
*The Bank of Japan kept all policies steady at their meeting today; rates, asset purchases and loan programs. They did raise their assessment of the economy, but they still see a high degree of uncertainty in the global economy.
*The June reading of the Empire State Manufacturing Index is due out at 7:30am CDT, it is expected to 12.50, down four points from the month before. The Treasury is set to announce at 8:00am CDT the net change in April of foreign holdings of long-term US securities, the TIC data; it is expected to show a net increase of $45.0 billion. The May readings of Industrial Production and Capacity Utilization are due to be released at 8:15am CDT. Production is expected to be +0.1% month on month and the estimate for the Utilization rate is 79.2%, unchanged from the previous month. The preliminary June reading of consumer sentiment from the University of Michigan is due out at 8:55am CDT; it is forecast to be 77.5, down from the May result of 79.3.
*The Fed is scheduled to buy TIPS today that are due to mature between 7/15/18 and 2/15/42; the results of the operation will be announced just after 10:00am CDT.
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