The Treasury auction calendar for this week contains the weekly Bill auctions along with $16 billion 5-year TIPS. Next week will be an active auction week as 2-year fixed and floating along with 5 and 7-year auctions are scheduled.
The economic calendar for the week ahead is loaded with significant indicators. Today’s NAHB Housing Market Index for August reported a 55, stronger than the expected 53 which was the prior July number. Tomorrow CPI for July is expected to be 0.1% after last month’s 0.26% broke a string of increasing values going back to March. In addition to CPI, Housing starts are expected to rise to a 966k from the prior 893k while an increase in the Building Permits release is expected to be 1,000k. Wednesday is the focal point of the week as the Fed will release the meeting notes of the July 29th / 30th FOMC meeting. Following Wednesday’s release, August 16th Initial Jobless (2520k expected), the Philadelphia Fed Business Outlook (19.4 vs. the prior 23.9), Existing Home Sales (5.01m exp. vs. 5.04m prior) and the Conference Board U.S. Leading Indicator Index (0.6% exp.) will close out the week.
Source: S&P Dow Jones Indices, data as of 8/15/2014
This article was written by Kevin Horan, director fixed income indices, S&P Dow Jones Indices.
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