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Underwhelming (But Friendly) Conclusion
Underwhelming (But Friendly) Conclusion
The present week didn't manage to offer nearly as much excitement as the previous few examples, but that's not necessarily a bad thing considering yields/rates are near the lower boundary of their recent ranges. Today looked like it may have been a higher rate day at the start of the session, but bonds arrested the selling trend and reversed course after dovish comments from Fed's Waller. Europe's close was also beneficial for US bonds, helping us get all the way back into modestly stronger territory before trading levels flat-lined into the U.S. close.
Underwhelming But Friendly Conclusion
| Time | Event | Period | Actual | Forecast | Prior |
|---|---|---|---|---|---|
| Monday, Jun 23 | |||||
| 3:00AM | Fed Waller Speech | ||||
| 9:45AM | Jun S&P Global Composite PMI | Jun | 53 | ||
| 9:45AM | Jun S&P Global Manuf. PMI | Jun | 51 | 52 | |
| 9:45AM | Jun S&P Global Services PMI | Jun | 52.9 | 53.7 | |
| 10:00AM | May Existing home sales (ml) | May | 3.96M | 4M | |
| 10:00AM | May Exist. home sales % chg (%) | May | -1.3% | -0.5% | |
| 10:00AM | Fed Bowman Speech | ||||
| 1:10PM | Fed Golsbee Speech | ||||
| 2:30PM | Fed Kugler Speech | ||||
| Tuesday, Jun 24 | |||||
| 9:00AM | Apr FHFA Home Price Index m/m (%) | Apr | 0.1% | -0.1% | |
| 9:00AM | Apr CaseShiller 20 mm nsa (%) | Apr | 1.1% | ||
| 9:00AM | Apr FHFA Home Prices y/y (%) | Apr | 3.7% | ||
| 9:00AM | Apr Case Shiller Home Prices-20 y/y (% ) | Apr | 4.2% | 4.1% | |
| 9:15AM | Fed Hammack Speech | ||||
| 10:00AM | Jun CB Consumer Confidence (%) | Jun | 99.8 | 98.0 | |
| 10:00AM | Fed Chair Powell Testimony | ||||
| 12:30PM | Fed Williams Speech | ||||
| 1:00PM | 2-Yr Note Auction (bl) | 69 | |||
| 2:05PM | Fed Collins Speech | ||||
| 4:00PM | Fed Barr Speech | ||||
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