10 Jul Quiet day
Markets are starting the day relatively quiet as there are no economic reports scheduled today. The bond market will have a $32 billion 3 yea note auction later today, but interest rates are holding to the low side for now. Tomorrow brings the FOMC minutes for a glimpse inside the conversations of the Fed member’s differing views regarding monetary policy, and Friday has the Producer Price Index scheduled. Other than that, it’s watching for any surprises from Europe for now. We will still suggest locking at these incredibly low levels on short term transactions.