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What to Watch: NAHB Housing Data, Spending Bill Deadline Friday

US TSYS

Tsys weaker, extending lows into the NY open (30YY 3.6232% +.0782 - December 5 high), light pre-holiday volumes (TYH3 just over 210k).

  • No scheduled Fed speakers today, limited data with NAHB Housing Market Index (34 est) at 1000ET.
  • US Tsy auctions: $54B 13W and $45B 26W bills at 1130ET.
  • Politics: President Joe Biden hosts Ecuadorian President Guillermo Lasso at the White House later today.
  • This Wednesday, House of Representatives’ January 6 Committee set to deliver its report on the storming of the US Capitol building by supporters of former President Donald Trump in 2021.
  • On Friday: Deadline for Congress to reach an agreement on a year-long omnibus spending bill to avoid a shutdown of the federal government hits Friday at 23:59:59.

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