Bonds Starting New Week Right in Line With Friday
Bonds Starting New Week Right in Line With Friday
When getting a sense of what's happening in the bond market, it's frequently safe to ignore the last 2 hours of trading on Friday and the first 2 on Monday. When that logic is applied today, we find yields precisely in line with Friday's 3pm levels and MBS doing just a bit better. This is the only day of the week without any major data or calendar event in the morning hours. Broader market focus remains on equities and earnings season, but Treasuries get quarterly refunding estimates at 3pm--something that can occasionally have a very noticeable impact.
Moderately weaker overnight, but pushing back since 9am ET. 10yr up 1.3bps at 4.25 and MBS down 2 ticks (.06).
Eerily Calm and Strong For 2nd Straight Day
| Time | Event | Period | Actual | Forecast | Prior |
|---|---|---|---|---|---|
| Monday, Apr 28 | |||||
| 3:00PM | Treasury Refunding Financing Estimates (%) | ||||
| 3:00PM | 10-Year Note Auction | ||||
| 3:00PM | Treasury Refunding Financing Estimates (%) | ||||
| Tuesday, Apr 29 | |||||
| 8:30AM | Mar Wholesale inventories mm (%) | Mar | 0.7% | 0.3% | |
| 9:00AM | Feb FHFA Home Price Index m/m (%) | Feb | 0.3% | 0.2% | |
| 9:00AM | Feb FHFA Home Prices y/y (%) | Feb | 4.8% | ||
| 9:00AM | Feb CaseShiller 20 mm nsa (%) | Feb | 0.1% | ||
| 9:00AM | Feb Case Shiller Home Prices-20 y/y (% ) | Feb | 4.8% | 4.7% | |
| 10:00AM | Apr CB Consumer Confidence (%) | Apr | 87 | 92.9 | |
| 10:00AM | Mar JOLTs Job Quits (ml) | Mar | 3.195M | ||
| 10:00AM | Mar USA JOLTS Job Openings | Mar | 7.5M | 7.568M | |
