This Week’s Economic Calendar:
Tuesday;
9:00 am Case/Shiller 20 city home price index (+2.9%)
10:00 am Consumer confidence index (58.5 frm 57.9 in Apr)
FHFA housing price index (N/A)
1:00 $42B 2 yr note auction
Wednesday;
8:30 am Apr durable goods orders (+1.4%; ex transportation orders +0.6%)
10:00 am Apr new home sales (+4.3% to 425K annualized)
1:00 pm $40B 5 yr note auction
Thursday;
8:30 am weekly jobless claims (-16K to 455K)
Q1 prelim GDP (+3.3% frm +3.2% on the advance report a month ago)
1:00 pm $31B 7 yr note auction
Friday;
8:30 am Apr personal income and spending (income +0.4%, spending +0.3%)
9:45 am May Chicago purchasing mgrs index (60.0 frm 63.8)
9:55 am U. of Michigan consumer sentiment index (73.2 frm 73.3)
2:00 pm Early Close in bonds and mortgages (Memorial Day on Monday)