Overview: Tue, September 21

Daily Agenda

Time Indicator/Event Comment
08:30Housing startsSingle-family starts and permits probably declined in August
08:30US current accountMild narrowing in the deficit in Q2
11:001- and 2-month bill announcementNo changes expected
11:0017-week CMB announcementNo changes expected
13:0020-yr bond (r) auction
$24 billion offering

US Economy

Federal Reserve and the Overnight Market

Treasury Finance

This Week's MMO

  • MMO for September 20, 2021


    Last week’s tax flow data didn’t alter the debt ceiling outlook greatly.  Revenue trends remain positive, but our tentative guess is still that the Treasury will hit a wall by the end of October.  On the Fed front, we still expect this Wednesday’s FOMC statement to put the market on notice that a taper is likely as soon as November if economic trends remain positive.

MMO Analysis