Consumer Confidence Index (Conference Board)
Also late tomorrow morning will be the release of June's Consumer Confidence Index (CCI). This data is relevant to the financial markets because it measures consumer willingness to spend. If consumers are more confident about their own financial and employment situations, they are more apt to make large purchases in the near future, fueling economic growth. If it shows a sizable increase in confidence from last month, we can expect to see a negative reaction in bonds and mortgage rates. Current forecasts are calling for a reading of 132.0, down from last month's 134.1 reading. The lower the reading, the better the news it is for bonds and mortgage rates.