Agenda
| Time | Indicator/Event | Comment |
| 09:55 | U. Michigan cons. sent., early | Some improvement expected in early May |
| 10:00 | Leading indicators | Surge in building permits boosts index |
| 10:15 | Fed Treasury coupon purchase | February 2018 to February 2019 maturities |
| 13:45 | Kocherlakota (FOMC non-voter) | On monetary policy panel |
Intraday Updates
[10:00 Data] The Reuters/University of Michigan consumer sentiment index finally put its fiscal-cliff concerns behind it in May. As expected, the index of leading economic indicators got a boost from yesterday's strong building permits data. more »
Economic Indicators
The two reports on this morning’s calendar are the Reuters/University of Michigan consumer sentiment index and the index of leading economic indicators. Both should be superficially strong – especially leading indicators. more »
Federal Reserve Operations & the Overnight Market
Fed Open Market Operations The Desk today will conduct a purchase in the 4 ¾- to 5 ¾-year maturity range. more »
Overnight Funding Monitor Daily GCF repo forecasts more »
Fed Data The weekly reserve data were uneventful. Reserve balances continued to grow in line with expectations, and probably approached the $2 trillion mark for the first time yesterday. The Fed’s custody holdings of Treasury securities for foreign central banks rebounded sharply after a modest (but still unusual) three week slide starting in late April. more »
Treasury Finance
Treasury cash flows table more »
The Money Market Observer
Monday, May 13 We have updated our Treasury financing outlook in light of last week’s GSE dividend announcements. The projected deadline for a debt ceiling increase keeps being pushed back; we now think the Treasury might not run out of headroom until November. Bill issuance in general is likely to remain negative for months to come, but the supply of bills may stabilize temporarily from next week through mid-June for seasonal reasons. The Treasury is likely to suspend issuance of state and local government securities either this week or next. more »
Daily Press Summary (pdf)
ICAP's Inside Debt Report for Friday, May 17 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 »
