Overview: Wed, April 26

Daily Agenda

Time Indicator/Event Comment
07:00MBA mortgage prch. indexReversal of last week's decline?
10:00ECI revisionsSeasonal factor revisions
10:00Retail sales revisionsSeasonal factor revisions and annual benchmarking
11:302-yr FRN auctionNew $15 billion offering
13:005-yr note auctionUnchanged at $34 billion
Reserve maint. period ends

US Economy

Federal Reserve and the Overnight Market

Treasury Finance

This Week's MMO

  • MMO for April 24, 2017

    This week’s advance Q1 GDP report should be quite weak and largely irrelevant.  It is at times like this that we are reminded of an important truth:  friends don’t let friends pay attention to quarterly GDP data.  Also, a brief digression on the possibility of a government shutdown this weekend.  The Treasury’s auction schedule would not be affected, but next week’s economic data releases (including the employment report) could be delayed if Congress can’t reach a compromise.

MMO Analysis