Don’s Notebook February 20, 2018


Strength of demand or the lack of it at today’s Treasury auctions could offer updates on rate expectations ahead of next month’s FOMC meeting. U.S. government bond issuance begins today, when the Treasury sells $151 billion of short-term notes and $28 billion of two-year debt.

On Wednesday at 2:00 p.m. Eastern time, the Federal Reserve is scheduled to issue minutes from its Jan. 31 monetary policy meeting, the last led by then-chair Janet Yellen.

Markets were mixed overnight Monday ahead of this important week for the U.S. Treasury supply.

SPX turned in best weekly performance in 5 years (+4.3%) however equities faded in Friday’s late trading after SPX hit the 61.8% level.

Notable corporate earnings announcements today include Home Depot, Duke Energy, Walmart, Medtronic and Boyd Gaming.