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Overview: Mon, December 09

Daily Agenda

Time Indicator/Event Comment
08:15Fed 28-day term RP operation$15 billion offering maturing on January 6
11:00Fed outright TIPS purchase$1.625 purchase of TIPS with remaining maturites of 7.5 to 30 years
11:00Survey of consumer expectations
11:303- and 6-month bill auctionUnchanged at $42 billion and $36 billion respectively
11:303-yr note auctionSteady at $38 billion
15:00Treasury investor class auction dataFull November data

US Economy

  • Economic Indicator Preview for Friday, December 6, 2019

    The job market seems to be holding up well, and we don’t expect the November employment report to drastically alter the outlook.  Our forecast calls for an increase of 210K in overall payrolls, and the unemployment rate seems likely to hold steady at 3.6%.  We think the University of Michigan consumer sentiment index will remain slightly above its year-to-date average in this morning’s preliminary report for December.

Treasury Finance

This Week's MMO

  • MMO for December 2, 2019

    Befitting the week following Thanksgiving, this issue of the MMO features a couple of leftover items from November.  We have a quick follow-up on our most recent monthly money fund chartbook, and we take a look at the Q3 data on the foreign official repo pool from the quarterly financial statements released by the Fed last month.

MMO Analysis