|08:30||FRBNY business leaders survey|
|10:00||NAHB index||Slight pullback from high October level|
|11:00||Fed outright Treasury coupon purchase||$1.625 billion purchase of 0- to 0.75-year maturities|
|11:30||3- and 6-month bill auction||Unchanged at $45 billion and $42 billion respectively|
|12:00||Mester (FOMC non-voter)||At University of Maryland|
|14:00||Fed outright Treasury bill purchase||$7.525 billion purchase of Treasury bills|
|16:00||Tsy intl cap flows||September data|
We think the NAHB homebuilders index will retreat one point to a still-high level of 70 this month.
11:00: Fed purchase: coupons maturing within nine months
11:30: 3- and 6-month bill auctions
14:00: Fed bill pass
This week’s newsletter is a quick read. In additional to our regular quarterly chartbook of foreign holdings of reserve balances, we include a brief response to recent questions from readers about the increased frequency of revisions to our weekly bill auction forecasts.