Overview: Mon, July 24

Daily Agenda

Time Indicator/Event Comment
09:45Markit mfg PMI (flash)Steady in the low 50s
09:45Markit services PMI (flash)Steady in the mid 50s
10:00Existing home salesPending sales index points to decline in existing home sales in June
11:004-week bill announcementAnother $45 billion offering likely
11:303- and 6-month bill auctionSteady at current levels
15:00Treasury investor class auction dataMid-July data

This Week's MMO

  • MMO for July 17, 2017

    The continued softness in consumer prices will probably keep the Fed from raising rates again until 2018, but should not stand in the way of launching the balance sheet unwind in the months ahead.

MMO Analysis