|10:00||Fed agency MBS-only overnight RRP test operation||Test operation not to exceed $175 million|
|10:00||NAHB index||Marginal decline seems likely this month|
|10:45||Williams (FOMC voter)||Moderated Q&A in the Bronx|
|11:00||4- and 8-week bill announcement||No changes expected|
|11:30||3- and 6-month bill auction||$3 billion reductions in each maturity|
We expect the NAHB housing market index to post a one-point downtick to 67, which would be close to its level of the past several months.
Today’s bill announcements: 1- and 2-month bills
Today’s bill auctions: 3- and 6-month bills
This issue of the Money Market Observer is a short read for a short week. It includes our regular monthly chartbook of money fund repo positions along with some observations about the ongoing diversification of the money fund industry’s collection of repo counterparties.