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What to Watch: Housing Data, Fed Speak

US TSYS
  • Treasury futures bouncing, no headline driver as rates follow UK Gilts higher. Futures have unwound Monday's shortened session move, currently back near early Friday levels with front month 10Y futures tapping 113-10.5 high (+9), yield 3.7323% low.
  • Upcoming data: Housing Starts, Building Permits and Philadelphia Fed Non-Manufacturing Activity at 0830ET.
  • Fed Speak: NY Fed Williams and Fed VC Barr at a NY Fed conference, moderated Q&A at 1145ET. Main focus is on Fed Chairman Powell as he delivers his semi-annual congressional testimony before the House Financial Services Committee on Wednesday at 1000ET, and the Senate Banking Committee on Thursday at 1000ET.
  • Treasury auctions: $65B 13W, $58B 26W bill auctions at 1130ET; $50B 42D CMB auction at 1300ET.

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