July 20th, 2009 12:52 AM by Eric Fang
1)Monday.June's Leading Economic Indicators (LEI) at 10:00 AM.It is expected to show a 0.5% increase, meaning thatwe may see noticeable increase in economic activity over the next few months. A decline in the index would be good news for the bond and mortgage markets.
2)Tuesday & Wednesday.Bernanke will speak before the House Financial Services Committee Tuesday morning and the Senate Banking Committee Wednesday morning at 10:00am ET.
3)Friday.Final revision to July's University of Michigan Index of Consumer Sentiment. Unless we see a drastic revision to the preliminary estimate, the markets will probably shrug this news off.