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Overview: Mon, October 23

Daily Agenda

Time Indicator/Event Comment
08:30Chicago Fed NAIBack into the plus column in September
11:004-week bill announcementAnother $40 billion offering expected
11:303- and 6-month bill auctionSteady at $42 billion and $36 billion respectively
15:00Treasury investor class auction dataMid-October data

Intraday Updates

US Economy

Federal Reserve and the Overnight Market

Treasury Finance

This Week's MMO

  • MMO for October 23, 2017

    In the days leading up to the latest FOMC blackout period, Fed officials did nothing to dissuade the market from assuming that a December rate hike was a done deal.  Our guess is that the economic data due out between now and the end of the blackout period will be a mixed bag:  GDP and nonfarm payrolls are likely to be solid, but the average hourly earnings series may give back much of last month’s above-trend surprise.

MMO Analysis