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Bonds Doing What Bonds Do
Bonds Doing What Bonds Do
Another week, another chance for bonds to do the only thing it seems like they know how to do recently: sell off. It actually didn't look like a foregone conclusion this morning. Bonds were only slightly weaker overnight and managed to move into positive territory in the first hour and a half of domestic trading. After that, the selling was consistent and directional for the rest of the AM hours. A combination of Treasury auction indigestion and ongoing pre-election positioning can broadly be blamed, but without the normal level of correlation between singular big ticket data releases or news headlines and market movement, we'd take most assessments with a grain of salt when it comes to "what's moving markets."
Bonds Doing What Bonds Do
| Time | Event | Period | Actual | Forecast | Prior |
|---|---|---|---|---|---|
| Monday, Oct 28 | |||||
| 10:30AM | Oct Dallas Fed Manufacturing Index | Oct | -3.0 | -9.0 | |
| 11:30AM | 6-Month Bill Auction | 4.325% | 4.310% | ||
| 11:30AM | 2-Year Note Auction | 4.130% | 3.520% | ||
| 11:30AM | 2-Yr Note Auction (bl) | 69 | |||
| 11:30AM | 26-Week Bill Auction (bl) | 72 | |||
| 1:00PM | 26-Week Bill Auction (bl) | 81 | |||
| 1:00PM | 3-Month Bill Auction | 4.49% | 4.51% | ||
| 1:00PM | 5-Year Note Auction | 4.138% | 3.519% | ||
| 1:00PM | 5-Yr Note Auction (bl) | 70 | |||
| 3:00PM | Treasury Refunding Financing Estimates (%) | ||||
| Tuesday, Oct 29 | |||||
| 8:30AM | Sep Goods Trade Balance Adv | Sep | $-108.23B | $-96.1B | $-94.26B |
| 8:30AM | Sep Wholesale inventories mm (%) | Sep | -0.1% | 0.2% | 0.1% |
| 8:30AM | Sep Retail Inventories Ex Autos MoM Adv | Sep | 0.1% | 0.5% | |
| 8:55AM | Oct/26 Redbook yy (%) | Oct/26 | 5.6% | 4.6% | |
| 9:00AM | Aug House Price Index | Aug | 427.0 | 425.2 | |
| 9:00AM | Aug FHFA Home Prices y/y (%) | Aug | 4.2% | 4.5% | |
| 9:00AM | Aug CaseShiller 20 mm nsa (%) | Aug | -0.3% | 0% | |
| 9:00AM | Aug Case Shiller Home Prices-20 y/y (% ) | Aug | 5.2% | 5.1% | 5.9% |
| 9:00AM | Aug FHFA Home Price Index m/m (%) | Aug | 0.3% | 0.2% | 0.1% |
| 10:00AM | Oct CB Consumer Confidence (%) | Oct | 108.7 | 99.5 | 98.7 |
| 10:00AM | Sep JOLTs Job Quits | Sep | 3.071M | 3.084M | |
| 10:00AM | Sep USA JOLTS Job Openings | Sep | 7.443M | 7.99M | 8.04M |
| 10:30AM | Oct Dallas Fed Services Index | Oct | 2.0 | -2.6 | |
| 10:30AM | Oct Dallas Fed Services Revenues Index | Oct | 9.2 | 10.1 | |
| 11:30AM | 26-Week Bill Auction (bl) | 80 | |||
| 11:30AM | 52-Week Bill Auction | 4.100% | 3.780% | ||
| 11:30AM | 52-Week Bill Auction (bl) | 48 | |||
| 11:30AM | 42-Day Bill Auction (%) | 4.630% | 4.650% | ||
| 1:00PM | 2-Year FRN Auction (%) | 0.205% | 0.261% | ||
| 1:00PM | 7-Year Note Auction | 4.215% | 3.668% | ||
| 1:00PM | 2-Yr Note Auction (bl) | 30 | |||
| 1:00PM | 7-Yr Note Auction (bl) | 44 | |||
| 4:30PM | Oct/25 API weekly crude stocks (ml) | Oct/25 | -0.573M | 2.3M | 1.643M |
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