• With Treasuries on track for their worst month this year, a hefty slate of auctions looms as a major test of whether yields have peaked after reaching the highest levels of 2024.
• Investors are bracing for a tricky week, even beyond the risk of further volatility because of tensions in the Mideast. The market must absorb a combined $183 billion calendar of two-, five- and seven-year note sales — the first two of which will be at record levels — before a crucial inflation reading at the end of the week that will help shape expectations for the Federal Reserve’s path.