Agenda
| Time | Indicator/Event | Comment |
| 08:30 | Jobless claims | No improvement this week |
| 08:30 | Continuing claims | Down modestly |
| 11:00 | 3- and 6-month bill announcement | No changes expected |
| 11:30 | Yellen (FOMC non-voter) | At foreclosure hearing |
| 15:00 | STRIPS data | July data |
| Chain store sales | Modest year-over-year gain |
Intraday Updates
Initial jobless claims remained volatile in the latest week. We won't attach much weight to these figures until we start to get more stable readings in August. The monthly Monster employment index came in as expected at 138, which reflects a normal seasonal performance.
Chain store sales rose by just 2.8% on a year-over-year basis in July, which is roughly in line with our pessimistic assumption. more »
Economic Indicators
The economic calendar will be relatively light today as we wait for tomorrow’s employment report. Jobless claims are due out at 8:30 and July chain store sales will trickle out over the course of the morning. more »
Federal Reserve Operations & the Overnight Market
Fed Open Market Operations Excess reserve forecast table more »
Fed Funds Monitor Fed funds data tables more »
Treasury Finance
The Treasury will announce the terms of next week’s 3- and 6-month bills at 11:00 this morning. more »
The Money Market Observer
Monday, Aug 2 This week’s newsletter is a follow-up to last week’s discussion of the federal government’s borrowing needs in FY 2011. We expect the Treasury’s quarterly financing estimates on Monday afternoon to suggest that borrowing in the current quarter will be close to last year’s level, but that borrowing in the October-December period will be significantly above the year-ago level. This week’s issue also discusses prospective changes in the Treasury’s debt service cash-flow patterns in the coming quarters, which will sharply reduce the importance of the month-end note packages as a source of new cash for the government by early next year. more »
Daily Press Summary (pdf)
Inside Debt Daily for Thursday, Aug 5 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 »
