Agenda
| Time | Indicator/Event | Comment |
| 07:30 | NFIB index | Essentially flat |
| 08:30 | Retail sales | Non-auto sales up on gas and department stores |
| 10:00 | Business inventories | Retail stocks rise less than factory or wholesale inventories |
| 10:00 | IBD/TIPP consumer confidence index | Flat in August |
| 11:30 | 4-week bill auction | Reduced by $5 billion to $30 billion |
| 17:00 | ABC consumer comfort index | Still moving sideways |
| FHLB note announcement | Monthly scheduled announcement | |
| Weekly chain store surveys | So-so start to September |
Intraday Updates
[7:30 Data] The NFIB small business optimism index improved slightly in August, but remains extremely weak in absolute terms.
[8:30 Data] Our forecast for retail sales was somewhat more optimistic than the market consensus, and the actual figures came in slightly better than we had anticipated.
[10:00 Data] The IBD/TIPP economic optimism index broke a 3-month slide in September. Business inventories rose by more than expected in July, but the surprise all came from the noisy retail auto series. more »
Economic Indicators
This morning’s retail sales report should be one the stronger items on this week’s economic calendar. We expect solid gains in general merchandise sales to contribute to a bounce-back in overall sales from a soft July. Other items on the calendar include the NFIB’s small business optimism index at the start of the session, and the IBD/TIPP consumer confidence index and business inventories at 10:00. more »
Federal Reserve Operations & the Overnight Market
Fed Open Market Operations The operations schedule released by the Desk yesterday indicated that the Fed’s reinvestment operations will be even more heavily concentrated in the 4- to 10-year sector than we had anticipated. more »
Fed Funds Monitor Fed funds data tables more »
Treasury Finance
The Treasury cut today’s 4-week bill offering less aggressively than we anticipated. more »
The Money Market Observer
Monday, Sep 13 The TIPS market got a lift at the end of the week from reports that the major benchmark indexes might be expanded to include inflation-indexed bonds. The prospects for the inclusion of TIPS are uncertain, as is the likely timeframe for any such change. If TIPS are eventually added to the index, it is likely that the index managers would take care to minimize any disruptions for index end-users in making the transition. At the margin, the inclusion of real return bonds in the major indexes might make the Treasury even more ambitious in its planned expansion of 5-year TIPS issuance in 2011. more »
Daily Press Summary (pdf)
Inside Debt Daily for Tuesday, Sep 14 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 »
