Overview: Wed, January 27

Daily Agenda

Time Indicator/Event Comment
07:00MBA mortgage prch. indexSeasonal increase in latest week
08:30Durable goodsModerate increase in December, boosted by aircraft
11:3015- and 22-week CMB auction$25 billion and $30 billion respectively
13:002-yr FRN auction$28 billion offering
14:00FOMC meeting announcementNo change in balance sheet plans
14:30FOMC press conferencePatience is still a virtue; Powell likely to stress that policy will remain supportive for an extended period

Intraday Updates

US Economy

Federal Reserve and the Overnight Market

Treasury Finance

This Week's MMO

  • MMO for January 25, 2021

    This week’s newsletter features a refresher course on the repo-market impact of GSE cash flows in the latter part of each month, along with a discussion of the outlook for the effective fed funds rate in the weeks ahead.

MMO Analysis