Daily Summary

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for Thursday, July 29, 2010

Agenda

TimeIndicator/EventComment
08:30Jobless claimsSeasonal rebound continues for another week
08:30Continuing claimsSee-saw pattern tilts up this week
11:003- and 6-month bill announcementLikely steady at $30 billion apiece
11:00Kansas City Fed indexFlattish in July
13:007-yr note auction3rd consecutive $1 billion reduction; $29 billion offering
13:20Fisher (FOMC non-voter)On the U.S. economy
 Freddie Mac note announcementMonthly scheduled announcement

Intraday Updates

[8:30 Data]  Initial jobless claims were lower than expected in the week of July 24.  While one week's numbers rarely mean much, this morning's figures were at least mildly encouraging.

[11:00 Data]  The Kansas City Fed factory survey rebounded slightly more in July than we had hoped. more »

Economic Indicators

Initial jobless claims are the highest-profile indicator on this morning’s economic calendar.  The schedule also includes the Kansas City Fed’s regional factory survey at 11:00. more »

Federal Reserve Operations & the Overnight Market

Fed Open Market Operations Excess reserve forecast table more »

Fed Funds Monitor Fed funds data tables more »

Treasury Finance

The Treasury will hold the last of this week’s auctions this afternoon at 1:00 and will announce the first of next week’s sales at 11:00.  Today’s 7-year note offering has been cut by $1 billion from last month, while Monday’s 3- and 6-month bills are likely to be unchanged at $30 billion apiece. more »

The Money Market Observer

Monday, Jul 26 The Treasury will hold its quarterly financing meetings with dealers this week in preparation for the August refunding.  The government’s borrowing outlook is extraordinarily uncertain at present for a variety of reasons, ranging from soft-patch concerns about the economy to the fact that nobody has a clue what the tax code will look like on January 1.  The possible termination of the Supplementary Financing Program early next year is an additional complication, as the debt managers would like to ensure that the financial system has access to an adequate supply of Treasury bills. more »

Daily Press Summary (pdf)

Inside Debt Daily for Thursday, Jul 29 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 »

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