Solid Conclusion to a Solid Week
Solid Conclusion to a Solid Week
Bonds benefited from a one-two punch of economic data and stock market weakness on Friday, eventually helping 10yr yields flirt with their lowest levels since December 18th (Feb 5th and 7th still technically a hair lower). MBS have outperformed over that time, briefly hitting December 13th levels during today's best moments. While the morning gains were clearly tied to the S&P PMI data, afternoon gains came courtesy of a flight to safety with investors dumping stocks aggressively.
Solid Conclusion to a Solid Week
| Time | Event | Period | Actual | Forecast | Prior |
|---|---|---|---|---|---|
| Friday, Feb 21 | |||||
| 9:45AM | Feb S&P Global Services PMI | Feb | 49.7 | 53 | 52.9 |
| 9:45AM | Feb S&P Global Composite PMI | Feb | 50.4 | 52.7 | |
| 9:45AM | Feb S&P Global Manuf. PMI | Feb | 51.6 | 51.5 | 51.2 |
| 10:00AM | Feb Sentiment: 1y Inflation (%) | Feb | 4.3% | 4.3% | 3.3% |
| 10:00AM | Feb U Mich conditions | Feb | 65.7 | 68.7 | 74 |
| 10:00AM | Feb Sentiment: 5y Inflation (%) | Feb | 3.5% | 3.3% | 3.2% |
| 10:00AM | Feb Michigan Consumer Expectations Final | Feb | 64.0 | 67.3 | 69.3 |
| 10:00AM | Feb Consumer Sentiment (ip) | Feb | 64.7 | 67.8 | 71.1 |
| 10:00AM | Jan Exist. home sales % chg (%) | Jan | -4.9% | 2.2% | |
| 10:00AM | Jan Existing home sales (ml) | Jan | 4.08M | 4.12M | 4.24M |
| 11:30AM | Fed Jefferson Speech | ||||
| 11:30AM | Fed Daly Speech | ||||
| 1:00PM | Feb/21 Baker Hughes Oil Rig Count | Feb/21 | 487 | 481 | |
| 1:00PM | Feb/21 Baker Hughes Total Rig Count | Feb/21 | 592 | 588 | |
| Monday, Feb 24 | |||||
| 8:30AM | Jan National Activity Index | Jan | 0.15 | ||
| 10:30AM | Feb Dallas Fed Manufacturing Index | Feb | 14.1 | ||
| 11:30AM | 26-Week Bill Auction (bl) | 76 | |||
| 11:30AM | 6-Month Bill Auction | 4.220% | |||
| 11:30AM | 3-Month Bill Auction | 4.225% | |||
| 11:30AM | 26-Week Bill Auction (bl) | 68 | |||
| 1:00PM | 2-Year Note Auction | 4.211% | |||
| 1:00PM | 2-Yr Note Auction (bl) | 69 | |||
