Agenda
| Time | Indicator/Event | Comment |
| 08:30 | Retail sales | Solid increase in core sales, with an extra boost from higher gasoline prices |
| 09:55 | U. Michigan cons. sent., early | May buck the February trend with a small increase |
| 10:00 | Business inventories | Back in negative territory |
| 10:00 | Survey of prof. forecasters | Philadelphia Fed's quarterly forecasting survey |
| 14:30 | Tarullo (FOMC voter) | Testify at Senate on systemic risk |
Intraday Updates
[8:30 Data] The January increase in retail sales was solid, but was not quite as strong as we anticipated.
[10:00 Data] The early Reuters/University of Michigan consumer sentiment report for February showed a small decline in sentiment, mirroring the behavior of the IBD/TIPP and RBC CASH indexes this month.
Retail inventories came in above our expectations, which should add a couple of tenths of a percent to the official Q4 GDP growth estimate. more »
Economic Indicators
Today’s economic calendar will be busier than originally expected. In addition to the Reuters/University of Michigan consumer sentiment report, the delayed retail sales and business inventory reports from the Census Bureau are due out this morning. more »
Federal Reserve Operations & the Overnight Market
Fed Funds Monitor Fed funds data tables more »
Fed Data Reserve balances did not rise quite as much last week as expected, but are still poised to reach new highs in the second half of February. Also, the Desk “tapered” its purchases of mortgage-backed securities again in the latest week as it prepares for the end of its large-scale asset purchase program. Finally, the Fed’s Maiden Lane funds appear to have booked a modest mark-to-market valuation adjustment in the fourth quarter. more »
Treasury Finance
Treasury cash flows table more »
The Money Market Observer
Monday, Feb 8 The more stringent liquidity requirements for money market funds that will take effect this spring should boost demand for the very short-term instruments that qualify for the new daily and weekly liquidity buffers. By themselves, the new SEC rules would probably have only a modest impact on the shape of the money market yield curve. However, they are only part of a general regulatory effort to impose tougher liquidity guidelines on the financial sector. This regulatory philosophy is likely to put upward pressure on term premiums across the yield curve as the recovery unfolds. more »
Daily Press Summary (pdf)
Inside Debt Daily for Friday, Feb 12 The Inside Debt Daily provides relevant market news and market segment commentary from Thomson Reuters and data from ICAP and Wrightson ICAP in a take-home, easy-to-read format highlighting key developments which could impact the capital markets the ensuing trading day. Download a PDF file of the most recent report now. go »
Daily Press and Pricing Archive go »
