Agenda
| Time | Indicator/Event | Comment |
| 08:30 | Nonfarm payrolls | Private payrolls flat, unemployment rate up to 9.7%? |
| 10:00 | ISM non-mfg report | Essentially flat at moderate level |
| 10:00 | Lockhart (FOMC non-voter) | On the economy |
Economic Indicators
This morning’s calendar features the August employment report 8:30 and the ISM non-manufacturing survey at 10:00. The ISM non-manufacturing survey often has less market impact in months when it comes out after the employment report, but we expect traders to pay attention to both releases this morning. With the economic data as noisy as they have been in recent weeks, the market is looking for any clues it can find about the direction of the economy. more »
Federal Reserve Operations & the Overnight Market
Fed Funds Monitor Fed funds data tables more »
Fed Data As expected, an increase in the Treasury deposit pushed excess reserve balances briefly below $1 trillion around the turn of the month. A strong Treasury cash position should nudge reserve balances down again in the second half of the month. Also, last night's custody data suggested that foreign central banks continue to pour massive amounts of cash into the Treasury market. more »
Treasury Finance
Treasury cash flows table more »
The Money Market Observer
Monday, Aug 30 Chairman Bernanke on Friday embraced a new kind of terminology in discussing the Fed’s options for responding to disappointing economic data. The Fed in recent years has generally relied on a risk management paradigm to analyze the use of its conventional tools. In his Jackson Hole speech, Bernanke adopted a cost-benefit framework instead. For now, the Fed thinks the costs of each of the major policy options available to it outweigh the benefits in the current environment. If economic conditions were to deteriorate, the benefits of certain policy options would grow and the costs might decline. more »
Daily Press Summary (pdf)
Inside Debt Daily for Thursday, Sep 2 The Inside Debt Daily provides relevant market news and market segment commentary from Thomson Reuters and data from ICAP and Wrightson ICAP in a take-home, easy-to-read format highlighting key developments which could impact the capital markets the ensuing trading day. Download a PDF file of the most recent report now. go »
Daily Press and Pricing Archive go »
