| Time | Indicator/Event | Comment |
|---|---|---|
| 07:00 | MBA mortgage prch. index | Seasonal increase in latest week |
| 08:30 | Durable goods | Moderate increase in December, boosted by aircraft |
| 11:30 | 15- and 22-week CMB auction | $25 billion and $30 billion respectively |
| 13:00 | 2-yr FRN auction | $28 billion offering |
| 14:00 | FOMC meeting announcement | No change in balance sheet plans |
| 14:30 | FOMC press conference | Patience is still a virtue; Powell likely to stress that policy will remain supportive for an extended period |
Economic Indicator Preview for Wednesday, January 27, 2021
The December durable goods report will be released at 8:30 this morning.
Fed Highlights for Wednesday, January 27, 2021
Today's updated operational schedule:
Treasury Coupon Purchases
Repo Operations
Treasury Highlights for Wednesday, January 27, 2021
11:30 am: 15- and 22-week CMB auctions
1:00 pm: 2-year FRN auction
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.
