|08:30||Chicago Fed NAI||Moderately stong reading in September|
|10:00||New home sales||Mild increase expected in Sepember|
|10:30||Dallas Fed manufacturing survey||Little change this month|
|11:30||3- and 6-month bill auction||Steady at $54 billion and $51 billion respectively|
The September new home sales report will come out at 10:00 this morning, and this month’s Dallas Fed factory survey will follow at 10:30.
Today's updated operational schedule:
Treasury Coupon Purchases
Today's bill auctions: 3- and 6-month bills
We’ve lowered our projections for Treasury coupon issuance in the coming quarterly cycle. Even in the unlikely event that Congress reaches an agreement on a pandemic relief bill this week, the Treasury has no pressing need for further increases in note and bond auction sizes in the near term. In fact, the Treasury may be looking at coupon auction reductions at some point next year. The composition of any such cutbacks would depend heavily on the outcome of the November election.