Bond Buyers Look To Facts, Auctions

On Monday, the U.S. Treasury is set to auction $39 billion in 13-week bills and $33 billion in 26-week bills.
Meanwhile, investors will also be looking out for the Empire State Manufacturing survey, slated to come out at 8.30 a.m.
Last Friday, data revealed that consumer prices remained unchanged in June and retail sales fell for the second straight month.
The economic news is likely to dampen expectations of strong economic growth in the second quarter; with investors wondering what this may mean for rate hike strategy by the Federal Reserve going forward.
Oil futures were posting minor gains in morning trade, boosted by signs that growth of rigs looking for crude in the U.S. was slowing down.

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