| Time | Indicator/Event | Comment |
|---|---|---|
| 06:00 | NFIB index | Down a little in May |
| 08:30 | International trade | Somewhat smaller deficit in April |
| 09:20 | Fed bill purchase | 4- to 12-month maturities |
| 10:00 | Wholesale inventories | Solid increase in April |
| 10:00 | Existing home sales | Increase expected in May |
| 11:00 | 4-, 8- and 17-wk bill announcement | No changes expected |
| 11:30 | 6- and 52-wk bill auction | $65 billion and $50 billion offerings |
| 13:00 | 3-yr note auction | $58 billion offering |
| 14:00 | Treasury buyback (liq support) | Nominal coupons 10Y to 20Y |
Treasury Highlights for Tuesday, June 9, 2026
Economic Indicator Preview for Tuesday, June 9, 2026
The full international trade report for April will be released at 8:30 this morning. The May existing home sales report is scheduled to come out at 10:00.
Friday’s employment report shifted the Fed policy calculus meaningfully. The market, quite reasonably, interpreted the report as a sign that the FOMC was likely to face pressure to raise rates by the fourth quarter of this year – and we agree. Our earlier concerns about potential labor market fragility have been put to rest (for the time being, at least), leaving persistent inflation risks as the Fed’s dominant policy concern.
