Agenda
| Time | Indicator/Event | Comment |
| 08:30 | International trade | Only a small reversal of last month's widening |
| 08:30 | Jobless claims | Stuck at 475K? |
| 08:30 | Continuing claims | Little movement at the end of August |
| 10:15 | Fed Treasury coupon purchase | February 2013 to July 2014 maturities |
| 11:00 | 3- and 6-month bill announcement | Small reduction possible |
| 13:00 | 30-yr bond (r) auction | Unchanged at $13 billion |
Intraday Updates
Initial jobless claims fell to an 8-week low in the week before Labor Day, but we are treating the data with extreme caution for now. The international trade deficit fell sharply and unexpectedly, making the June spike seem even more like an aberration. more »
Economic Indicators
The only major official statistical indicators of the week are due out at 8:30 this morning. We look for no improvement in the weekly jobless claims report and only a very slight narrowing in the trade deficit. more »
Federal Reserve Operations & the Overnight Market
Fed Open Market Operations The Fed will buy Treasury securities maturing in 2 ½ to 4 years this morning. The size of the operation should not be affected by the increase in prepayment speeds reported on Tuesday night. The Desk is still targeting a total of $18 billion for its first monthly round of purchases. more »
Fed Funds Monitor Fed funds data tables more »
Treasury Finance
The Treasury will announce Monday’s 3- and 6-month bills at 11:00 and will complete its auction schedule for the week with the sale of $13 billion of reopened 30-year bonds at 1:00. more »
The Money Market Observer
Monday, Sep 6 One of the many changes resulting from this summer’s financial reform bill will be a major overhaul of FDIC deposit insurance premiums. The assessment base for deposit insurance premiums will be expanded to include all assets (net of tangible equity) of domestic banks. At the same time, the FDIC is designing a new, more sophisticated formula for calculating premiums for large banks that will enable it to better match insurance fees with the risks that individual institutions pose to the deposit insurance fund. The changes are certain to alter the relative costs of different forms of bank funding, but the precise impact will be difficult to predict until more specifics are announced. Fed funds are one sector that could be affected significantly. Depending on the details, the new framework could push the overnight effective funds rate farther below the interest rate on excess reserves. more »
Daily Press Summary (pdf)
Inside Debt Daily for Thursday, Sep 9 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 »
