Market awaits tomorrow’s inflation update

Market awaits tomorrow’s inflation update

Aug. 9:

This morning, the Dow traded up slightly and there was very little change in rates relative to Tuesday morning.

Economic calendar

Thursday, Aug. 10

  • Consumer Price Index
  • Weekly Initial Jobless Claims
  • Monthly Budget Statement

Friday, Aug. 11

  • Producer Price Index
  • University of Michigan Consumer Sentiment

Treasury calendar

Tuesday, Aug. 8

  • Yesterday’s $42 billion auction of three-year Treasury notes resulted in a yield of 4.398%, with demand slightly higher than at the previous such auction.

Wednesday, Aug. 9

  • $38 billion auction of 10-year Treasury notes

Thursday, Aug. 10

  • $23 billion auction of 30-year Treasury bonds

By Mike Kraft, Executive Director and Commercial Real Estate Treasurer for Commercial Banking

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