ALL TIMES EDT/GMT
TREASURY DEPARTMENT:
U.S. Treasury Secretary Timothy Geithner testifies before a House Oversight and Government Reform Committee hearing on 'Factors Affecting Efforts to Limit Payments to AIG Counterparties,' Washington, D.C., 10 a.m. (1500 GMT).
Treasury Department sells 5-year notes, 1 p.m. (1800 GMT).
FEDERAL RESERVE:
Federal Open Market Committee begins second day of two-day meeting on interest rate policy, no set time. Washington, D.C.
Expect announcement on interest rate policy at 2:15 p.m. (1815 GMT). Primary dealers expect the Fed to keep interest rates in the zero percent to 0.25 percent range.
ECONOMIC INDICATORS:
The Mortgage Bankers Association releases Weekly Mortgage Market Index for the week ended Jan. 22, versus the prior week, 7 a.m. (1200 GMT). The mortgage market index read 575.9 and the refinancing index was 2,663.8 in the previous week.
Commerce Department releases new home sales for December, 10 a.m. (1500 GMT). Economists in a Reuters survey forecast a total of 370,000 annualized units in December compared with 355,000 in November.
Federal Reserve Bank of Chicago releases its Chicago Fed Midwest Manufacturing Index for December, 12 p.m. (1700 GMT). The index read 84.2 in the prior month.
Keywords: DIARY USTREASURIES (U.S. Treasury Desk; +1-646-223-6301) COPYRIGHT Copyright Thomson Reuters 2010. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.
TREASURY DEPARTMENT:
U.S. Treasury Secretary Timothy Geithner testifies before a House Oversight and Government Reform Committee hearing on 'Factors Affecting Efforts to Limit Payments to AIG Counterparties,' Washington, D.C., 10 a.m. (1500 GMT).
Treasury Department sells 5-year notes, 1 p.m. (1800 GMT).
FEDERAL RESERVE:
Federal Open Market Committee begins second day of two-day meeting on interest rate policy, no set time. Washington, D.C.
Expect announcement on interest rate policy at 2:15 p.m. (1815 GMT). Primary dealers expect the Fed to keep interest rates in the zero percent to 0.25 percent range.
ECONOMIC INDICATORS:
The Mortgage Bankers Association releases Weekly Mortgage Market Index for the week ended Jan. 22, versus the prior week, 7 a.m. (1200 GMT). The mortgage market index read 575.9 and the refinancing index was 2,663.8 in the previous week.
Commerce Department releases new home sales for December, 10 a.m. (1500 GMT). Economists in a Reuters survey forecast a total of 370,000 annualized units in December compared with 355,000 in November.
Federal Reserve Bank of Chicago releases its Chicago Fed Midwest Manufacturing Index for December, 12 p.m. (1700 GMT). The index read 84.2 in the prior month.
Keywords: DIARY USTREASURIES (U.S. Treasury Desk; +1-646-223-6301) COPYRIGHT Copyright Thomson Reuters 2010. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.