CURVE+79 bps-8 bps d/d
10Y REAL (TIPS PAR)2.62%-6 bps d/d

Official end-of-day par yields as of Mon, Sep 21 versus Sep 18. U.S. Treasury ↗

05 / TODAY'S CALENDAR

Scheduled for today

U.S. releases, Treasury auctions, tracked earnings and market-structure dates for today and the next session. Times in Central Time.

Today · Wednesday, Sep 23

  1. 8:45 AM CTSource 9:45 AM ET
    Flash Manufacturing PMI

    Business surveysImportance: Low (source)

    Actual
    —
    Consensus
    53.6
    Previous
    53.2
    Forex Factory Economic Calendar ↗
  2. 8:45 AM CTSource 9:45 AM ET
    Flash Services PMI

    Business surveysImportance: Low (source)

    Actual
    —
    Consensus
    55.8
    Previous
    56.8
    Forex Factory Economic Calendar ↗
  3. 9:05 AM CTSource 10:05 AM ET
    FOMC Member Barr Speaks

    Central bankImportance: Low (source)

    Forex Factory Economic Calendar ↗
  4. 9:30 AM CTSource 10:30 AM ET
    Crude Oil Inventories

    EnergyImportance: Low (source)

    Actual
    —
    Consensus
    -0.7M
    Previous
    -0.6M
    Forex Factory Economic Calendar ↗
  5. 11:00 AM CTSource 12:00 PM ET
    FOMC Member Goolsbee Speaks

    Central bankImportance: Low (source)

    Forex Factory Economic Calendar ↗
  6. Time not published
    1-Year 10-Month Note auction (reopening)

    Treasury auctionOffering $28B · CUSIP 91282CRD5

    U.S. Treasury Fiscal Data ↗
  7. Time not published
    17-Week Bill auction

    Treasury auctionOffering $72B · CUSIP 912797WR4

    U.S. Treasury Fiscal Data ↗
  8. Time not published
    5-Year Note auction

    Treasury auctionOffering $70B · CUSIP 91282CRN3

    U.S. Treasury Fiscal Data ↗

Next session · Thursday, Sep 24

  1. 3:10 AM CTSource 4:10 AM ET
    FOMC Member Williams Speaks

    Central bankImportance: Low (source)

    Forex Factory Economic Calendar ↗
  2. 7:30 AM CTSource 8:30 AM ET
    Current Account

    Economic dataImportance: Low (source)

    Actual
    —
    Consensus
    -258B
    Previous
    -227B
    Forex Factory Economic Calendar ↗
  3. 7:30 AM CTSource 8:30 AM ET
    FOMC Member Barkin Speaks

    Central bankImportance: Low (source)

    Forex Factory Economic Calendar ↗
  4. 7:30 AM CTSource 8:30 AM ET
    Unemployment Claims

    EmploymentImportance: Medium (source)

    Actual
    —
    Consensus
    201K
    Previous
    196K
    Forex Factory Economic Calendar ↗
  5. 7:50 AM CTSource 8:50 AM ET
    FOMC Member Hammack Speaks

    Central bankImportance: Low (source)

    Forex Factory Economic Calendar ↗
  6. 9:00 AM CTSource 10:00 AM ET
    New Home Sales

    HousingImportance: Low (source)

    Actual
    —
    Consensus
    615K
    Previous
    607K
    Forex Factory Economic Calendar ↗
  7. 9:10 AM CTSource 10:10 AM ET
    FOMC Member Paulson Speaks

    Central bankImportance: Low (source)

    Forex Factory Economic Calendar ↗
  8. 9:30 AM CTSource 10:30 AM ET
    Natural Gas Storage

    EnergyImportance: Low (source)

    Actual
    —
    Consensus
    50B
    Previous
    44B
    Forex Factory Economic Calendar ↗
  9. Time not published
    4-Week Bill auction (reopening)

    Treasury auctionOffering $90B · CUSIP 912797VN4

    U.S. Treasury Fiscal Data ↗
  10. Time not published
    7-Year Note auction

    Treasury auctionOffering $44B · CUSIP 91282CRM5

    U.S. Treasury Fiscal Data ↗
  11. Time not published
    8-Week Bill auction (reopening)

    Treasury auctionOffering $85B · CUSIP 912797VY0

    U.S. Treasury Fiscal Data ↗

06 / OVERNIGHT CATALYSTS

News since the prior close

Published since the prior U.S. close by official sources or allowlisted publishers. Context only, never a claimed cause.

No qualifying development from an official source or allowlisted publisher was published in this window. Nothing is substituted.