|11:00||Fed outright Treasury coupon purchase|
$1.825 billion purchase of coupons maturing in 1.5 to 2.25 years
|11:30||3- and 6-month bill auction||Steady at current levels|
There are no major indicators due out today, but the flow of economic data will pick up a bit starting tomorrow morning. This week’s highlights include existing and new home sales (tomorrow and Thursday), durable goods (Thursday) and the final reading for this month’s University of Michigan consumer sentiment index (Friday).
Today’s Fed purchase: $1.825 billion of nominal coupons maturing in 1 ½- to 2 ¼-years
Today’s bill auctions: 3- and 6-month bills
The Fed’s weekly dealer position data for early October have shown a substantial increase in the amount of longer-term repo funding in the wake of last month’s turmoil in the overnight market. Separately, this week's MMO takes a look at the maturity composition of the Desk’s bill purchases in the first week of its new large-scale operations.