Wholesale inventories up 0.3 vs. 0.2% estimated

Sales Performance - June wholesale sales exceeded expectations, rising by 03% month-over-month [1] - This represents the largest month-over-month trade sales increase since March, which saw an increase of 08% [1] - The highest month-over-month increase in sales occurred in February, with a rise of 2% [2] Inventory Levels - The final reading for inventories indicates an increase of 01% [2] - This is a downgrade from the mid-month reading of 02% [2] - The 01% inventory increase matches the level seen in April [3] - To find a higher inventory level, one must go back to March, which saw an increase of 03% [3] - The highest inventory increase this year occurred in January, with a rise of 08% [3] Interest Rates and Bond Auctions - The 10-year interest rate is at 422% [3] - The rate has remained relatively stable in the low 420s for the past three sessions [3] - A 30-year bond auction is scheduled for 1:00 PM Eastern [4] - The 30-year bond auction will be for $25 billion [4] - A historic four-week bill auction is scheduled for $100 billion [4]