No economic data today and both the equity and bond markets are trading relatively flat versus the close on Thursday. The bond market specifically will be focused on next week’s U.S. debt auctions and the Fed meeting.
The U.S. Treasury will auction $40 billion of 2 year notes on Tuesday, $38 billion of 5 year notes on Wednesday and $30 billion of 7 year notes Thursday. In addition to this supply, the Federal Reserve will be meeting to discuss interest rate policy in a two day meeting, which begins Tuesday and will end Wednesday with the Fed announcement regarding interest rates and prognostication for the economy.
Have a great Father’s Day weekend!
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