Time | Indicator/Event | Comment |
---|---|---|
07:00 | MBA mortgage prch. index | Up last week despite jump in rates; reversal? |
08:30 | Durable goods | Big increase expected in March, led by aircraft |
11:30 | 2-yr FRN auction | $30 billion offering |
11:30 | 17-wk bill auction | $60 billion offering |
13:00 | 5-yr note auction | $70 billion offering |
Economic Indicator Preview for Wednesday, April 24, 2024
The March durable goods report will come out at 8:30 this morning.
Treasury Highlights for Wednesday, April 24, 2024
The daily pattern of tax collections last week differed significantly from our forecast, but the cumulative total was only modestly stronger than we expected. The outlook for the remainder of the month remains very uncertain, however. Looking ahead to the inaugural Treasury buyback announcement that is due to be included in next Wednesday’s refunding statement, this week’s MMO recaps our earlier discussions of the proposed program. Finally, the Fed’s semiannual financial stability report on Friday afternoon included some interesting details on BTFP usage, which was even more broadly based than we would have guessed.