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Overview: Thu, July 09

Daily Agenda

Time Indicator/Event Comment
08:30Jobless claimsNo big change expected in the latest week
09:00Williams (FOMC voter)Takes part in moderated discussion
09:20Fed bill purchase1- to 4-month maturities
10:00Existing home salesIncrease expected in June
11:006-, 13- and 26-wk bill announcementUnchanged offering sizes after two weeks of increases?
11:304- and 8-wk bill auction$100 billion and $95 billion respectively
13:0030-yr bond (r) auction$22 billion offering
13:00Logan (FOMC voter)Moderates discussion
14:00Treasury buyback (liq support)Nominal coupons 2Y to 3Y

Federal Reserve and the Overnight Market

Treasury Finance

  • Treasury Highlights for Thursday, July 9, 2026

    9:20 am: Fed bill purchase in the 1- to 4-month sector
    11:00 am: 6-, 13- and 26-week bill announcements
    11:30 am: 4- and 8-week bill auctions
    1:00 pm: 30-year bond (r) auction
    2:00 pm: Treasury buyback operation

US Economy

This Week's MMO

  • MMO for July 6, 2026

    Individual FOMC members have been speaking less in recent weeks than in the past, but the market won't be starved for Fed news this month.  That’s a good thing.  Providing the markets with conditional insight into the Fed’s reaction function can enhance both price discovery and policy effectiveness.  Also, we had not planned to revisit the tariff refund outlook again as soon as this week, but a massive outflow on June 29 changed our plans. 

MMO Analysis