It’s all about Treasury borrowing
October 30, 2023
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–From Reuters: The Treasury will release its quarterly borrowing requirements on Monday at 3 p.m. ET (1900 GMT) and its refunding news on Wednesday at 8:30 a.m. ET (1230 GMT).
–(BBG) The Federal Reserve’s policy statement is setting up to be the No. 2 event on Wednesday, with investor focus instead likely to be on the Treasury Department’s new borrowing plan, due hours ahead of the interest-rate decision.
–Deficits remain large and growing. Composition of sales will likely affect the curve.
–Bank of Japan tonight. US data today includes Dallas Fed Mfg, expected -15 from -18.1 last.
