The monthly Personal Income and Outlays report will be released at 8:30 AM EDT. The consensus for Personal Income is an increase of 0.1% over the previous month, which is the same rate of increase as January. The consensus for Consumer Spending is a 0.3% increase since January, and the consensus Core PCE price index change is an increase of 0.1%, after it was flat in January.
Also, there are auctions of 3 month and 6 month Treasury Bills this morning. The market’s reaction to these auctions should be interesting to watch after lower demand for 10 year notes caused a rise in yields on Friday afternoon.
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