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What to Watch: Wholesale Trade/Inv, Fed Speak

US TSYS
  • Treasuries are trading weaker, off recent lows: Jun'24 10Y 108-29 (-3.5) on decent volume (TYM4>510k). Current levels near the middle of the week's narrow range with little economic data to trade off of since last Friday's NFP miss.
  • Data: Wholesale Trade Sales/Inventories out at 1000ET. Reported earlier: MBA composite mortgage applications increased a seasonally adjusted 2.6% last week after two declines averaging 2.5%
  • Trio of scheduled Fed speakers: Fed VC Jefferson moderated discussion careers in economics at 1100ET, Boston Fed Collins fireside discussion with MIT students at 1145ET, Fed Gov Cook on financial stability at Brookings Inst, Q&A at 1330ET.
  • US Treasury supply continues with $60B 17W Bill auction at 1130ET, $42B 10Y Note auction (91282CKQ3) at 1300ET.
  • Corporate earnings after the close: HubSpot Inc, Airbnb, AppLovin, Duolingo, AMC Entertainment.

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