yields dipped briefly Treasury Action: yields dipped briefly following the plunge in consumer confidence in June, which marked the lowest level since September 2014. But stocks continue to churn in shallow positive territory and yields quickly stabilized again. The T-note yield probed 2.25% from 2.266% session highs after rising from 2.21% lows yesterday ahead of the 2.17% July low . The 2s-10s spread continues to steepen back out to the +160 bp area. The dollar slipped.
U.S. Consumer Confidence Preview U.S. Consumer Confidence Preview: July consumer confidence should reveal a decline to 100.0 (median 100.0) from 101.4 in June. This would come along side a decline in Michigan Sentiment to 93.3 in the first July release from 96.1 in June. The IBD/TIPP poll for the month managed to hold steady at 48.1 for a second month.
Redbook Store Sales data reported Week of 7/25 Redbook Store Sales up 1.0% for the year
U.S. S&P Case-Shiller home price preview: U.S. S&P Case-Shiller home price preview: Case-Shiller home prices are forecast to rise 1.7% to 180.2 in May from 177.0 in April. For more detail on home price trends, see our new home sales report.