What to Watch: Consumer Confidence, SF Fed Daly, 7Y Sale

Tsy yields little off pre-open highs w/ 30YY 3.3480% +.0361 vs. 3.3613% high, yield curves mixed while 2s10s steepens +3.737 at 11.162. Stocks holding near modest overnight high, ESU2 +24.0 at 3927.75, mirroring Crude, WTI +1.73 at 111.30); Gold making modest gains at 1824.60 +1.75.

• Economic data kicks off at 0830ET:
  • Advance Goods Trade Balance (-$106.7B rev, -$105.9B);
  • Wholesale Inventories MoM (2.2%, 2.1%);
  • Retail Inventories MoM (0.7%, 1.6%); followed by:
  • FHFA House Price Index MoM (1.5%, 1.4%) at 0900ET
  • Conf. Board Consumer Confidence (106.4, 100.0), 1000ET
  • Richmond Fed Mfg Index (-9, -5.0), 1000ET
• Fed Speak:
  • SF Fed Daly LinkedIn interview at 1230ET, stated support of 75bp hike in July late last Friday.
• Tsy Auctions: wrapping up supply ahead month end and extended 4th of July weekend holiday:
  • US Tsy $40B 7Y Note (91282CEV9) auction at 1300ET
  • US Tsy 4W and 8W bill auctions Thursday at 1130ET
• Geopol: Keeping eye on NATO summit this evening in Madrid, Spain as leaders attempt to convince Erdogan to drop his block on the NATO membership bids of Sweden and Finland before the key summit.