| Time | Indicator/Event | Comment |
|---|---|---|
| 07:00 | MBA mortgage prch. index | Usually declines in August on monthly-average basis |
| 08:30 | CPI | Above-trend rise in July, led by energy |
| 10:00 | Rosengren (FOMC non-voter) | Discusses economy and current financial conditions |
| 11:00 | Kaplan (FOMC voter) | Takes part in Q&A with Lubbock Chamber of Commerce |
| 11:30 | CMB auctions | 15- and 22-week bills |
| 13:00 | 10-yr note auction | $38 billion offering |
| 14:00 | US budget | CBO estimates a $61 billion deficit for July |
| 15:00 | Daly (FOMC non-voter) | Takes part in virtual discussion on economy |
| 18:00 | Kaplan (FOMC voter) | On economy and Covid-19 |
Economic Indicator Preview for Thursday, August 13, 2020
Weekly jobless claims and the July import price report are both scheduled to be released at 8:30 this morning.
Fed Highlights for Wednesday, August 12, 2020
Today's updated operational schedule:
Treasury Coupon Purchases
Repo Operations
Treasury Highlights for Thursday, August 13, 2020
11:00 am: 3- and 6-month bill announcements
11:00 am: 6-, 17- and 39-week CMB announcements
11:00 am: 30-year TIPS reopening and 20-year bond announcements
11:30 am: 1- and 2-month bill auctions
1:00 pm: 30-year bond auction
This week’s newsletter is a stripped-down, dog-days-of-August edition that is limited to a few observations about last week’s Treasury refunding outlook. The Treasury made it clear last week that its $800 billion notional assumption for the September 30 level of the TGA was not a target or even a particularly likely outcome; the odds are good that the actual quarter-end balance will be higher.
