This week is marked by the three events -- rate meeting, press conference and the first major auctions of U.S. Treasuries since rating agency Standard & Poor's fired a warning shot at Washington over the budget deficit.
Bernanke's press conference on next Wednesday is an attempt by the Fed to communicate clearly what is on its mind. Investors will now be on alert for Bernanke watchwords such as "extended period", to judge how long loose monetary policy will run.
Investor focus is also likely to be on a series of U.S. T-note auctions -- two-year, five-year and seven-year on Tuesday, Wednesday and Thursday, respectively
