Agenda
| Time | Indicator/Event | Comment |
| 08:30 | International trade | Snap-back after holiday distortions last month |
| 08:30 | Jobless claims | Close to last week's encouraging level? |
| 08:30 | Continuing claims | Flat |
| 08:30 | Import prices | Core up modestly, but energy down |
| 09:30 | Bernanke | On bank capital |
| 10:15 | Fed Treasury coupon sale | October 2013 to January 2014 maturities |
| 11:00 | 10-yr (r)TIPS announcement | An unchanged $13 billion offering expected |
| 11:00 | 3- and 6-month bill announcement | 5th consecutive $58 billion offering expected |
| 13:00 | 30-yr bond auction | Unchanged at $16 billion |
| 13:20 | Kocherlakota (FOMC non-voter) | On monetary policy |
| 14:00 | US budget | April data |
Intraday Updates
[8:30 Data] The unemployment insurance claims data were encouraging again this week. The international trade deficit widened a bit more than expected as gross trade volumes soared in March. In the April import price report, energy prices were down more than expected by core prices rose slightly. more »
Economic Indicators
Jobless claims for May 5, international trade for March and the import/export price report for April are all due out at 8:30. We expect the initial claims data to remain near the low end of their year-to-date range, while the international trade deficit is likely to widen significantly. Energy prices should depress the overall import price index, but we expect the core measure to post a modest gain. more »
Federal Reserve Operations & the Overnight Market
Fed Open Market Operations This morning’s outright sale will cover issues with remaining maturities of between 17 months and 21 months. more »
Fed Funds Monitor Fed funds data tables more »
Treasury Finance
The Treasury will wrap up this week’s auctions with the sale of $16 billion of new 30-year bonds this afternoon at 1:00. It will also announce the terms of next week’s 3- and 6-month bills and 10-year TIPS reopening at 11:00. more »
The Money Market Observer
Monday, May 7 The Treasury released its final report on the June 2011 benchmark survey of foreign portfolio investment in U.S. securities last week. Despite the lengthy publication lag, these reports include some interesting details about the distribution of foreign holdings. Among other things, this year’s edition includes a new geographic breakdown of foreign holdings of TIPS. Foreign holdings of agency MBS were little changed in the aggregate, as China’s sales were offset by growing demand in other countries. The average maturity of foreign holdings of long-term U.S. debt instruments in general was flat to up slightly from the previous benchmark survey date. more »
Daily Press Summary (pdf)
ICAP's Inside Debt Report for Thursday, May 10 ICAP's Inside Debt provides relevant end-of-day news summaries and market sector commentary from Reuters for the FOREX, Treasuries, Corporates and Equities markets, a 3 pm EST market snapshot pricing of all market sectors from ICAP and economic data from Wrightson ICAP in a take-home, easy-to-read format. Download a PDF file of the most recent report now. go »
Daily Press Summary Archive go »
