| Time | Indicator/Event | Comment |
|---|---|---|
| 08:30 | Durable goods | Solid increase expected in June |
| 09:00 | S&P CoreLogic Case-Shiller HPI | No letup in house price gains in May |
| 09:00 | FHFA house price index | No letup in house price gains in May |
| 10:00 | Consumer confidence | Mild pullback expected this month |
| 10:00 | Richmond Fed index | Manufacturing surveys remain generally strong |
| 11:00 | 1- and 2-month bill announcement | No changes expected |
| 11:00 | 17-week CMB announcement | No changes expected |
| 11:30 | 6-week CMB auction | $20 billion offering |
| 13:00 | 5-yr note auction | $61 billion offering |
Economic Indicator Preview for Tuesday, July 27, 2021
The June durable goods report is scheduled for 8:30 this morning, and the May house price indexes (Case-Shiller and FHFA) will follow at 9:00. This month’s editions of the consumer confidence index and the Richmond Fed manufacturing index will be released at 10:00.
Fed Highlights for Tuesday, July 27, 2021
Today's Treasury coupon purchase schedule:
Treasury Highlights for Tuesday, July 27, 2021
11:00 am: 1- and 2-month bill announcements
11:00 am: 17-week CMB announcement
11:30 am: 6-week CMB auction
1:00 pm: 5-year note auction
The Treasury officially kicked off this summer’s debt ceiling festivities late on Friday afternoon when it informed Congress that it would have to suspend the sale of state and local government securities at the end of this week and invoke “extraordinary measures” next Monday. This week’s newsletter updates our estimates of the amount of borrowing authority the Treasury is likely to have available in the months ahead and the size of the bill paydowns that will be required if Congress is slow to act. We also provide a brief recap of earlier comments about the prospects for news on the Fed taper front in this week’s FOMC announcement.)
