wricaplogo

Overview: Tue, June 02

Daily Agenda

Time Indicator/Event Comment
11:001- and 2-month bill announcementLikely steady at current levels
11:00CMB announcement15- and 22-week bills
11:30CMB auctions6- and 17-week bills
Dom & imp. auto salesSubstantial rebound in May

US Economy

Federal Reserve and the Overnight Market

  • Fed Highlights for Tuesday, June 2, 2020

     

    Today's updated operational schedule:

    Repo Operations

    • 8:30 am: up to $500 billion of overnight RPs

    Treasury Coupon Purchases

    • 10:30 am: 7- to-20-year sector, for around $2 billion
    • 11:20 am: TIPS 1- to 7.5-year sector, for around $1 billion

     

Treasury Finance

This Week's MMO

  • MMO for June 1, 2020

    We have updated our Treasury borrowing forecasts for the summer months.  Under conservative federal deficit assumptions, Treasury bill offering sizes will decline only modestly in the third quarter.  Under less conservative assumptions, they will not decline at all.

MMO Analysis