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Yields Hug Multi-Week Lows After Powell Speech
Yields Hug Multi-Week Lows After Powell Speech
Bonds were remarkably resilient over the extended weekend given the moderate rebound in the stock market. As of Friday afternoon, yields and stocks swooned together in response to trade war escalation with China. Stocks recovered half those losses by 3pm, but were unchanged to slightly stronger. The morning hours suggested a modest sell-off, but buyers returned after Powell's speech. He didn't say anything that was obviously worth a rally, so perhaps it was the absence of hawkishness that helped.
Yields Hug Multi-Week Lows After Powell Speech
| Time | Event | Period | Actual | Forecast | Prior |
|---|---|---|---|---|---|
| Wednesday, Oct 15 | |||||
| 12:00AM | Roll Date - UMBS 15YR, Ginnie Mae 15YR | ||||
| 7:00AM | Oct/10 Mortgage Market Index | Oct/10 | 317.2 | 323.1 | |
| 7:00AM | Oct/10 MBA Purchase Index | Oct/10 | 166.0 | 170.6 | |
| 7:00AM | Oct/10 MBA Refi Index | Oct/10 | 1,168.0 | 1180.2 | |
| 8:30AM | Oct NY Fed Manufacturing | Oct | -1.8 | -8.7 | |
| 12:00PM | NOPA Crush Report (%) | ||||
| 12:10PM | Fed Bostic Speech | ||||
| 12:30PM | Fed Miran Speech | ||||
| 1:00PM | Fed Waller Speech | ||||
| 2:00PM | Fed Beige Book | ||||
| 2:30PM | Fed Schmid Speech | ||||
| Thursday, Oct 16 | |||||
| 8:00AM | Fed Barkin Speech | ||||
| 8:30AM | Sep/20 Continued Claims (on hold, shutdown) (k) | Sep/20 | 1930K | 1926K | |
| 8:30AM | Sep/27 Jobless Claims (on hold, shutdown) (k) | Sep/27 | 223K | 218K | |
| 8:30AM | Oct/04 Jobless Claims (on hold, shutdown) (k) | Oct/04 | 227K | ||
| 8:30AM | Sep/27 Continued Claims (on hold, shutdown) (k) | Sep/27 | 1930K | ||
| 8:30AM | Oct/04 Continued Claims (on hold, shutdown) (k) | Oct/04 | |||
| 8:30AM | Sep Core Producer Prices YY (%) | Sep | 2.8% | ||
| 8:30AM | Sep Core Producer Prices MM (%) | Sep | -0.1% | ||
| 8:30AM | Oct/11 Jobless Claims (on hold, shutdown) (k) | Oct/11 | |||
| 8:30AM | Oct Philly Fed Business Index | Oct | 10 | 23.2 | |
| 8:30AM | Sep Producer Prices (%) | Sep | 0.3% | -0.1% | |
| 8:30AM | Oct Philly Fed Prices Paid | Oct | 46.80 | ||
| 8:30AM | Sep Retail Sales (ex-autos) (%) | Sep | 0.3% | 0.7% | |
| 8:30AM | Sep Retail Sales Control Group MoM | Sep | 0.7% | ||
| 8:30AM | Sep Retail Sales (%) | Sep | 0.4% | 0.6% | |
| 9:00AM | Fed Waller Speech | ||||
| 9:00AM | Fed Barr Speech | ||||
| 9:00AM | Fed Miran Speech | ||||
| 10:00AM | Aug Business Inventories (% ) | Aug | 0.1% | 0.2% | |
| 10:00AM | Oct NAHB housing market indx | Oct | 33 | 32 | |
| 10:00AM | Fed Bowman Speech | ||||
| 12:00PM | Oct/10 Crude Oil Inventory (ml) | Oct/10 | 3.715M | ||
| 12:45PM | Fed Barkin Speech | ||||
| 4:15PM | Fed Miran Speech | ||||
| 6:00PM | Fed Kashkari Speech | ||||
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