Daily Summary

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for Tuesday, April 28, 2015

Agenda

TimeIndicator/EventComment
09:00S&P/Case-Shiller home price indexSolid gain in February
10:00Consumer confidenceSlight decline this month from high March level
10:00ECI revisionsMay smooth out some of the Q1 2014 softness
10:00Richmond Fed indexMay rebound this month from steep March decline
11:301-month and year-bill auctionBoth offerings unchanged
13:005-yr note auctionSteady at $35 billion
 Weekly chain store surveys 

Economic Indicators

We expect the S&P/Case-Shiller index, at 9:00, to look similar to last week’s FHFA report, with a solid price rise in February. At 10:00, the Conference Board’s consumer confidence index is expected to retreat slightly from a high March level. Finally, we look for the Richmond Fed factory index (also at 10:00) to reverse a steep March decline that probably reflected adverse weather. more »

Federal Reserve Operations & the Overnight Market

Fed Open Market Operations Reserve balance and reverse RP tables more »

Overnight Funding Monitor Daily GCF repo forecasts more »

Treasury Finance

Today’s auctions: 4- and 52-week bills, 5-year notes more »

The Money Market Observer

Monday, Apr 27 This week’s FOMC policy statement probably won’t shed much light on June-versus-September (or is that September-versus-December now?), but it will mark an important milestone in the evolution of Fed policy. The Fed will finally retire its calendar-based forward guidance and make the transition to a data-dependent, meeting-by-meeting approach. That inevitably implies greater uncertainty about the outcome of individual meetings, but does not necessarily imply greater overall uncertainty about the medium-term outlook for Fed policy. more »

Daily Press Summary (pdf)

ICAP's Inside Debt Report for Monday, Apr 27 ICAP's Inside Debt provides relevant end-of-day news summaries and market sector commentary from Reuters for the FOREX, Treasuries, Corporates and Equities markets, a 3 pm EST market snapshot pricing of all market sectors from ICAP and economic data from Wrightson ICAP in a take-home, easy-to-read format. Download a PDF file of the most recent report now. go »

Daily Press Summary Archive go »

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