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What to Watch: Treasury Refunding Estimates

US TSYS
  • Quiet start to the new week, today's lone data point: Dallas Fed Mfg Activity at 1030ET.
  • US Treasury's quarterly borrowing estimates expected later today at 1500ET (the quarterly refunding announcement will be Wednesday morning at 0830ET).
  • The main focus on Wednesday afternoon's FOMC policy annc, ADP private employment data early Wednesday and Non-Farm payrolls next Friday.
  • Treasury supply centered on bills this week, $75B 13W, $68B 26W auctions this morning at 1130ET.
  • Corporate bond issuance picking up as banks exit earnings blackout.
  • Geopol risk factors continue after Israel ground assault against Hamas in Gaza started over weekend.

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