What to Watch: Speaker Pelosi Asia Tour Stops, Fed Speak

Tsy futures moderately bid across the board in lead up to NY open, near middle of overnight range on decent volumes w/ TYU2 just over 410k at the moment. Curves flatter but off lows after extending inversions Mon, 2s10s -31.033.

• Geopol: Taiwan, China Engage In Military Posturing As Pelosi Visit Approaches: Number of headlines hitting wires regarding potential military posturing by both Taiwan and China ahead of US House Speaker Nancy Pelosi's anticipated visit to Taiwan.
• Fed speakers round out thin economic data schedule:
  • SF Fed Daly interview on CNBC at 0945ET
  • Chicago Fed Evans media breakfast at 1000ET
  • Cleveland Fed Mester Washington Post live interview, 1300ET
  • StL Fed Bullard, on economy/mon-pol w/ Money Marketeers, 1845ET
• Data coming up at 1000ET (prior, est):
  • JOLTS Job Openings (11.254M, 11.000M)
  • Wards Total Vehicle Sales throughout the session (13.0M, 13.40M)
• Treasury auctions: Details of Thu's 4- and 8W bill sales anncd midmorning. Next Tsy quarterly refunding next Wed, Aug 3 at 0830ET.
• Cross asset: Stocks mildly weaker (SPX eminis -24.25 at 4096.25) as flood of earnings continues, Spot Gold gains +7.27 at 1779.45, small bounce in Crude after Mon's rout (WTI -3.02 at 95.60).