Treasuries are slightly higher across the curve this morning from Friday'sclose. The UST10-Year yield is currently at 2.377% after closing at 2.386% prior.
Today's economic calendar kicks off the week quietly, without any major market movers. Labor Market Conditions Index for June is expected to rise slightly higher to 2.50 from 2.30 prior, and Consumer Credit for May is expected to show a $13.50 Billion increase in outstanding credit from April. There is one scheduled Fed Speak from San Francisco Fed President Williams who will speak to business economists in Sydney, Australia at 8:00 PM (PT).
This week the market will focus its attention on Fed Chairwoman Yellen's testimony before the House and Senate on Wednesday and Thursday for comments regarding the weak trend for inflation and future policy. The remainder of this week's economic calendar also consists of more significant data, including Tuesday'sNFIB Small Business Optimism for June and final reading of Wholesale Inventories for May, Wednesday's US Federal Reserves' release of the latest Beige Book, Thursday'sPPI Final Demand for June and Monthly Budget Statement for June, and Friday'sCPI and Retail Sales both for the month of June.
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Today's economic calendar kicks off the week quietly, without any major market movers. Labor Market Conditions Index for June is expected to rise slightly higher to 2.50 from 2.30 prior, and Consumer Credit for May is expected to show a $13.50 Billion increase in outstanding credit from April. There is one scheduled Fed Speak from San Francisco Fed President Williams who will speak to business economists in Sydney, Australia at 8:00 PM (PT).
This week the market will focus its attention on Fed Chairwoman Yellen's testimony before the House and Senate on Wednesday and Thursday for comments regarding the weak trend for inflation and future policy. The remainder of this week's economic calendar also consists of more significant data, including Tuesday's NFIB Small Business Optimism for June and final reading of Wholesale Inventories for May, Wednesday's US Federal Reserves' release of the latest Beige Book, Thursday's PPI Final Demand for June and Monthly Budget Statement for June, and Friday's CPI and Retail Sales both for the month of June.
The curve has bull-flattened with the UST 10-Year down 0.9 bp from prior closing.