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What to Watch

US TSYS
  • Treasury futures trading continue to climb off last week's lows, front month Jun'23 10Y futures mark 115-15 high (+19) nearing pre-retail sales levels from April 14, 10Y yield 3.4334 low.
  • Focus on upcoming data, Philly Fed non-mfg activity kicks things off at the bottom of the hour. FHFA House Price Index and S&P CoreLogic data at 0900ET, New Home Sales, Consumer Confidence and Richmond Fed MFG index at 1000ET.
  • US Treasury coupon issuance resumes with $42B 2Y Note auction (91282CGX3) at 1300ET.
  • The House Rules Committee will begin marking up House Speaker Kevin McCarthy’s (R-CA) ‘Limit, Save, Grow Act’ debt limit package today at 1600ET.

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