• The Empire State manufacturing index for May is scheduled for release at 8:30 a.m. ET. The Empire State index fell sharply in March to negative 11.8, but then surged to 24.6 in April. Analysts are now expecting a reading of 15.0 for May.
• New York Fed President John Williams is set to speak at 8:55 a.m. ET.
• The Treasury is set to auction 3-and 6-month bills at 11:30 a.m. ET.
• The Treasury International Capital report for March will be released at 4:00 p.m. ET.

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