CPI data release, bond issuances, and Fed's speech will attract market attention🙃

This coming week will see little reprieve for the bond market, with the all important CPI due on Wednesday, while traders will also have to contend with $90bln of UST supply and $25bln of US IG issuance during the week. Furthermore, the ongoing TGA rebuild and QT will continue to drain liquidity on the margin, as we saw one of the fastest pace of central bank balance sheet withdrawals in June. A healthy line up of Fed speakers (SF Fed Daly, Cleveland Fed Mester, Atlanta Fed Bostic, Richmond Fed Barkin, Minneapolis Fed Kashkari, Governor Chris Waller) are also due to speak over the next few days, and expectations are for them to validate the current rate trajectory.

#bond #CPIData #UST #centralbank #Federal