Agenda
| Time | Indicator/Event | Comment |
| 02:30 | Kroszner (FOMC voter) | On the financial markets |
| 04:00 | Rosengren (FOMC non-voter) | On future regulatory reform |
| 09:45 | Freddie Mac bill auction | $3 billion 3-part auction; includes $1 billion year-bill |
| 11:00 | 3- yr and 10-yr (r) note announcement | $2 billion increase in each maturity possible |
| 11:00 | 4-week bill announcement | A small increase possible |
| 11:00 | Kohn (FOMC voter) | On regulatory panel |
| 13:00 | 3- and 6-month bill auction | $1 billion reduction in each maturity; $54 billion offering |
| Fannie Mae note announcement | Monthly scheduled announcement |
The Money Market Observer
Monday, Dec 8 This week's newsletter continues our examination of the implications of the growth in excess reserves over the past couple of months. This week's installment looks at what the Fed's data tell us about the distribution of excess reserves among different groups of banks, and how that distribution has been reflected in the recent behavior of the funds rate. more »
Economic Indicators
This week’s economic calendar is relatively light until the end of the week. The highest-profile indicator on the schedule is retail sales, which is due on Friday. Other scheduled indicators include pending home sales tomorrow, international trade on Thursday and the PPI on Friday. more »
Federal Reserve Operations & the Overnight Market
Fed Open Market Operations We think the Desk will continue to roll over its routine $25 billion draining operation this morning. more »
Fed Funds Monitor It remains unclear how the funds rate will evolve this week, but we have lowered our forecasts for the coming days to 0.20% in reponse to the extreme softness prior to the weekend. more »
Treasury Finance
The Treasury will make two important coupon announcements this morning: the second installment of its new monthly 3-year note cycle and the regular December 10-year note reopening. The fiscal plans filtering out of the new Administration’s transition team indicate that the Treasury’s long-term borrowing requirement in calendar year 2009 will be, if anything, even larger than the Treasury feared at the time of the November refunding. more »
Daily Press Summary (pdf)
ICAP's i-Recap Report for Monday, Dec 8 The i-Recap report provides relevant market news from Dow Jones Newswires 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 »
i-Recap Report Archive go »
