|08:30||Chicago Fed NAI||Well above trend in October|
|10:00||Existing home sales||Mild decline expected in October|
|11:30||4-week bill auction||Reduced by $5 billion to $45 billion|
|11:30||2-yr FRN (r) auction||$13 billion offering|
|18:00||Yellen||At New York University's Stern Business School|
Our forecast of 0.35 for this month’s Chicago national tracking index would be the highest reading since April. Today’s calendar also includes existing home sales, which we expect to have declined mildly in October.
Today’s bill auction: 4-week bills
Today’s coupon auction: 2-year FRN reopening
We have produced a slightly abbreviated newsletter to match this week’s holiday-abbreviated schedule. The current issue of the MMO includes a handful of routine data updates covering money fund repo investments with foreign banks, the rate paid on the Fed’s internal RRP pool for foreign official institutions, and domestic holdings of reserve balances as of September 30.