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Overview: Tue, July 07

Daily Agenda

Time Indicator/Event Comment
10:00JOLTS openingsDown again (but less sharply?) in May
10:00IBD/TIPP economic optimism indexBack up to breakeven this month
11:001- and 2-month bill announcementNo changes expected
11:00CMB announcement15- and 22- week bills
11:30CMB auctions6- and 17-week bills
13:003-yr note auction$46 billion offering
14:00Fed disc rate minutesJune minutes
15:00STRIPS dataJune data

US Economy

Federal Reserve and the Overnight Market

  • Fed Highlights for Tuesday, July 7, 2020

     

    Today's updated operational schedule:

    Treasury Coupon Purchases

    • 10:30 am: 20- to 30-year sector, for about $1.8 billion

    Repo Operations

    • 8:30am: 28-day RP
    • 1:45 pm: Overnight RP

     

Treasury Finance

This Week's MMO

  • MMO for July 6, 2020

    Fed assets declined again in the week of July 1 as banks continued to pull back from Fed facilities that they had flocked to in the early days of the crisis.  The decline in Fed assets over the past few weeks is clearly a reflection of improving financial market conditions.

MMO Analysis