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What to Watch: US Data, ECB Central Bank Forum

US TSYS
  • US rates trading mildly weaker ahead a solid round of data this morning. Muted summer volumes overnight (TYU3 <225k) as markets await Durable & Capital Goods orders at 0830ET.
  • House Price index and New Home Sales at 0900ET and 1000ET respectively. Conf. Board Consumer Confidence and Richmond Fed Mfg Index also at 1000ET followed by Dallas Fed Services Activity at 1030ET.
  • Treasury auctions continue: $50B 42D Bill CMB auction at 1130ET, $43B 5Y Note auction (91282CHK0) at 1300ET.
  • While there are no scheduled Fed speakers again today, focus on ECB Central Bank Forum underway in Sintra. Fed Chair Powell, ECB Lagarde, BOJ Ueda and BOE Bailey on policy panel event Wednesday at 0930ET.
  • Also of interest, the Federal Reserve Board annual bank stress tests results will be tomorrow afternoon at 1630ET.
  • Month/quarter end extension trade expected later in the week/ahead upcoming Independence day holidays (early close next Monday, markets closed Tuesday, July 4).

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