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Overview: Mon, December 09

Daily Agenda

Time Indicator/Event Comment
10:00Wholesale inventoriesSmall increase expected in October
11:00Treasury buyback announcement (cash mgmt)Nominal coupons 1M to 2Y
11:00FRBNY survey of consumer expectationsMay not mirror the deterioration in the Michigan survey
11:3013- and 26-wk bill auction$81 billion and $72 billion respectively
14:00Treasury buyback (liq support)Nominal coupons 7Y to 10Y
15:00Treasury investor class auction dataFull November data

Intraday Updates

US Economy

Federal Reserve and the Overnight Market

Treasury Finance

This Week's MMO

  • MMO for December 9, 2024

     

    The outlook for next week’s FOMC meeting remains uncharacteristically uncertain – at least in our view.  The rate-cut odds priced into the market seem out of step with the underlying message in the economic data and we’re not entirely certain how that disconnect will be resolved.  Also, this week’s MMO revisits the outlook for an RRP rate tweak in the months ahead.  We suggested last week that no adjustments were likely in the immediate future.  After a lot of nudging from readers, we’ve taken another look at the issue. 

Federal Reserve Commentary

MMO Analysis