U.S. Fixed Income Calendar: The Week Ahead - Monday, Dec. 3

Event risks are set to intensify in the week ahead, including a long list of Federal Reserve speeches, as well as the all-critical employment situation from the Bureau of Labor Statistics.

Monday, December 3

The week gets off to a fast start Monday, with Fed governor Lael Brainard slated to give a keynote speech at a conference on the evolving structure of the U.S. Treasury market in New York.

Also, Markit will provide its final manufacturing PMI for November, the Institute for Supply Management (ISM) will report manufacturing numbers, and total vehicle sales will roll onto the wires.

Tuesday, December 4

The events will be followed on Tuesday by an economic press briefing hosted by the Federal Reserve Bank of New York.

The New York Fed said the briefing will look at local employment and labor force trends in New York City, New York State, and New Jersey, and will provide an analysis on labor market tightness and the types of jobs gained by area.

New York Fed president John Williams will deliver opening remarks at the event, where he will also join a panel of economists to field questions.

Market participants may tune into the event to glean any clues ahead of the November jobs report due ahead of the weekend. 

The State of New York added about 22k jobs in October 2018 from the prior month, representing about 8.8% of total U.S. gains, and boasted a 0.7% year-on-year fall in its unemployment rate.


Wednesday, December 5

Meanwhile, the Securities Industry and Financial Markets Association (SIFMA) recommended all fixed-income cash markets close Wednesday in honor of the national day of mourning for former U.S. President George H.W. Bush.

SIFMA made its recommendation following President Donald Trump’s announcement that the U.S. government will be closed on Wednesday in honor of Mr. Bush.

SIFMA has also recommended that secondary market cash transactions in U.S. government and federal agency securities, executed on Tuesday, December 4, and normally settling on Wednesday, December 5, should instead settle on Thursday, where practical.

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