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Overview: Mon, October 26

Daily Agenda

Time Indicator/Event Comment
08:30Chicago Fed NAIModerately stong reading in September
10:00New home salesMild increase expected in Sepember
10:30Dallas Fed manufacturing surveyLittle change this month
11:303- and 6-month bill auctionSteady at $54 billion and $51 billion respectively

US Economy

Federal Reserve and the Overnight Market

Treasury Finance

This Week's MMO

  • MMO for October 19, 2020

    We’ve lowered our projections for Treasury coupon issuance in the coming quarterly cycle.  Even in the unlikely event that Congress reaches an agreement on a pandemic relief bill this week, the Treasury has no pressing need for further increases in note and bond auction sizes in the near term.  In fact, the Treasury may be looking at coupon auction reductions at some point next year.  The composition of any such cutbacks would depend heavily on the outcome of the November election.

MMO Analysis