We sent headlines in a pneumatic tube to the DJs upstairs, which they read
at the bottom of the hour. We read the school lunch menus at 7 a.m.
Treasury May refunding: Treasury updates its supply outlook with the May refunding announcement
at the bottom of the hour. Analysts expect coupon volumes to be boosted again, as was the case in January (when Treasury announced increases in coupons for the first time since 2009), including $2 B increases in the 2- and 3-year notes, and $1 B increase across the rest of the curve.
The most satisfying thing is that when we announce
at the bottom of the hour that we're going to be taking phone calls, all the lines light up right away."
She says that typically, "an hour of 57 minutes of news might have a two-minute editorial
at the bottom of the hour." An October 25 editorial began, "As President George W.