Don’s Notebook February 21, 2018


On Tuesday, the U.S. Treasury sold $179 billion of securities as it works to rebuild its cash balance, with yields at its auctions of three- and six-month debt rising to historic levels.

  • The U.S. debt auction schedule continues over the next two days.
  • The Treasury will sell five- and seven-year maturities and issue $15 billion of two-year floating-rate notes this week.

Walmart reported mixed Q4 results on Tuesday and missed market expectations, catching investors by surprise prompting a 10 percent sell-off in the stock. On-line sales growth disappointed observers.

Wednesday Existing Housing sales numbers for January are expected today, but according to Barron’s, the number of homes for sale are at a 19-year low and may limit January’s sales results.

Traders should watch for the FOMC minutes will be published later today for information about interest rate increases this year.