Agenda
| Time | Indicator/Event | Comment |
| 00:00 | Manpower survey | Deep gloom |
| 07:30 | NFIB index | Business conditions collapsing |
| 10:00 | IBD/TIPP consumer confidence index | Wiping away November's anomalous gain |
| 10:00 | Pending home sales | Another big decline this month |
| 13:00 | 4-week bill auction | $6 billion reduction to $30 billion |
| 15:00 | Treasury investor class auction data | November data |
| 15:00 | TSLF announcement | $37.5 billion Schedule 2 operation scheduled |
| 17:00 | ABC consumer comfort index | Still sliding |
| Weekly chain store surveys | Mediocre in early December |
Intraday Updates
The National Association of Realtor's pending home sales index fell by much less than feared in October, while the Investors Business Daily economic optimism index was in line with expectations. more »
Economic Indicators
Pending home sales and the IDB/TIPP economic optimism index are both due at 10:00 this morning. There weren’t many home sales pending in October, and there certainly isn’t much economic optimism in December. We look for declines in both series. more »
Federal Reserve Operations & the Overnight Market
Fed Open Market Operations The Desk is likely to roll over both its regular $25 billion of overnight reverse RPs and its $20 billion of 28-day forward MBS repos this morning. more »
Fed Funds Monitor We have lowered our forecasts for the remainder of the current maintenance period in response to the behavior of funds in yesterday's session. more »
Treasury Finance
The Treasury will sell just $30 billion of 4-week bills today, down from last week’s record of $36 billion. The auction will result in a net paydown of $4 billion, which will offset all of the new cash raised in yesterday’s 3- and 6-month bills. more »
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 »
Daily Press Summary (pdf)
ICAP's i-Recap Report for Tuesday, Dec 9 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 »
