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Wednesday Data, Fed Speaker Roundup

OUTLOOK
Modest data on tap early Wednesday, couple hawkish Fed speakers with Mester and Barkin scheduled (Fed Gov Bowman at comm banking forum). Market absorbs second leg of week's Tsy supply with downsized $37B 10Y sale.
  • US Data/Speaker Calendar (prior, estimate)
  • Feb-09 0700 MBA Mortgage Applications (12.0%, --)
  • Feb-09 1000 Wholesale Inventories MoM (2.1%, 2.1%)
  • Feb-09 1000 Wholesale Trade Sales MoM (1.3%, 1.5%)
  • Feb-09 1030 Fed Gov Bowman, Comm Bankers conf, no text, moderated Q&A
  • Feb-09 1200 Cleveland Fed Mester (hawk, voter) eco/mon-pol outlook, text and q&a
  • Feb-09 1300 US Tsy $37B 10Y Note auction (91282CDY4)
  • Feb-09 1900 Richmond Fed Barkin (alternate voter '23, hawk), policy response amid pandemic uncertainty, no text

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