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Sizeable, Straightforward Selling Spree
Sizeable, Straightforward Selling Spree
Today's jobs report was much stronger than expected and there were no compelling counterpoints to give traders any second thoughts. As such, traders proceeded logically by dumping bonds. Trading levels hit the 3pm close very close to the levels seen immediately after the jobs report and there wasn't much fanfare in between. All in all, a reaction that was as straightforward as it was unpleasant.
Sizeable, Straightforward Selling Spree
| Time | Event | Period | Actual | Forecast | Prior |
|---|---|---|---|---|---|
| Friday, Jan 10 | |||||
| 8:30AM | U-6 Unemployment Rate | 7.5% | 7.8% | ||
| 8:30AM | Dec Unemployment rate mm (%) | Dec | 4.1% | 4.2% | 4.2% |
| 8:30AM | Dec Government Payrolls | Dec | 33K | 33K | |
| 8:30AM | Dec Average earnings mm (%) | Dec | 0.3% | 0.3% | 0.4% |
| 8:30AM | Average Hourly Earnings YoY | 3.9% | 4% | 4% | |
| 8:30AM | Dec Average workweek hrs (hr) | Dec | 34.3 | 34.3 | 34.3 |
| 8:30AM | Dec Private Payrolls (k) | Dec | 223K | 135K | 194K |
| 8:30AM | Dec Non Farm Payrolls | Dec | 256K | 160K | 227K |
| 8:30AM | Dec Manufacturing payrolls (k) | Dec | -13K | 5K | 22K |
| 8:30AM | Dec Participation Rate | Dec | 62.5% | 62.5% | |
| 10:00AM | Jan U Mich conditions | Jan | 77.9 | 75.1 | |
| 10:00AM | Jan Sentiment: 1y Inflation (%) | Jan | 3.3% | 2.8% | |
| 10:00AM | Jan Consumer Sentiment (ip) | Jan | 73.2 | 73.8 | 74.0 |
| 10:00AM | Jan Michigan Consumer Expectations Final | Jan | 70.2 | 73.3 | |
| 10:00AM | Jan Sentiment: 5y Inflation (%) | Jan | 3.3% | 3% | |
| 12:00PM | WASDE Report (%) | ||||
| 12:00PM | Dec Quarterly Grain Stocks - Soy | Dec | 3.1B | 0.342B | |
| 12:00PM | Dec Quarterly Grain Stocks - Corn | Dec | 12.074B | 1.760B | |
| 12:00PM | Dec Quarterly Grain Stocks - Wheat | Dec | 1.57B | 1.98B | |
| 1:00PM | Jan/10 Baker Hughes Oil Rig Count | Jan/10 | 480 | 482 | |
| 1:00PM | Jan/10 Baker Hughes Total Rig Count | Jan/10 | 584 | 589 | |
| 4:30PM | Jan/08 Central Bank Balance Sheet | Jan/08 | $6.85T | $6.85T | |
| Monday, Jan 13 | |||||
| 12:00AM | Roll Date - UMBS 30YR | ||||
| 11:00AM | Dec Consumer Inflation Expectations | Dec | 3% | ||
| 11:30AM | 52-Week Bill Auction (bl) | 84 | |||
| 11:30AM | 3-Month Bill Auction | 4.205% | |||
| 11:30AM | 6-Month Bill Auction | 4.110% | |||
| 11:30AM | 26-Week Bill Auction (bl) | 72 | |||
| 2:00PM | Dec Federal budget, $ (bl) | Dec | $-367B | ||
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