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What to Watch

US TSYS
  • Treasury futures met some resistance after extending late overnight highs, Block sales in 2s and 30s and rate lock hedging reported.
  • Focus on upcoming housing data at 0830ET: Building Permits (1.55M rev, 1.45M); MoM (15.8% rev, -6.5%) and Housing Starts (1.45M, 1.40M); MoM (9.8%, -3.5%) as ell as NY Fed Services Business Activity (-10.1, --).
  • Fed speakers on tap: Atlanta Fed Pres Bostic interview on CNBC at 1100ET and Fed Gov Bowman discusses digital currency, text, moderated Q&A at 1300ET.
  • Equity earnings resume after the close: NFLX, UAL:, WMT.

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