Agenda
| Time | Indicator/Event | Comment |
| 08:30 | Chicago Fed NAI | Almost back to trend in July |
| 08:30 | Freddie Mac bill auction | Weekly bill announcement |
| 10:15 | Fed Treasury coupon purchase | August 2018 to August 2020 maturities |
| 11:00 | 4-week bill announcement | Likely steady at $40 billion |
| 11:30 | 3- and 6-month bill auction | 4th consecutive $60 billion offering |
The Money Market Observer
Monday, Aug 20
The Treasury’s revised plans for the GSE wind-down prompted a number of customer questions on Friday, a couple of which we answer in this week’s newsletter. Also, this week’s MMO includes a quarterly update on the amount of cash held in transactions accounts eligible for unlimited FDIC insurance under the terms of the Dodd Frank Act. The aggregate amount of Dodd Frank balances grew very little in the second quarter, but remains large enough to have a significant impact on bill and repo rates if the eventual expiration of the unlimited coverage leads to large deposit outflows.
Intraday Updates
[8:30 Data] The Chicago Fed's national tracking index continues to fluctuate in a range that it just below its long-term trend. more »
Economic Indicators
This week’s economic calendar is very light. Today’s schedule is limited to the Chicago Fed’s national tracking index at 8:30. The highlights for the rest of the week include existing home sales on Wednesday, the Markit purchasing managers index on Thursday and durable goods on Friday. The general tone of the data is likely to be consistent with sluggish but positive growth. more »
Federal Reserve Operations & the Overnight Market
Fed Open Market Operations This week's outright operation schedule will start with a purchase of 6- to 8-year maturities today. more »
Overnight Funding Monitor Daily GCF repo forecasts more »
Treasury Finance
In addition to the regular weekly bills, this week’s calendar includes a year-bill auction tomorrow and a 5-year TIPS reopening on Thursday. The terms of the month-end nominal notes will also be announced on Thursday, with the auctions slated to run from next Tuesday through Thursday. more »
Daily Press Summary (pdf)
ICAP's Inside Debt Report for Monday, Aug 20 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 »
