|
|
|
Big (Bad) Things Are Happening in Bonds
Big (Bad) Things Are Happening in Bonds
There have been some bad weeks for bonds here and there over the careers of most anyone who's alive to read these words, but unless your career began before 1981 (and unless something changes drastically in the next 3 hours), you just lived through the worst week you've ever seen in terms of the jump in 10yr yields. Such things don't happen without reasons. Econ data is obviously out the window as this morning's sharply lower producer inflation did nothing to help. The laundry list of other reasons is largely unchanged as this move is a glacial sort of thing that is simply in motion until and unless something stops it. Laundry lists have been discussed in the past 2 MBS Live Recaps/Videos, and no doubt will be today as well.
The Reasons May be Esoteric, But The Selling is Real
| Time | Event | Period | Actual | Forecast | Prior |
|---|---|---|---|---|---|
| Friday, Apr 11 | |||||
| 12:00AM | Roll Date - UMBS 30YR | ||||
| 8:00AM | Fed Kashkari Speech | ||||
| 8:30AM | Mar Producer Prices (%) | Mar | -0.4% | 0.2% | 0% |
| 8:30AM | Mar Core Producer Prices YY (%) | Mar | 3.3% | 3.6% | 3.4% |
| 8:30AM | Mar Core Producer Prices MM (%) | Mar | -0.1% | 0.3% | -0.1% |
| 9:00AM | Fed Collins Speech | ||||
| 10:00AM | Apr Sentiment: 1y Inflation (%) | Apr | 6.7% | 5% | |
| 10:00AM | Apr Sentiment: 5y Inflation (%) | Apr | 4.4% | 4.1% | |
| 10:00AM | Apr U Mich conditions | Apr | 56.5 | 61.5 | 63.8 |
| 10:00AM | Apr Consumer Sentiment (ip) | Apr | 50.8 | 54.5 | 57.0 |
| 10:00AM | Fed Musalem Speech | ||||
| 11:00AM | Fed Williams Speech | ||||
| Monday, Apr 14 | |||||
| 11:00AM | Mar Consumer Inflation Expectations | Mar | 3.6% | 3.1% | |
| 12:00PM | Fed Barkin Speech | ||||
| 1:00PM | Fed Waller Speech | ||||
| 6:00PM | Fed Harker Speech | ||||
| 7:40PM | Fed Bostic Speech | ||||
|
|
|
|
