Overview: Mon, October 21

Daily Agenda

Time Indicator/Event Comment
11:00Fed outright Treasury coupon purchase

$1.825 billion purchase of coupons maturing in 1.5 to 2.25 years

11:303- and 6-month bill auctionSteady at current levels

US Economy

  • Economic Indicator Preview for Monday, October 21, 2019

    There are no major indicators due out today, but the flow of economic data will pick up a bit starting tomorrow morning.  This week’s highlights include existing and new home sales (tomorrow and Thursday), durable goods (Thursday) and the final reading for this month’s University of Michigan consumer sentiment index (Friday).

Federal Reserve and the Overnight Market

Treasury Finance

This Week's MMO

  • MMO for October 21, 2019

    The Fed’s weekly dealer position data for early October have shown a substantial increase in the amount of longer-term repo funding in the wake of last month’s turmoil in the overnight market.  Separately, this week's MMO takes a look at the maturity composition of the Desk’s bill purchases in the first week of its new large-scale operations.

MMO Analysis