Morning, Traders!
It is Monday the 14th of August, and we have a quiet start to the week.
Here are some things to look out for today.
Sentiment
Treasury yields reversed a previous rise as news of China's property woes eroded investor confidence in global markets.
The Chinese yuan fell to its weakest level this year, while the Japanese yen reversed five days of losses against the US dollar and outperformed all of its G-10 currency peers on Monday.
An increasing number of economists, including the Federal Reserve's own staff, believe the United States will avoid a recession, though no one can be certain until well into 2024.
Joe Biden is leading an administration-wide effort to commemorate the one-year anniversary of the Democrats' Inflation Reduction Act, the success of which officials hope will fuel the president's reelection bid.
Docket
11:30 AM ET
US sells $69 bln 3-Month Bills
US sells $62 bln 6-Month Bills
Good luck!
