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Better Buying at 8:20am Open; No Data
Better Buying at 8:20am Open; No Data
New week. Same grind. We're waiting (likely for a good while longer) for the government shutdown to end before the most relevant econ data can truly exert influence on the bond market in the big picture. On the plus side, the trading in the interim has erred on the bullish side thanks to the available non-gov data and anxiety over trade tensions. So far this morning, bonds have rallied at the 8:20am CME open which is just something that can happen serendipitously due to trader positioning and is not tied to any underlying motivation in news/data.
Slightly weaker overnight, but now stronger after 8:20am rally. 10yr down 1.6bps at 3.994 and MBS up 3 ticks (.09)
Logical Pull-Back on Tamer Tariff Talk
| Time | Event | Period | Actual | Forecast | Prior |
|---|---|---|---|---|---|
| Monday, Oct 20 | |||||
| 10:00AM | Sep CB Leading Index (on hold due to shutdown) (%) | Sep | -0.3% | -0.5% | |
| Tuesday, Oct 21 | |||||
| 9:00AM | Fed Waller Speech | ||||
| 10:30AM | NY Fed Treasury Purchases 1 to 2.5 yrs (%) | $75 million | |||
| 3:30PM | Fed Waller Speech | ||||
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