Daily Note | November 1, 2023 | Happy Fed Day And Refunding Day!

Good Morning!

Markets are lower ahead of today's Fed meeting and Macro data dump.  The US dollar is up and bonds are catching a bid.  The treasury announcement came out at 830 EST detailing the size of future bond sales.  It appeared in line with what the market was expecting.  

ADP payrolls came in weaker than expected at 113K, lower than the 130K expect…