Two appearances from Fed Chair Jerome Powell, alongside the newly-increased run of Treasury bond auctions, will come amid a dearth of corporate earnings and data releases this week.
Wall Street will look to hold onto the best rally of the year this week as investors face a five-day run bereft of headline risks put packed appearances from with Federal Reserve officials that could challenge the market's consensus that global interest rates have peaked.
Powell is also slated to speak at the Jacques Polak Annual Research Conference at 2:00 pm eastern time Thursday. Markets will hear from Fed Governors Lisa Cook today, as well as Christopher Waller and Philip Jefferson Thursday, with Dallas Fed President Lorie Logan slated to speak Tuesday. The Treasury, which is tasked with providing regular and predictable funding at the least possible cost to taxpayers, said it will conduct auctions of $48 billion for 3-year notes, the first of which will come Tuesday, $40 billion for 10-year notes, which start on Wednesday $24 billion in 30-year bonds, the first of which is slated for Thursday.
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