Morning, Traders!
It is Monday the 27th of February. Here are some things to look out for today.
Sentiment
This morning, Treasury yields rose slightly, and the dollar index was little changed, as investors increased their forecasts for Fed rate hikes in the wake of data showing that inflation remains high.
Bond yields in the United Kingdom and Europe rose as markets increased their bets on further regional policy tightening. European stocks rose, while US equity futures rose.
Docket
8:30 AM ET
US Durable Goods January Prelim
Median Forecast: -4% | Prior: 5.6% | Range: 0.6% / -5.6%
10:00 AM ET
US Pending Home Sales Change MoM for January
Median Forecast: 1% | Prior: 2.5% | Range: 2.9% / -1.2%
11:30 AM ET
US sells $60 bln 3-Month Bills
US sells $48 bln 6-Month Bills
Speakers
10:30 AM ET
Fed's Jefferson discusses inflation and the dual mandate during a virtual event hosted by Harvard.
Text: yes. Q&A: yes, with the audience.
10:45 AM ET
ECB's De Cos speaks at a forum organized by the European Investment Bank.
12:00 PM ET
ECB's Lane gives a lecture on “macro-financial stability in the EU: some lessons on the occasion of fifty years of Irish membership of the EU” in Frankfurt.
Good luck!
