| Time | Indicator/Event | Comment |
|---|---|---|
| 10:00 | ISM services PMI | Little change expected in May |
| 10:00 | Factory orders | Small increase in April |
| 11:30 | 13- and 26-week bill auction | $65 billion and $58 billion respectively |
| 13:00 | CMB auction | $50 billion of 44-day bills |
| 13:30 | Mester (FOMC non-voter) | Gives opening remarks at Cleveland Fed conference |
Economic Indicator Preview for Monday, June 5, 2023
The ISM services survey will come out at 10:00 this morning.
Treasury Highlights for Monday, June 5, 2023
The Treasury’s CMB announcements on Friday morning signalled a faster TGA build-up in the second half of June than we assumed a week ago. This week's 4- and 8-week bill announcements on Tuesday should shed some additional light on the Treasury’s strategy for the rest of the month. Also, this week’s MMO discusses the debt ceiling outlook for 2025 -- because it’s never too early to start speculating about the next X-date.
