
*G20 did not come up with a quick fix for Greek debt over the weekend in Mexico. Although some participants were ready to add more to the IMF resources, that could be devoted to Europe, the US was not one of them. Also there was a sentiment that any move on financing the IMF should not be undertaken until after Europe shores up their “firewall” (ESM/EFSF), which Germany has not signed off on. Reports say the euro zone will return to the firewall debate at some point in March.
*Germany’s Parliament is set to vote on the latest Greek bailout this morning, approximately 8:00am CST. Other countries, such as Netherlands and Finland will vote on Wednesday.
*IIF negotiator for the Greek debt swap deal Charles Dellara, said this morning that he is confident the Greek bailout will be implemented.
*The January reading of Pending Home Sales is due out at 9:00am CST, it is expected to be +1.0% month on month.
*The February reading of the Dallas Fed Manufacturing Activity Index is due out at 9:30am CST, it is forecast to be up just two tenths on the month to 15.5.
*The Fed is scheduled to buy Treasuries today that are due to mature between 2//28/18 and 2/15/20; the results of the operation will be announced just after 10:00am CST.
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