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Overview: Mon, April 23

Daily Agenda

Time Indicator/Event Comment
08:30Chicago Fed NAIDown from last month but still solidly above trend
09:45Markit mfg PMI (flash)
10:00Existing home salesLittle change expected in March
11:004-week bill announcementLikely steady at $45 billion
11:303- and 6-month bill auctionSteady at current levels for the fourth consecutive week
15:00Treasury investor class auction dataMid-April data

US Economy

This Week's MMO

  • MMO for April 16, 2018

    The April tax season gets underway in earnest this week.  The daily Treasury cash flow statements that will be released on Wednesday this week and next will be particularly important in updating our bill issuance forecasts for the remainder of the quarter.  Also, the New York Fed released its annual open market operations report last week with updated balance sheet projections, giving us an opportunity to revisit the ever-popular topic of the Fed’s internal RRP pool for foreign official institutions.

MMO Analysis