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Waiting Game Returns With Straightforward, Sleepy Friday
Waiting Game Returns With Straightforward, Sleepy Friday
Bonds were technically a hair weaker in the overnight session, but even if they never improved from those levels, yields still would have been inside the prevailing range (4.0 to 4.12 in terms of the 10yr). As it stands, they did improve a bit, ultimately hitting 4.063 at the lows and holding near there through the close. MBS picked up a microscopic gain as well. All of the above is perfectly reasonable considering the lack of motivation in economic data. Today's only report (residential construction) hasn't moved markets in over a decade. With that, we're back to waiting for relevant data with the next notable installment not arriving until Thursday.
Straightforward Session. Back to Waiting
| Time | Event | Period | Actual | Forecast | Prior |
|---|---|---|---|---|---|
| Friday, Oct 18 | |||||
| 12:00AM | Roll Date - Ginnie Mae 30YR | ||||
| 8:30AM | Sep Build permits: change mm (%) | Sep | -2.9% | 4.6% | |
| 8:30AM | Sep Building permits: number (ml) | Sep | 1.428M | 1.46M | 1.47M |
| 8:30AM | Sep Housing starts number mm (ml) | Sep | 1.354M | 1.35M | 1.356M |
| 8:30AM | Sep House starts mm: change (%) | Sep | -0.5% | 9.6% | |
| 9:30AM | Fed Bostic Speech | ||||
| 10:00AM | Fed Kashkari Speech | ||||
| 12:10PM | Fed Waller Speech | ||||
| 12:30PM | Fed Bostic Speech | ||||
| 1:00PM | Oct/18 Baker Hughes Oil Rig Count | Oct/18 | 482 | 481 | |
| 1:00PM | Oct/18 Baker Hughes Total Rig Count | Oct/18 | 585 | 586 | |
| 4:00PM | Sep Federal budget, $ (bl) | Sep | $64B | $61B | $-380B |
| Monday, Oct 21 | |||||
| 8:55AM | Fed Logan Speech | ||||
| 10:00AM | Sep CB Leading Index MoM (%) | Sep | -0.3% | -0.2% | |
| 11:30AM | 52-Week Bill Auction (bl) | 81 | |||
| 11:30AM | 3-Month Bill Auction | 4.515% | |||
| 11:30AM | 6-Month Bill Auction | 4.270% | |||
| 11:30AM | 26-Week Bill Auction (bl) | 72 | |||
| 1:00PM | Fed Kashkari Speech | ||||
| 5:05PM | Fed Schmid Speech | ||||
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