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Overview: Mon, July 06

Daily Agenda

Time Indicator/Event Comment
10:00ISM services PMILittle change expected in June
11:00Waller (FOMC voter)Takes part in policy panel
11:3013- and 26-wk bill auctionUnchanged at $92 billion and $79 billion respectively

Federal Reserve and the Overnight Market

Treasury Finance

US Economy

This Week's MMO

  • MMO for July 6, 2026

    Individual FOMC members have been speaking less in recent weeks than in the past, but the market won't be starved for Fed news this month.  That’s a good thing.  Providing the markets with conditional insight into the Fed’s reaction function can enhance both price discovery and policy effectiveness.  Also, we had not planned to revisit the tariff refund outlook again as soon as this week, but a massive outflow on June 29 changed our plans. 

MMO Analysis