Overview: Tue, October 25

Daily Agenda

Time Indicator/Event Comment
09:00FHFA house price index55th straight monthly increase in August
09:00S&P CoreLogic Case-Shiller HPI August should see first increase since March
10:00Consumer confidenceShould pull back a bit from very strong September reading
10:00IBD/TIPP economic optimism indexLittle change expected in this month's belated survey
10:00Richmond Fed indexMay hold steady in negative territory this month
11:304-week bill auction$5 billion increase to $50 billion
13:002-yr note auction22nd consecutive $26 billion offering
13:20Lockhart (FOMC non-voter)On community development

Intraday Updates

US Economy

  • Economic Indicator Preview for Tuesday, October 25, 2016

    The Case-Shiller and FHFA home price indexes are both expected to rise in today’s August reports, while the Conference Board’s consumer confidence index for October seems likely to retreat from last month’s nine-year high.  The Richmond Fed’s manufacturing index is expected to remain in negative territory.

Federal Reserve and the Overnight Market

Treasury Finance

This Week's MMO

  • MMO for October 24, 2016

    The Treasury has asked for market feedback on the possibility of replacing its monthly 7-year note auctions with a combination of quarterly new issues and scheduled reopenings.  Our guess is that any such shift would leave the aggregate supply of new 7-year notes essentially unchanged, while allowing the Treasury to improve liquidity in that sector by concentrating the existing supply in fewer CUSIPs.

Federal Reserve Commentary

MMO Analysis