Fed speakers and $69 billion Treasury auction mark busy U.S. economic day

The U.S. economic calendar features a $69 billion 2-year Treasury auction at 1:00 PM ET, positioned as a significant test for the front end of the Treasury curve. The release coincides with remarks from Federal Reserve officials John Williams and Philip Jefferson, who are scheduled to speak at 10:00 AM ET and 10:20 AM ET, respectively. Tom Barkin is also set to address markets at 1:00 PM ET.

Earlier in the day, the ADP employment estimate will be released at 8:15 AM ET. At 10:00 AM ET, the Richmond Fed will publish manufacturing and services data, while AutoZone holds its earnings call. The schedule concludes with the API oil inventories report at 4:30 PM ET.