(Bloomberg) -- Bond investors come into this week with yields across the curve just off their year-to-date highs and braced for the impact from heavy Treasury and corporate issuance amid month-end positioning. 

There’s also a heavy slate of economic data and Fed speakers, with the PCE data released on Thursday to be heavily scrutinized, as it contains the Federal Reserve’s favored inflation gauge. US central bank speakers are expected to lean into the narrative that has resonated of late, that the Fed doesn’t feel pressure to begin cutting rates anytime soon.

  • Economic data:
    • Feb. 26: New home sales; Dallas Fed manufacturing activity
    • Feb. 27: Durable/capital goods; House price index; FHFA house price index; S&P CoreLogic home price index; Richmond Fed manufacturing; Conference Board consumer confidence/expectations; Richmond Fed business conditions; Dallas Fed services activity
    • Feb. 28: MBA mortgage applications; GDP; Personal consumption; GDP price; Core PCE price; advance goods trade balance; retail/wholesale inventories
    • Feb. 29: Personal income/spending; PCE deflator; PCE Core deflation; initial jobless claims; MNI Chicago PMI; pending home sales; Kansas City Fed manufacturing activity
    • Mar. 1: S&P Global US manufacturing PMI; construction spending; University of Michigan sentiment/current conditions/expectations; ISM manufacturing/prices paid/employment; Kansas City services activity; Ward total auto sales
  • Fed calendar:
    • Feb. 26: Kansas City Fed President Jeff Schmid
    • Feb. 27: Fed Vice Chair for Supervision Michael Barr
    • Feb. 28: Atlanta Fed President Raphael Bostic; Boston Fed President Susan Collins; New York Fed President John Williams
    • Feb. 29: Bostic; Chicago Fed President Austan Goolsbee; Cleveland Fed President Loretta Mester; Williams
    • March 1: Fed Governor Christopher Waller; Bostic;San Francisco Fed President Mary Daly; Fed Governor Adriana Kugler
  • Auction calendar:
    • Feb. 26: 13-, 26-week bills; two- and five-year notes
    • Feb. 27: 42-day cash management bills; seven-year notes
    • Feb. 28: 17-week bills
    • Feb. 29: 4-, 8-week bills


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