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What to Watch

US TSYS
  • Limited data today, NFIB Small Business Optimism reported earlier at 91.9 vs. 90.6 prior read, while Trade Balance figures expected at the bottom of the hour (-64.9B est vs. -64.3B prior). Markets awaiting CPI/PPI on Thursday/Friday.
  • Fed speak: Fed Vice Chair Michael Barr attends a moderated discussion on bank regulation at 1200ET, no text but Q&A is expected.
  • US treasury auctions: $70B 42 Day CMB auction at 1130ET, followed by $52B 3Y Notes (91282CJT9) at 1300ET.
  • Politics: former Pres Trump expected to attend appeals court today re: immunity over federal trial involving Trump’s efforts to remain in power despite losing the 2020 election.

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