Financial markets remain extremely volatile, a trend that is expected to continue. Last week mortgage rates were significantly higher than those the at the close of the week prior. The most meaningful economic reports of the week will be on the last two days of the week with Jobless Claims on Thursday and Consumer Sentiment on Friday. Also of importance this week are the Treasury auctions with this week's cycle being the more relevant 3, 10, and 30yr terms. That gives Tuesday a bit more bite, at least in the afternoon (because without the 3yr auction, Date | Time (ET) | Statistic | For | Market Expects | Prior |
07/08/13 | 03:00:00 PM | May | $13.2B | $11.1B | |
07/09/13 | 01:15:00 PM | 3-year Treasury Note Auction | - | - | - |
07/10/13 | 01:15:00 PM | 10-year Treasury Note Auction | - | - | - |
07/10/13 | 02:00:00 PM | FOMC Minutes | 06/19/13 | - | - |
07/11/13 | 08:30:00 AM | 07/06/13 | 345K | 343K | |
07/11/13 | 01:15:00 PM | 30-year Treasury Bond Auction | - | - | - |
07/12/13 | 08:30:00 AM | Jun | 0.30% | 0.50% | |
07/12/13 | 08:30:00 AM | Core PPI | Jun | 0.10% | 0.10% |
07/12/13 | 09:55:00 AM | Mich Sentiment | Jul | 84.8 | 84.1 |