What to Watch:

Next round of economic data with weekly jobless claims and housing related data. US Tsy $9B 30Y TIPS auction; NY Fed buy-op: Tsy 10Y-22.5Y, appr $1.625B.

• On data at 0830ET (prior, est):
  • Initial Jobless Claims (223k, 218k); Continuing Claims (1.621M, 1.605M)
  • Building Permits (1.885M rev, 1.750M); MoM (9.8% rev, -7.2%)
  • Housing Starts (1.702M, 1.693M); MoM (1.4%, -0.4%)
  • Philadelphia Fed Business Outlook (23.2, 20.0)
• At 1000ET:
  • Existing Home Sales (6.18M, 6.10M); MoM (-4.6%, -1.3%)
  • Leading Index (0.8%, 0.2%)
• FED: StL Fed president Bullard discusses his economic and policy outlook at Columbia Univ event at 1100ET (no text but will answer audience questions). Cleveland Fed Mester later in the evening (1700ET) also shares her eco/mon-pol outlook at NYU business school, text, Q&A.
• Geopolitical: Evidenced by overnight trade -- gap move potential over headlines on Russia/Ukraine developments continues to keep markets on their toes. US/Allies disagree with reports of Russia troop withdrawals, wary of "false flag" operations.