Agenda
| Time | Indicator/Event | Comment |
| 07:00 | MBA mortgage prch. index | Can the Thanksgiving week surge be maintained? |
| 09:45 | Fannie Mae bill auction | $2 billion in 3- and 6-month bills |
| 10:00 | Wholesale inventories | Small gain possible |
| 11:30 | Treasury cash management bill auction | $20 billion in 278-day bills |
| 13:00 | 3-year note auction | Up $1 billion to $28 billion |
| 14:00 | TSLF auction | $37.5 billion Schedule 2 operation |
| 14:00 | US budget | CBO expects deficit of more than $400 billion in first two months of FY09 |
| 15:00 | TSLF announcement | $25 billion Schedule 1 operation expected |
Economic Indicators
On a light day for economic data, the market will keep an eye on the weekly mortgage applications data. more »
Federal Reserve Operations & the Overnight Market
Fed Open Market Operations We look for another routine overnight reverse RP this morning. more »
Fed Funds Monitor We expect the funds rate to continue to bounce around at a very low level in today's session. more »
Treasury Finance
The Treasury will sell $20 billion of 278-day bills at 11:30 this morning and $28 billion of 3-year notes at 1:00. Also, it will release its monthly budget statement for November at 2:00. The monthly statement is likely to show another huge monthly deficit, and will also give us an update on the pace of Treasury purchases of mortgage-backed securities. 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 Wednesday, Dec 10 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 »
