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Overview: Thu, June 12

Daily Agenda

Time Indicator/Event Comment
08:30PPIBack to the plus column in May
08:30Jobless claimsLittle change in the latest week but the trend remains upward
10:00Quarterly services surveyQ1 data
11:006-, 13- and 26-wk bill announcementNo changes expected
11:005-yr TIPS (r) and 20-yr bond (r) announcementIncrease in the TIPS reopening planned
11:304- and 8-wk bill auction$65 billion and $55 billion respectively
13:0030-yr bond (r) auction$22 billion offering
14:00Treasury buyback (liq support)Nominal coupons 2Y to 3Y

Intraday Updates

US Economy

Federal Reserve and the Overnight Market

Treasury Finance

  • Treasury Highlights for Thursday, June 12, 2025

    11:00 am: 6-, 13- and 26-week bill announcements
    11:00 am: TIPS and bond announcement
    11:30 am: 4- and 8-week bill auctions
    1:00 pm: 30-year bond reopening
    2:00 pm: Treasury buyback operation

This Week's MMO

  • MMO for June 9, 2025

     

    The Fed’s last semiannual Senior Financial Officer Survey, which was released last week, featured its usual wide range of data on banks’ expectations about asset trends and funding options.  We’ve cherry-picked two themes for this week’s MMO:  the build-up in FBO holdings of reserve balances in 2025 and bank attitudes about the Fed’s standing repo facility.  (Spoiler:  moving the SRF into central clearing could potentially address two of the major deterrents to bank and dealer participation.)

MMO Analysis