Uneventful Start to 2025
Uneventful Start to 2025
Bonds began the day in moderately stronger territory before losing ground after the Jobless Claims data. AM selling stalled out shortly after bonds hit negative territory and settled sideways to slightly stronger in the afternoon. While that constitutes a reasonably amount of volatility (as did the previous session on Tuesday), the magnitude of the movements has been fairly mild. All in all, it's an uneventful start to the new year and a typically boring winter holiday trading environment. If there's one thing to focus on, it's that trading levels are still right in line with the day after Fed day. If there are two things, the second would be that yields are a bit lower than they were at the end of last week.
Uneventful Start to 2025
| Time | Event | Period | Actual | Forecast | Prior |
|---|---|---|---|---|---|
| Friday, Jan 03 | |||||
| 10:00AM | Dec ISM Manufacturing PMI | Dec | 49.3 | 48.4 | 48.4 |
| 10:00AM | Dec ISM Manufacturing Employment | Dec | 45.3 | 48 | 48.1 |
| 10:00AM | Dec ISM Manufacturing New Orders | Dec | 52.5 | 50.4 | |
| 10:00AM | Dec ISM Mfg Prices Paid | Dec | 52.5 | 51.7 | 50.3 |
| 10:30AM | Dec/27 Nat gas-EIA, change bcf | Dec/27 | -116Bcf | -127Bcf | -93Bcf |
| 11:00AM | Fed Barkin Speech | ||||
| 1:00PM | Jan/03 Baker Hughes Total Rig Count | Jan/03 | 588 | 589 | |
| 1:00PM | Jan/03 Baker Hughes Oil Rig Count | Jan/03 | 482 | 483 | |
| Monday, Jan 06 | |||||
| 9:15AM | Fed Cook Speech | ||||
| 9:45AM | Dec S&P Global Composite PMI | Dec | 56.6 | 54.9 | |
| 9:45AM | Dec S&P Global Services PMI | Dec | 58.5 | 56.1 | |
| 10:00AM | Dec Total Vehicle Sales (ml) | Dec | 16.5M | 16.5M | |
| 10:00AM | Nov Factory orders mm (%) | Nov | -0.3% | 0.2% | |
| 10:00AM | Nov Factory ex-transp mm (% ) | Nov | 0.1% | ||
| 10:30AM | NY Fed Treasury Purchases 6 to 10 yrs (%) | $25 million | |||
| 11:30AM | 52-Week Bill Auction (bl) | 72 | |||
| 11:30AM | 26-Week Bill Auction (bl) | 84 | |||
| 11:30AM | 3-Month Bill Auction | 4.230% | |||
| 11:30AM | 6-Month Bill Auction | 4.135% | |||
| 1:00PM | 3-Year Note Auction | 4.117% | |||
| 1:00PM | 3-Yr Note Auction (bl) | 58 | |||
