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What to Watch

US TSYS
  • Relatively quiet start to the week with London out for the Coronation, Treasury futures inching lower on light volume (TYM3<200k), front month 10Y futures nearing Friday's low of 115-13.5; rebound in bank stocks helping stocks gain (SPZ Eminis +7.0 at 4157.25).
  • Limited session data at 1000ET: Wholesale Trade Sales/inventories, trading desks eager to see this afternoon's Fed Sr Loan Officer opinion survey at 1400ET and May 2023 Financial Stability report at 1600ET.
  • Data focus for the week is on Wednesday's CPI, PPI on Thursday.
  • President Biden, house speaker McCarthy to discuss debt ceiling tomorrow.
  • Fed speak: MN Fed Kashkari panel discussion on minimum wage at 1645ET

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