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Big, Early Rally, Then Flat All Day
Big, Early Rally, Then Flat All Day
On any given day in the bond market, Sometimes everything that's going to happen ends up happening in the morning, thus leaving the rest of the day to drift almost perfectly sideways. Thursday was one of those days. Overseas markets dogpiled on Wednesday afternoon's tariff reaction, sending stocks ripping lower and bond yields following. By the time US markets began active trading, most of the gains were in for bonds. MBS, specifically, barely budged from 11:40am through the close.
Big, Early Rally, Then Flat All Day
| Time | Event | Period | Actual | Forecast | Prior |
|---|---|---|---|---|---|
| Friday, Apr 04 | |||||
| 8:30AM | Mar Average earnings mm (%) | Mar | 0.3% | 0.3% | 0.3% |
| 8:30AM | Mar Non Farm Payrolls (k) | Mar | 228K | 135K | 151K |
| 8:30AM | Mar Participation Rate | Mar | 62.5% | 62.4% | |
| 8:30AM | Mar Unemployment rate mm (%) | Mar | 4.2% | 4.1% | 4.1% |
| 11:25AM | Fed Chair Powell Speech | ||||
| 12:00PM | Fed Barr Speech | ||||
| 12:45PM | Fed Waller Speech | ||||
| Monday, Apr 07 | |||||
| 10:30AM | Fed Kugler Speech | ||||
| 3:00PM | Feb Consumer credit (bl) | Feb | $15.2B | $18.08B | |
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