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No Economic Indicators are scheduled for release today.
Treasury Three-Year Note Yield Rises From Near Lowest in 2010 Before Sale Treasuries fell, pushing the yield on three-year notes up from almost the lowest level this year. Prices of U.S. Treasury securities gave up early gains to trade near flat, as demand for safe assets eased and upcoming new government debt supply weighed on the market. Bond prices rose when Fitch Ratings said the U.K. faces a “formidable” challenge in putting its public finances in order, fueling investor anxiety over the euro-zone’s sovereign debt problems. The U.S. bond market is bracing itself for this week’s $70 billion new Treasury notes and bonds supply. The Treasury will sell $36 billion in an auction of three-year notes at 1 p.m. EDT, followed by $21 billion of 10-year notes Wednesday and $13 billion in 30-year bonds Thursday.
Testy Tuesday: Gentle Ben vs. Reality: Behold the power of prayer! Federal Reserve Chairman Ben Bernanke said Monday he is hopeful the economy will gain traction and not fall back into a “double dip” recession. “My best guess is we will have a continued recovery, but it won’t feel terrific,” Bernanke said.

Bernanke Says Fed Likely to Increase Rates Before Full Employment in U.S. Federal Reserve Chairman Ben S. Bernanke said the U.S. recovery probably won’t quickly bring down the unemployment rate, which is likely to stay “high for a while.” Traders don’t expect the Fed to start raising rates until the first quarter of 2011, based on futures on the Chicago Board of Trade.

Fed’s Duke Says `Burdened’ U.S. Consumers May Be Slow to Return U.S. consumers, who acquired too much debt during the housing boom and then watched their wealth shrink, are likely to be reluctant to return to free-spending ways soon, Federal Reserve Governor Elizabeth Duke said.

Economic Indicator News Release Calendar for the weeks ahead
Tuesday, June 8
United States
Date Value Consensus Forecast Previous
7:45 AM Chain Store Sales Snapshot 6/5/2010 n/a n/a -0.8%
5:00 PM ABC News/Washington Post Consumer Comfort Index 6/6/2010 n/a n/a -45

Wednesday, June 9
United States
Date Value Consensus Forecast Previous
10:00 AM Wholesale Trade (MWTR) April n/a n/a 0.4%
10:30 AM Oil and Gas Inventories 6/4/2010 n/a n/a 365.1 mil barrels
2:00 PM Beige Book May

Thursday, June 10
United States
Date Value Consensus Forecast Previous
8:30 AM Jobless Claims 6/5/2010 n/a n/a 460,000
8:30 AM International Trade (FT900) April n/a n/a -$40.4 bil
2:00 PM Treasury Budget* May n/a n/a -$82.7 bil

Friday, June 11
United States
Date Value Consensus Forecast Previous
8:30 AM Retail Sales May n/a n/a 0.4%
10:00 AM University of Michigan Consumer Sentiment Survey
June n/a n/a 73.6
10:00 AM Business Inventories (MTIS) April n/a n/a 0.4%
10:30 AM ECRI Weekly Leading Index 6/4/2010 n/a n/a 127.3

Tuesday, June 15
United States
Date Value Consensus Forecast Previous
7:45 AM Chain Store Sales Snapshot 6/12/2010 n/a n/a -0.8%
8:30 AM Import and Export Prices May n/a n/a 0.9%
8:30 AM NY Empire State Manufacturing Survey June n/a n/a 19.1
9:00 AM Treasury International Capital Flows April n/a n/a $140.5 bil
1:00 PM NAHB Housing Market Index June n/a n/a 22
5:00 PM ABC News/Washington Post Consumer Comfort Index 6/13/2010 n/a n/a -45

Wednesday, June 16
United States
Date Value Consensus Forecast Previous
8:30 AM Producer Price Index May n/a n/a -0.1%
8:30 AM New Residential Construction (C20) May n/a n/a 0.672 mil
9:15 AM Industrial Production May n/a n/a 0.8%

Thursday, June 17
United States
Date Value Consensus Forecast Previous
8:30 AM Current Account 2010Q1 n/a n/a -$115.6 bil
8:30 AM Jobless Claims 6/12/2010 n/a n/a 460,000
8:30 AM Consumer Price Index May n/a n/a -0.1%
10:00 AM The Conference Board Leading Indicators May n/a n/a -0.1%
10:00 AM Philadelphia Fed Survey June n/a n/a 21.4

Friday, June 18
United States
Date Value Consensus Forecast Previous
10:00 AM Risk of Recession May n/a n/a 23%
10:30 AM ECRI Weekly Leading Index 6/11/2010 n/a n/a 127.3

Tuesday, June 22
United States
Date Value Consensus Forecast Previous
7:45 AM Chain Store Sales Snapshot 6/19/2010 n/a n/a -0.8%
10:00 AM Existing-Home Sales May n/a n/a 5.77 mil
10:00 AM FHFA Purchase-Only House Price Index April n/a -2.4% -2.2%
10:00 AM Richmond Fed Manufacturing Survey June n/a n/a 26
5:00 PM ABC News/Washington Post Consumer Comfort Index 6/20/2010 n/a n/a -45

Wednesday, June 23
United States
Date Value Consensus Forecast Previous
10:00 AM New-Home Sales (C25) May n/a n/a 504,000
10:30 AM Oil and Gas Inventories 6/18/2010 n/a n/a 365.1 mil barrels
2:15 PM FOMC Monetary Policy June n/a n/a 0.0-0.25%

Thursday, June 24
United States
Date Value Consensus Forecast Previous
8:30 AM Jobless Claims 6/19/2010 n/a n/a 460,000
8:30 AM Durable Goods (Advance) May n/a n/a 2.9%
11:00 AM Kansas City Fed Manufacturing Survey June n/a n/a 5

Friday, June 25
United States
Date Value Consensus Forecast Previous
8:30 AM GDP 2010Q1 3.4% 3.4% 3.0%
10:00 AM University of Michigan Consumer Sentiment Survey June n/a n/a 73.6
10:30 AM ECRI Weekly Leading Index 6/18/2010 n/a n/a 127.3

Monday, June 28
United States
Date Value Consensus Forecast Previous
8:30 AM Chicago Fed National Activity Index May n/a n/a 0.29
8:30 AM Personal Income May n/a n/a 0.4%

Tuesday, June 29
United States
Date Value Consensus Forecast Previous
7:45 AM Chain Store Sales Snapshot 6/26/2010 n/a n/a -0.8%
9:00 AM S&P/Case-Shiller® Home Price Indexes April n/a n/a 2.3
10:00 AM The Conference Board Consumer Confidence June n/a n/a 63.3
5:00 PM ABC News/Washington Post Consumer Comfort Index 6/27/2010 n/a n/a -45

Wednesday, June 30
United States
Date Value Consensus Forecast Previous
8:30 AM ISM – NY Report June n/a n/a 449.3 index
9:45 AM ISM-Chicago June n/a n/a 59.7
10:30 AM Oil and Gas Inventories 6/25/2010 n/a n/a 365.1 mil barrels

This entry was posted on Tuesday, June 8th, 2010 at 12:54 pm and is filed under HEADLINE NEWS, MORTGAGE NEWS. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.