| Time | Indicator/Event | Comment |
|---|---|---|
| 08:30 | GDP | 6% real growth in Q4 |
| 08:30 | Advance international trade | Narrower deficit in December |
| 08:30 | Jobless claims | Small decline in latest week |
| 10:00 | New home sales | Partial reversal of November drop |
| 10:00 | Leading indicators | Up half a percent in December |
| 11:00 | Kansas City Fed index | Little change expected this month |
| 11:00 | 3- and 6-month bill announcement | No changes expected |
| 11:00 | 6- and 17-week CMB announcement | No changes expected |
| 11:30 | 1- and 2-month bill auction | $30 billion and $35 billion respectively |
| 13:00 | 7-yr note auction | $62 billion offering |
Economic Indicator Preview for Thursday, January 28, 2021
Today’s economic data calendar features weekly jobless claims, the advance estimate of Q4 GDP and the advance international trade report for December at 8:30. December new home sales are due out at 10:00, and the Kansas City Fed manufacturing survey will round things out at 11:00.
Fed Highlights for Thursday, January 28, 2021
Today's updated operational schedule:
Treasury Coupon Purchases
Repo Operations
Treasury Highlights for Thursday, January 28, 2021
11:00 am: 3- and 6-month bill announcements
11:00 am: 6- and 17-week CMB announcements
11:30 am: 1- and 2-month bill auctions
1:00 pm: 7-year note auction
This week’s newsletter features a refresher course on the repo-market impact of GSE cash flows in the latter part of each month, along with a discussion of the outlook for the effective fed funds rate in the weeks ahead.
