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What to Watch

US TSYS
  • Crowded Fed speaker docket Tuesday, MN Fed Kashkari already interviewed on Bbg at 0730ET didn't relay anything new ("have to let inflation, jobs data guide us", if inflation rises the "Fed's job not done yet").
  • Chicago Fed P{resident Goolsbee on CNBC at the moment, Tsys trading firmer but near overnight levels ahead the cash open.
  • Additional Fed speakers: Fed's Barr Speaks on Financial Technology at 0915ET; Fed's Schmid Speaks at Dallas/Kansas City Energy Conference at 0950ET; Fed's Waller Speaks at St. Louis Fed Conference at 1000ET; Fed's Williams Moderates Discussion in New York at 1200ET; Fed's Logan Participates in Moderated Discussion Dallas/Kansas City Fed Energy Conference at 1325ET.
  • Limited data: Trade Balance at 0830ET, Consumer Credit at 1500ET.
  • Treasury supply: $75B 42D CMB Bill auction at 1130ET followed by $48B 3Y note auction (91282CJK8) at 1300ET.

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