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No Data, No Volatility
No Data, No Volatility
Bonds were only open for half the day due to the national day of mourning for Jimmy Carter. Overnight markets made for a slightly stronger start and those gains slowly eroded throughout the day. MBS closed at perfectly unchanged levels and 10yr yields were a hair lower as Treasuries continue "healing" after this week's auction cycle. Friday morning brings the jobs report, which is just as much of a potential volatility flash point as it always is.
Stronger overnight, with some slight backtracking. MBS up 3 ticks (.09) and 10yr down 3.3bps at 4.669
weakest levels. MBS still up 2 ticks (.06) and 10yr still down 2.5bps at 4.676
No Data, No Volatility
| Time | Event | Period | Actual | Forecast | Prior |
|---|---|---|---|---|---|
| Thursday, Jan 09 | |||||
| 7:30AM | Dec Challenger layoffs (k) | Dec | 38.792K | 57.727K | |
| 9:00AM | Fed Harker Speech | ||||
| 9:05AM | Fed Collins Speech | ||||
| 10:30AM | NY Fed Treasury Purchases 1 to 2.5 yrs (%) | $25 million | |||
| 11:30AM | 4-Week Bill Auction | 4.245% | 4.265% | ||
| 11:30AM | 8-Week Bill Auction | 4.240% | 4.240% | ||
| 12:00PM | Jan/09 30-Year Mortgage Rate | Jan/09 | 6.93% | 6.91% | |
| 12:00PM | Jan/09 15-Year Mortgage Rate | Jan/09 | 6.14% | 6.13% | |
| 12:45PM | Fed Barkin Speech | ||||
| 1:30PM | Fed Schmid Speech | ||||
| 1:35PM | Fed Bowman Speech | ||||
| 2:00PM | Jimmy Carter Day of Mourning | ||||
| Friday, Jan 10 | |||||
| 8:30AM | U-6 Unemployment Rate | 7.8% | |||
| 8:30AM | Dec Unemployment rate mm (%) | Dec | 4.2% | 4.2% | |
| 8:30AM | Dec Government Payrolls | Dec | 33K | ||
| 8:30AM | Dec Average earnings mm (%) | Dec | 0.3% | 0.4% | |
| 8:30AM | Average Hourly Earnings YoY | 4% | 4% | ||
| 8:30AM | Dec Average workweek hrs (hr) | Dec | 34.3 | 34.3 | |
| 8:30AM | Dec Private Payrolls (k) | Dec | 135K | 194K | |
| 8:30AM | Dec Non Farm Payrolls | Dec | 160K | 227K | |
| 8:30AM | Dec Manufacturing payrolls (k) | Dec | 5K | 22K | |
| 8:30AM | Dec Participation Rate | Dec | 62.5% | ||
| 10:00AM | Jan U Mich conditions | Jan | 75.1 | ||
| 10:00AM | Jan Sentiment: 1y Inflation (%) | Jan | 2.8% | ||
| 10:00AM | Jan Consumer Sentiment (ip) | Jan | 73.8 | 74.0 | |
| 10:00AM | Jan Michigan Consumer Expectations Final | Jan | 73.3 | ||
| 10:00AM | Jan Sentiment: 5y Inflation (%) | Jan | 3% | ||
| 12:00PM | WASDE Report (%) | ||||
| 1:00PM | Jan/10 Baker Hughes Oil Rig Count | Jan/10 | 482 | ||
| 1:00PM | Jan/10 Baker Hughes Total Rig Count | Jan/10 | 588 | ||
| 4:30PM | Jan/08 Central Bank Balance Sheet | Jan/08 | $6.85T | ||
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