One More Day To Go
By:
Matthew Graham
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Last Friday's data (jobs report and ISM) marked the last significant calendar event until this week's CPI, due out tomorrow at 8:30am ET. The intervening time has seen an increasingly narrow, sideways trend in rates.
The only potential for any noticeable volatility in terms of scheduled events comes from the Treasury auction cycle. With the final auction occurring after tomorrow's CPI and the first auction already out of the way, that leaves today's 10yr auction as the last hurdle before receiving the week's big news.