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What to Watch: Build Permits, IP/Cap-U, Fed Speak W/ Powell

US TSYS
  • Treasury futures weaker but inching off recent lows (TYM4 currently 107-26 vs. 107-21 low, -7.5) heading into the NY open, heavier overnight volumes (TYM4 appr 600k already) as stocks gain on the back of positive earnings from MS, UnitedHealth, PNC and BoA this morning. JB Hunt, United Airlines and Interactive Brokers announce after the close.
  • Focus turns to US Building Permits and Housing Starts data at 0830ET. followed by Industrial Production/Capacity Utilization at 0915ET.
  • US Treasury auctions $65B 42D CMB and $46B 52W Bills at 1130ET.
  • Scheduled Fed speak:
    • Fed VC Jefferson keynote at monetary policy forum (text, no Q&A) at 0900ET
    • NY Fed Williams moderated discussion w/ ECB Villeroy (no text) at 1230ET
    • Richmond Fed Barkin economic outlook (no text, Q&A), 1300ET
    • Fed Chairman Powell moderated Q&A w/ BoC Macklem, 1315ET
    • Boston Fed Collins, corporate director conf, expected to repeat speech from last week's Economic Club of NY event. at 1630ET.

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