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Overview: Tue, September 18

Daily Agenda

Time Indicator/Event Comment
10:00NAHB indexGradual downtrend may continue this month
11:304-week bill auctionReduced by $5 billion to $40 billion
16:00Tsy intl cap flowsJuly data

Intraday Updates

US Economy

Federal Reserve and the Overnight Market

Treasury Finance

This Week's MMO

  • MMO for September 17, 2018

    A number of FOMC members in recent weeks have weighed in on the debate over the importance of yield curve signals for the monetary policy outlook.  While they are uniformly respectful of the forecasting track record of yield curve indicators, most FOMC members are reluctant (for now) to commit to a “no-inversion” rule.  We have a lot of sympathy for that view.  It may well be true that “this time is different” are the four most dangerous words in finance, but assuming that the future will be exactly the same as the past can be nearly as hazardous.  

MMO Analysis