wricaplogo

Overview: Tue, April 22

Daily Agenda

Time Indicator/Event Comment
09:00Jefferson (FOMC voter)Speaks at Philadelphia Fed event
09:30Harker (FOMC non-voter)Speaks at Philadelphia Fed event
10:00Richmond Fed indexAnother negative reading expected this month
11:004-, 8- and 17-wk bill announcementNo changes expected
11:00Treasury buyback announcement (cash mgmt)Nominal coupons 1M to 2Y
11:306-wk bill auction$70 billion offering
13:002-yr note auction$69 billion offering
14:00Treasury buyback (liq support)Nominal coupons 3Y to 5Y
14:00Kashkari (FOMC non-voter)On the economic outlook
14:30Barkin (FOMC non-voter)Speaks at innovation summit in Richmond
15:00Treasury investor class auction dataMid-April data
18:00Kugler (FOMC voter)On the transmission of monetary policy

US Economy

Federal Reserve and the Overnight Market

Treasury Finance

This Week's MMO

  • MMO for April 21, 2025

     

    April tax receipts are running somewhat ahead of our expectations, but not nearly to the extent that they seemed to be as of the middle of last week.  Separately, this week's issue discusses the recent run-up in the “other deposits” category on the Fed’s H.4.1 report.  The amount of clearinghouse margin parked at the Chicago Fed has risen by nearly $70 billion since the end of February in response to changes in CME cash margin guidelines.

MMO Analysis