Daily Summary

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for Wednesday, March 10, 2010

Agenda

TimeIndicator/EventComment
07:00MBA mortgage prch. indexSlightly stronger at the beginning of March?
09:45Fannie Mae bill auction$4 billion 2-part auction
10:00Wholesale inventoriesSlight decline
11:30Treasury SFP cash management bill auction$25 billion in 56-day bills
13:0010-yr (r) note auctionUnchanged at $21 billion
14:00US budgetCBO looks for a $223 billion deficit
 Fannie Mae note announcement Monthly scheduled announcement
 Reserve maint. period ends 

Intraday Updates

The change in wholesale inventories was close to expectations in January, but December inventories were revised down. more »

Economic Indicators

Today’s economic calendar is very light, with no official monthly indicators on tap other than the wholesale trade report at 10:00. more »

Federal Reserve Operations & the Overnight Market

Fed Open Market Operations The Desk has no major operations scheduled for today. more »

Fed Funds Monitor Fed funds data tables more »

Treasury Finance

The Treasury will sell a routine $25 billion SFP bill at 11:30 this morning and a $21 billion 10-year reopening at 1:00. more »

The Money Market Observer

Monday, Mar 8 The overnight fed funds rate was unexpectedly firm last week.  Higher repo rates were the main driver, but were not the only factor at work.  We expect repo rates to soften at least slightly this week, which would help pull overnight funds down somewhat as well.  However, the altered balance in the Treasury collateral market is likely to put more upward pressure on overnight rates in the months ahead than we had anticipated. more »

Daily Press Summary (pdf)

Inside Debt Daily for Wednesday, Mar 10 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 »

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