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What to Watch: Inventories, Housing Data, Fed VC Barr on Bank Oversight

US TSYS
  • Treasury futures are trading modestly weaker, climbing off late overnight lows (TYM3 at 114-25, -6.5 vs. 114-18 low) in the leadup to a flurry of second-tier data that kicks off with Wholesale/Retail Inventories and Advance Goods Trade Balance at 0830ET
  • Home price data at 0900ET is followed by Consumer Confidence, Richmond and Dallas Fed activity index metrics.
  • Federal Reserve Vice Chair Barr is scheduled to testify on bank oversight to the Senate Banking Panel at 1000ET: Livestreamed and Link to testimony
  • Next round of Treasury auctions: $30B 7-day CMB at 1130ET followed by $43B 5Y Note auction (91282CGT2) and $45B 17-day CMB auction at 1300ET.

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