Traders are entering a data-packed Monday, July 27, 2026, with durable goods orders scheduled to arrive before the market opens and a slate of Treasury auctions and regional manufacturing reads to follow. The durable goods release is widely watched for what it reveals about manufacturing health, transportation demand and business investment plans.
Key scheduled releases
- 7:30 AM ET - Durable Goods Orders: Forecast 1.6%, Previous -4.5%. This measures the change in the total value of new orders for long-lasting manufactured goods, including transportation items, and is used to gauge manufacturing activity and future output.
- 7:30 AM ET - Core Durable Goods Orders: Forecast 0.9%, Previous 1.4%. This series excludes volatile transportation components and offers a clearer view of the underlying trend in durable goods demand.
- 9:00 AM ET - Atlanta Fed GDPNow: Forecast 1.7%, Previous 1.7%. This is a running estimate of real GDP growth for the current quarter, updated as incoming data are released.
- 12:00 PM ET - 2-Year Note Auction: Previous 4.189%. The yield at auction helps indicate investor demand for short-dated Treasury notes and reflects expectations for near-term interest rates.
- 12:00 PM ET - 5-Year Note Auction: Previous 4.200%. The result of this auction sheds light on medium-term rate expectations and market appetite for intermediate Treasury debt.
Additional readings and auctions
- 7:30 AM ET - Durables Excluding Defense: Previous -4.6%. This variant strips defense-related orders to show broader civilian manufacturing demand.
- 7:30 AM ET - Goods Orders Non Defense Ex Air: Previous 1.4%. This tracks nondefense capital goods orders excluding aircraft and is commonly used as a proxy for business investment intentions.
- 9:30 AM ET - Dallas Fed Manufacturing Business Index: Previous 0.0. The index surveys Texas factory activity across output, employment and orders to assess regional manufacturing trends.
- 10:30 AM ET - 3-Month Bill Auction: Previous 3.730%. Short-term bill yields reflect immediate borrowing costs and short-horizon interest-rate views.
- 10:30 AM ET - 6-Month Bill Auction: Previous 3.835%. The six-month bill yield provides an additional snapshot of short-term government borrowing costs.
Together, the durable goods figures and the suite of Treasury auctions will feed into market estimates of industrial activity and borrowing conditions. The durable goods report, which includes a prominent transportation component, is often interpreted as an early indicator of capital spending and production trends. Core durables, which removes transportation volatility, is used by market participants seeking a steadier signal of manufacturing demand.
The scheduled Treasury auctions - notably the two-year and five-year notes - provide a contemporaneous measure of investor demand for U.S. government debt and will be monitored alongside the economic releases. Prevailing yields from prior auctions are recorded at 4.189% for the two-year and 4.200% for the five-year, and market participants will watch auction results for any shifts in interest-rate expectations.
Regional indicators, such as the Dallas Fed manufacturing index, and short-term bill auctions also populate the calendar and offer additional context for traders assessing growth and liquidity across the curve. The Atlanta Fed GDPNow estimate remains at a forecast of 1.7%, unchanged from its previous reading, representing one running gauge of quarterly growth dynamics.
Investors and analysts will parse the mix of these data points to update views on business investment trends, factory output momentum and the evolving backdrop for interest rates. The sequence and timing of releases - clustered in the morning and early afternoon - mean market responses could unfold quickly as figures and auction results are digested throughout the trading day.
Given the concentration of manufacturing and Treasury data on the calendar, market participants are likely to focus on how durable goods orders and the associated core series align with expectations, and whether auction results modify demand signals for government debt.