|07:00||MBA mortgage prch. index||Seasonal increase in latest week|
|08:30||Durable goods||Mild increase in October, led by aircraft|
|08:30||Jobless claims||Reversal of last week's increase|
|10:00||U. Michigan cons. sent., late||Slightly higher than the preliminary November reading|
|11:00||3- and 6-month bill announcement||Likely steady at current levels|
|11:00||2-, 5- and 7-yr note announcement||No changes expected|
|14:00||FOMC minutes||Won't shake market expectations of a December rate hike|
|15:00||Treasury investor class auction data||Mid-November data|
|Reserve maint. period ends|
Durable goods orders should be reasonably healthy in this morning’s advance report for October. Initial jobless claims may retreat slightly after last week’s unexpected pop, while the University of Michigan’s consumer sentiment index is likely to hold roughly steady at a high level.
Today’s bill announcements: 3 and 6-month bills
Today’s coupon announcements: 2-, 5- and 7-year notes
We have produced a slightly abbreviated newsletter to match this week’s holiday-abbreviated schedule. The current issue of the MMO includes a handful of routine data updates covering money fund repo investments with foreign banks, the rate paid on the Fed’s internal RRP pool for foreign official institutions, and domestic holdings of reserve balances as of September 30.