Just some dates to keep your eyes on.In the coming week, the...

Just some dates to keep your eyes on.


In the coming week, the Federal Reserve will be issuing nearly $100 billion of Treasury Securities. The schedule is as follows:

- Tuesday, January 12, 2010: $40 billion in 3yr notes & $26 billion in 52wk T-bills

- Wednesday, January 13, 2010: $21 billion in 10yr notes

- Thursday, January 14, 2010: $13 billion in 30yr bonds



We will be closely monitoring the action in the 30yr bond issuance, as that is where we believe the greatest supply/demand imbalance exists. Any sign of weak demand in any of this weeks Treasury auctions will provide a bearish catalyst sending government bond prices lower and interest rates higher.