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Fixed Income Focus: D.C. Turmoil Still The Focus Ahead of Jackson Hole
Treasury coupon yields were mostly a little higher last week, although the bond yield remained just below last Friday's close as the curve flattened. An unwinding of risk off trades, strong data, and spread supply pressured the market early in the week, but dovish central bank impressions, fresh White House turmoil, and equity losses turned things around during the second half of the week.
Aug  21  
Fixed Income Focus

US Economic Chartbooks
Please see our Economic Week Ahead Chartbook for a discussion of next week's economic releases provided in a visually friendly format that includes graphs, brief descriptions of SMR's forecasts, and links to detailed data previews. If you missed anything from last week, see our Economic Week in Review Chartbook for a look back at the releases with links to full analyses.
Aug  18  

China Again Largest Foreign Holder of Treasuries
Key Takeaways:
--Foreign investors increased their Treasury holdings by $47.7 billion in June, with China accounting for most of the increase.
--China's Treasury holdings have been climbing since its foreign exchange reserves bottomed in January. More timely custody account data indicate we will see further increases in China's Treasury holdings in July.
Aug  15  
Treasury Market

The Debt Limit: Thinking About the Unthinkable
Our base case is that Congress will raise the debt limit in time to avoid defaulting on its obligations. However, given the deepening dysfunction in Washington, it won't be easy and there is a chance that a plan B will need to be implemented. FOMC transcripts from August 2011 signal what the back-up plan could be.
Aug  10  
Treasury Market

June JOLTS-Record Opening, Evidence of Shortage Qualified Workers
Key Take-Aways
(1) June Openings +461,000 to Record High 6.163 mln
(2) Hires -103,000, Separations -21,000
(3) Quits -72,000, Layoffs +28,000
(4) Gross Turnover -124,000
(5) Net Turnover at +132,000
Aug  8  
Previews/Reviews


Latest Research HERE for Research Window
15:40Treasury Market Summary for Monday, August 21
15:36Treasury Market Technicals
15:27Trading Tomorrow - FHFA HPI, Richmond Fed, Trump Campaign Rally
11:503 & 6-Month Bidding Details: Lackluster Bidding
11:353 & 6-Month Bill Auction Results... Nothing Special
11:02Treasury Announces $30.0 billion 4-Week Bill Auction Details
10:48Treasuries Quietly Higher In Lifeless Morning Trade
10:143 & 6 Month Bills Preview Auction Talk, History and Bidding Pools
08:36CFTC CoT Data Analysis
08:24Repo Update - GC Softens


Monday, 21 Aug
Chicago Fed National Activity Index  Jul  -0.01 Vs Prev's 0.16
  Treasury will announce a 4-week bill auction
  Treasury will hold 3-month and 6-month bill auctions
  Freddie Mac will announce reference bills