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Bonds Build on Overnight Gains After Another Tariff Change
Bonds Build on Overnight Gains After Another Tariff Change
It was a low drama session for bonds with overnight gains managing to remain intact during the AM hours and additional improvement in the PM hours. There wasn't any glaringly obvious individual market mover during domestic hours, although some would say comments from Fed's Waller certainly didn't hurt. Rather, we saw consistent, moderate, generalized buying demand as traders need not price in as much panic as last week if the tariff outlook is becoming progressively less onerous. Whether this is a brief reprieve remains to be seen. And we may have to wait a bit longer to sort that out considering there are only 2.5 more days left to trade this week due to the holiday calendar.
Bonds Build on Overnight Gains After Tariff Exclusions
| Time | Event | Period | Actual | Forecast | Prior |
|---|---|---|---|---|---|
| Tuesday, Apr 15 | |||||
| 12:00AM | Roll Date - UMBS 15YR, Ginnie Mae 15YR | ||||
| 8:30AM | Mar Import prices mm (%) | Mar | -0.1% | 0% | 0.4% |
| 8:30AM | Mar Export prices mm (%) | Mar | 0% | 0% | 0.1% |
| 8:30AM | Apr NY Fed Manufacturing | Apr | -8.10 | -14.5 | -20.00 |
| 11:35AM | Fed Barkin Speech | ||||
| 12:00PM | NOPA Crush Report (%) | ||||
| 7:10PM | Fed Cook Speech | ||||
| Wednesday, Apr 16 | |||||
| 7:00AM | Apr/11 MBA Purchase Index | Apr/11 | 164.2 | 172.7 | |
| 7:00AM | Apr/11 MBA Refi Index | Apr/11 | 841.9 | 961.4 | |
| 8:30AM | Mar Retail Sales (ex-autos) (%) | Mar | 0.5% | 0.3% | 0.3% |
| 8:30AM | Mar Retail Sales (%) | Mar | 1.4% | 1.3% | 0.2% |
| 8:30AM | Mar Retail Sales Control Group MoM | Mar | 0.4% | 0.6% | 1% |
| 9:15AM | Mar Industrial Production (%) | Mar | -0.3% | -0.2% | 0.7% |
| 10:00AM | Feb Business Inventories (% ) | Feb | 0.2% | 0.2% | 0.3% |
| 10:00AM | Apr NAHB housing market indx | Apr | 40 | 37 | 39 |
| 10:30AM | Apr/11 Crude Oil Inventory (ml) | Apr/11 | 0.515M | 0.4M | 2.553M |
| 11:30AM | 17-Week Bill Auction | 4.225% | 4.250% | ||
| 12:00PM | Fed Hammack Speech | ||||
| 1:00PM | 20-Yr Bond Auction (bl) | 13 | |||
| 1:30PM | Fed Chair Powell Speech | ||||
| 7:00PM | Fed Schmid Speech | ||||
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