Classical Wednesday

On the economic calendar:-

07:00 MBA Purchase Applications

10:00 New Home Sales (Consensus 387 K v Prior 389 K)

10:30 EIA Petroleum Status Report

13:00 5 Year Note Auction

14:00 Beige Book

Operation Twist:-

10:15 - 11:00 Fed Outright Treasury Coupon Purchases up to $2.25 billion

Speaking today:-

12:15 Daniel Tarullo

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