Overview: Tue, August 21

Daily Agenda

Time Indicator/Event Comment
11:304-week bill auctionAnother $70 billion offering

US Economy

Federal Reserve and the Overnight Market

Treasury Finance

This Week's MMO

  • MMO for August 20, 2018

    The effective fed funds rate ticked up a basis point on Thursday to 1.92%.  Our (very tentative) guess is that the effective rate will revert to 1.91% over the next few days, and not shift up permanently to 1.92% until the second half of next month.

MMO Analysis