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Bonds Turn Green After Econ Data and Treasury Auction
Bonds Turn Green After Econ Data and Treasury Auction
Bonds began the day in slightly weaker territory as yields continue to drift inside the narrow post-Fed range. The absence of big-ticket econ data is a key reason for the lack of volatility. But the lower-tier econ data can still move the needle as evidenced by this morning's NY Fed Survey of Consumer Expectations. The survey showed a slight deterioration in attitudes about the labor market. Bonds moved into stronger territory after that and went on to hit the day's best levels shortly after a well-received 3yr Treasury auction.
Modestly weaker overnight, but moving into positive territory now. MBS up 1 tick (.03) and 10yr down 0.4bps at 4.142
Gains continue. MBS up 3 ticks (.09) and 10yr down 2.7bps at 4.121
Temporary gains after strong 3yr auction, but back to pre-auction levels now. MBS up 2 ticks (.06) and 10yr down 2.3bps at 4.125
Bonds Turn green After Data and Treasury Auction
| Time | Event | Period | Actual | Forecast | Prior |
|---|---|---|---|---|---|
| Tuesday, Oct 07 | |||||
| 10:00AM | Fed Bostic Speech | ||||
| 10:05AM | Fed Bowman Speech | ||||
| 10:10AM | Oct IBD economic optimism | Oct | 48.3 | 49.3 | 48.7 |
| 10:30AM | Fed Miran Speech | ||||
| 11:00AM | Sep Consumer Inflation Expectations | Sep | 3.4% | 3.2% | |
| 11:30AM | Fed Kashkari Speech | ||||
| 1:00PM | 3-Yr Note Auction (bl) | 58 | |||
| 3:00PM | Aug Consumer credit (bl) | Aug | $0.36B | $13.5B | $16.01B |
| 4:05PM | Fed Miran Speech | ||||
| Wednesday, Oct 08 | |||||
| 7:00AM | Oct/03 Mortgage Market Index | Oct/03 | 339.1 | ||
| 7:00AM | Oct/03 MBA Refi Index | Oct/03 | 1278.6 | ||
| 7:00AM | Oct/03 MBA Purchase Index | Oct/03 | 172.7 | ||
| 9:20AM | Fed Musalem Speech | ||||
| 9:30AM | Fed Barr Speech | ||||
| 10:30AM | Oct/03 Crude Oil Inventory (ml) | Oct/03 | 2.25M | 1.792M | |
| 1:00PM | 10-yr Note Auction (bl) | 39 | |||
| 2:00PM | FOMC Minutes | ||||
| 3:15PM | Fed Kashkari Speech | ||||
| 5:45PM | Fed Barr Speech | ||||
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