Traders and market participants enter Monday, July 13, 2026, with multiple scheduled events that could shape asset prices and investor sentiment. The day includes a meeting of OPEC to decide production quotas, the publication of the Federal Budget Balance, comments from Federal Reserve Governors Michelle W. Bowman and Christopher Waller, and auctions of short-term Treasury bills.
Overview of the schedule
No events rated as 3-star are listed for the day. Beyond that, several items of note are set to be released or occur during U.S. market hours.
- 4:25 AM ET - FOMC Member Bowman Speaks - Federal Reserve Governor Michelle W. Bowman is scheduled to deliver remarks that may offer insight into the central bank's policy stance.
- 5:00 AM ET - OPEC Meeting - Delegations from 13 oil-producing nations will meet to discuss the oil market and determine production levels; the outcome is relevant to nearly 40% of global oil supply.
- 10:30 AM ET - 3-Month Bill Auction - The Treasury will auction 3-month bills; the previous auction yield was 3.735 percent.
- 10:30 AM ET - 6-Month Bill Auction - The Treasury will also auction 6-month bills; the prior yield stood at 3.830 percent.
- 11:30 AM ET - Fed Waller Speaks - Federal Reserve Governor Christopher Waller will address economic and monetary policy matters.
- 1:00 PM ET - Federal Budget Balance - The monthly Federal Budget Balance will be reported; the prior reading showed a deficit of -$293.0 billion.
Why these items matter
The OPEC meeting will directly inform supply-side dynamics in global oil markets given the participating nations' significant share of production. The Federal Budget Balance provides a snapshot of the U.S. government's fiscal position, with the previous month registering a $293.0 billion deficit. Comments from Fed officials may shed light on the central bank's near-term policy considerations. Short-term Treasury auctions offer a view into demand for government debt and current borrowing costs, with recent yields for 3-month and 6-month bills at 3.735 percent and 3.830 percent respectively.
What market participants will watch closely
- Any OPEC decision on production levels and the language around supply adjustments.
- Details in the Federal Budget Balance that could affect fiscal outlooks and deficit trajectories.
- Tone and content of remarks from Governors Bowman and Waller for signals on monetary policy.
- Demand and yield movements at the 3-month and 6-month Treasury bill auctions.
Given the clustering of fiscal, monetary, and energy events, market observers will parse each release and comment for implications on oil prices, interest rates, and investor risk appetites. The sequence of events may produce market reactions as new information is digested across asset classes.