Overview: Wed, August 12

Daily Agenda

Time Indicator/Event Comment
07:00MBA mortgage prch. indexUsually declines in August on monthly-average basis
08:30CPIAbove-trend rise in July, led by energy
10:00Rosengren (FOMC non-voter)

Discusses economy and current financial conditions

11:00Kaplan (FOMC voter)Takes part in Q&A with Lubbock Chamber of Commerce
11:30CMB auctions15- and 22-week bills
13:0010-yr note auction$38 billion offering
14:00US budgetCBO estimates a $61 billion deficit for July
15:00Daly (FOMC non-voter)Takes part in virtual discussion on economy
18:00Kaplan (FOMC voter)

On economy and Covid-19

Intraday Updates

US Economy

Federal Reserve and the Overnight Market

Treasury Finance

  • Treasury Highlights for Thursday, August 13, 2020

    11:00 am:  3- and 6-month bill announcements
    11:00 am:  6-, 17- and 39-week CMB announcements
    11:00 am:  30-year TIPS reopening and 20-year bond announcements
    11:30 am:  1- and 2-month bill auctions
    1:00 pm:  30-year bond auction

This Week's MMO

  • MMO for August 10, 2020

    This week’s newsletter is a stripped-down, dog-days-of-August edition that is limited to a few observations about last week’s Treasury refunding outlook.  The Treasury made it clear last week that its $800 billion notional assumption for the September 30 level of the TGA was not a target or even a particularly likely outcome; the odds are good that the actual quarter-end balance will be higher. 

MMO Analysis