Good morning, Traders!
It is Monday the 8th of August, with a quiet start to the week today.
Here are some things to look out for today
Sentiment
Treasuries fell this morning, with the front end leading the way, as traders assessed the strength of the US economy and Friday's mixed jobs report.
The dollar rose against its group of ten counterparts, with the Japanese yen leading declines.
This morning, the focus will shift to Federal Reserve Bank of Atlanta President Raphael Bostic's commentary on the outlook for Federal Reserve policy, after Governor Michelle Bowman stated over the weekend that further tightening is required.
Bidenomics and a bloated federal budget deficit are boosting the economy, raising hopes that the US will avoid a recession while fueling fears that it will be saddled with too much debt and too much inflation.
A new fiscal showdown is brewing in Washington, threatening to complicate Federal Reserve policymaking and reinforce Fitch Ratings' warning that self-inflicted wounds are tarnishing America's standing in the global economy.
Docket
11:30 AM ET
US sells $67 bln 3-Month Bills
US sells $60 bln 6-Month Bills
3:00 PM ET
US Consumer Credit for June
Median Forecast: 13.55B | Prior: 7.24B | Range: 22.5B / 10B
Speakers
8:30 AM ET
Fed's Bostic & Fed's Bowman Speak at a Fed Listens event.
12:00 PM ET
BoE's Pill Speaks does a live Q&A online.
