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Uneventful Friday, Even if Slightly Weaker
Uneventful Friday, Even if Slightly Weaker
Friday's trading session was the most uneventful of the week. It began with moderate losses in the overnight session in concert with stock market gains. Some traders attributed this to improved odds of avoiding a government shutdown by tonight's deadline. The only scheduled economic data was the Consumer Sentiment report which has fallen by the wayside to some extent as the results are increasingly discounted as being clouded by political affiliations of respondents. Nonetheless, the uptick in inflation expectations was notable and worth a bit of extra weakness in bonds at the time. Even so, bonds remains well within the range set by yesterday's trading. The result is an "inside day" in market jargon, which one could either read as "indecisive" or "boring." We'd lean toward the latter.
Uneventful Friday, Despite Modest Weakness
| Time | Event | Period | Actual | Forecast | Prior |
|---|---|---|---|---|---|
| Monday, Mar 17 | |||||
| 12:00AM | Roll Date - UMBS 15YR, Ginnie Mae 15YR | ||||
| 8:30AM | Feb Retail Sales YoY | Feb | 3.1% | 4.2% | |
| 8:30AM | Feb Retail Sales Control Group MoM | Feb | 1% | 0.2% | -0.8% |
| 8:30AM | Feb Retail Sales Ex Gas/Autos MoM | Feb | 0.5% | 0.4% | -0.5% |
| 8:30AM | Feb Retail Sales (%) | Feb | 0.2% | 0.6% | -0.9% |
| 8:30AM | Mar NY Fed Manufacturing | Mar | -20 | -0.75 | 5.7 |
| 8:30AM | Feb Retail Sales (ex-autos) (%) | Feb | 0.3% | 0.4% | -0.4% |
| 10:00AM | Jan Retail Inventories Ex Autos MoM Adv | Jan | 0.4% | -0.1% | |
| 10:00AM | Jan Business Inventories (% ) | Jan | 0.3% | -0.2% | |
| 10:00AM | Mar NAHB housing market indx | Mar | 42 | 42 | |
| 11:30AM | 26-Week Bill Auction (bl) | 76 | |||
| 11:30AM | 3-Month Bill Auction | 4.200% | |||
| 11:30AM | 6-Month Bill Auction | 4.075% | |||
| 11:30AM | 26-Week Bill Auction (bl) | 68 | |||
| 12:00PM | NOPA Crush Report (%) | ||||
| Tuesday, Mar 18 | |||||
| 8:30AM | Feb Building Permits (ml) | Feb | 1.450M | 1.473M | |
| 8:30AM | Feb Export prices mm (%) | Feb | 2% | 1.3% | |
| 8:30AM | Feb Build permits: change mm (%) | Feb | -0.6% | ||
| 8:30AM | Feb Export Prices YoY | Feb | 2.7% | ||
| 8:30AM | Feb Import prices mm (%) | Feb | -0.1% | 0.3% | |
| 8:30AM | Feb Housing starts number mm (ml) | Feb | 1.375M | 1.366M | |
| 8:30AM | Feb Import Prices YoY | Feb | 1.9% | ||
| 8:30AM | Feb House starts mm: change (%) | Feb | -9.8% | ||
| 8:55AM | Mar/15 Redbook yy (%) | Mar/15 | 5.7% | ||
| 9:15AM | Feb Industrial Production YoY | Feb | 2% | ||
| 9:15AM | Feb Industrial Production (%) | Feb | 0.2% | 0.5% | |
| 9:15AM | Feb Manufacturing Production YoY | Feb | 1% | ||
| 9:15AM | Feb Manufacturing Production MoM | Feb | -0.1% | ||
| 9:15AM | Feb Capacity Utilization (%) | Feb | 77.8% | 77.8% | |
| 11:30AM | 26-Week Bill Auction (bl) | 70 | |||
| 11:30AM | 52-Week Bill Auction | 4.05% | |||
| 11:30AM | 52-Week Bill Auction (bl) | 48 | |||
| 1:00PM | 20-Yr Bond Auction (bl) | 13 | |||
| 1:00PM | 20-Year Bond Auction | 4.83% | |||
| 4:30PM | Mar/14 API weekly crude stocks (ml) | Mar/14 | 4.247M | ||
| 8:00PM | International Monetary Market (IMM) Date (%) | ||||
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