Traders prepare for a packed economic schedule on Monday, August 31, 2026, when several regional manufacturing indicators and Treasury bill auctions could influence market tone. The Chicago Purchasing Managers' Index (PMI) and the Dallas Fed Manufacturing Business Index are the focal points among regional releases, offering snapshots of manufacturing activity in the Midwest and Texas respectively.
Regional manufacturing data to steer early trading
The Chicago PMI, scheduled for 8:45 AM ET, comes into the day with a forecast of 57.8 and a prior reading of 57.6. The index measures manufacturing-sector conditions in the Chicago region; readings above 50 denote expansion, while levels below 50 signal contraction. A reading at or around the forecast would indicate continued expansion in the region's factories.
Shortly after, at 9:30 AM ET, the Dallas Fed Manufacturing Business Index will report its latest reading. The prior value stands at 1.3. The Dallas Fed survey captures changes in output, employment, orders, and prices among Texas firms, with positive values interpreted as expansionary.
Treasury bill auctions and money-market signals
Also on the calendar are two short-term Treasury bill auctions at 10:30 AM ET: the 3-month bill and the 6-month bill. The most recent yields recorded were 3.715% for the 3-month bill and 3.790% for the 6-month bill. These auctions provide a real-time read on investor demand for short-duration government paper and can influence short-term funding rates and money-market conditions.
Market snapshot
Market indicators referenced in advance material list moves for short-term Treasuries: US3MT=X +1.54% and US6MT=X +2.00%. These nominal percentage markers reflect the quoted snapshot included with the economic calendar information ahead of Monday's releases.
For market participants, the combination of regional manufacturing readings and Treasury bill auction results will be watched for both directional signals in factory activity and any shifts in short-term funding dynamics. While the Chicago PMI and the Dallas Fed index are regional in scope, they are commonly used as timely gauges of broader manufacturing momentum across the United States.