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Bonds Calmly Hold Overnight Gains
Bonds Calmly Hold Overnight Gains
This morning's commentary focused on a bond rally in response to an absence of heavy-handed specificity in Trump's initial salvo of executive orders--specifically with respect to trade policy. In not so many words, massive, immediate tariffs have been referred to agencies for research and comment. Bonds (via futures) rallied on the news yesterday and into the overnight session. Without any new sources of inspiration today, the overnight gains remained intact and volatility was generally absent.
Bonds Calmly Hold Overnight Gains
| Time | Event | Period | Actual | Forecast | Prior |
|---|---|---|---|---|---|
| Wednesday, Jan 22 | |||||
| 7:00AM | Jan/17 Mortgage Market Index | Jan/17 | 224.6 | 224.4 | |
| 7:00AM | Jan/17 MBA Refi Index | Jan/17 | 558.8 | 575.6 | |
| 7:00AM | Jan/17 MBA Mortgage Applications | Jan/17 | 0.1% | 33.3% | |
| 7:00AM | Jan/17 MBA 30-yr mortgage rate (%) | Jan/17 | 7.02% | 7.09% | |
| 7:00AM | Jan/17 MBA Purchase Index | Jan/17 | 163.0 | 162.0 | |
| 8:55AM | Jan/18 Redbook yy (%) | Jan/18 | 4.5% | 4% | |
| 10:00AM | Dec CB Leading Index MoM (%) | Dec | 0% | 0.3% | |
| 11:30AM | 17-Week Bill Auction (%) | 4.210% | |||
| 1:00PM | 20-Yr Bond Auction (bl) | 13 | |||
| 1:00PM | 20-Year Bond Auction | 4.686% | |||
| 4:30PM | Jan/17 API weekly crude stocks (ml) | Jan/17 | -2.6M | ||
| Thursday, Jan 23 | |||||
| 8:30AM | Jan/18 Jobless claims 4-wk avg (k) | Jan/18 | 212.75K | ||
| 8:30AM | Jan/18 Jobless Claims (k) | Jan/18 | 220K | 217K | |
| 8:30AM | Jan/11 Continued Claims (ml) | Jan/11 | 1860K | 1859K | |
| 10:30AM | Jan/17 Nat gas-EIA, change bcf | Jan/17 | -258Bcf | ||
| 11:00AM | Jan/17 EIA Refinery Crude Runs Change | Jan/17 | -0.255M | ||
| 11:00AM | Jan/17 EIA Crude Oil Imports Change | Jan/17 | -1.304M | ||
| 11:00AM | Jan/17 Crude Oil Inventory (ml) | Jan/17 | -1.961M | ||
| 11:00AM | Jan/17 EIA Distillate Fuel Production Change | Jan/17 | -0.021M | ||
| 11:00AM | Jan/17 EIA Distillate Stocks Change | Jan/17 | 3.077M | ||
| 11:00AM | Jan/17 EIA Gasoline Production Change | Jan/17 | 0.397M | ||
| 11:00AM | Jan/17 EIA Cushing Crude Oil Stocks Change | Jan/17 | 0.765M | ||
| 11:00AM | Jan/17 EIA Gasoline Stocks Change | Jan/17 | 5.852M | ||
| 11:00AM | Jan/17 EIA Heating Oil Stocks Change | Jan/17 | 0.646M | ||
| 11:30AM | 4-Week Bill Auction | 4.240% | |||
| 11:30AM | 8-Week Bill Auction | 4.235% | |||
| 12:00PM | Jan/23 15-Year Mortgage Rate | Jan/23 | 6.27% | ||
| 12:00PM | Jan/23 30-Year Mortgage Rate | Jan/23 | 7.04% | ||
| 1:00PM | 10-Year TIPS Auction | 2.071% | |||
| 1:00PM | 10-yr Note Auction (bl) | 20 | |||
| 4:30PM | Jan/22 Central Bank Balance Sheet | Jan/22 | $6.83T | ||
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