Agenda
| Time | Indicator/Event | Comment |
| 08:30 | Nonfarm payrolls | Some payback for strong December payrolls, dip in the jobless rate |
| 10:00 | ISM non-mfg report | Moderate increase led by rebound in employment |
| 10:00 | Factory orders | Solid gain led by strong durables |
| 10:15 | Fed Treasury coupon sale | May 2012 to November 2012 maturities |
Intraday Updates
[8:30 Data] The January employment report was considerably stronger than we expected, and bodes well for the months ahead.
[10:00 Data] The ISM non-manufacturing report was very encouraging, as both employment and new orders spiked in January. The inventory data in this morning's factory orders report were softer than expected, suggesting that the inventory contribution to Q4 GDP won't be quite as large as originally reported. more »
Economic Indicators
The January employment report at 8:30 is the highlight of this morning’s calendar, but the market will also keep an eye on the ISM non-manufacturing survey at 10:00. more »
Federal Reserve Operations & the Overnight Market
Fed Open Market Operations Correction: the Fed will conduct the first outright sale of the month this morning, which will cover issues with remaining maturities of 3 months to 10 months. We had originally listed today's operation as a purchase in the 20- to 30-year maturity sector. more »
Fed Funds Monitor Fed funds data tables more »
Fed Data There were no major surprises in the Fed’s balance sheet data for the latest week. The Fed’s custody holdings of Treasury securities climbed for a third straight week. The maturity composition of dealer inventories of Treasury securities moved sharply in the week ending January 25. more »
Treasury Finance
Treasury cash flows table more »
The Money Market Observer
Monday, Jan 30 One of the lessons from last week’s FOMC statement is that more information doesn’t always result in greater clarity. The inclusion of explicit rate forecasts in the FOMC’s quarterly economic projections was supposed to make the policy process more transparent, but the FOMC in the end decided that the market would need some help from the policy statement to interpret the new information correctly. We cannot be sure at this point exactly why the Fed was reluctant to allow the data to speak for themselves, but it is possible that the FOMC was conscious of the limitations of consensus-style surveys as a gauge of collective expectations. more »
Daily Press Summary (pdf)
Inside Debt Daily for Friday, Feb 3 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 »
