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Strange Combo of Excitement and Boredom
Strange Combo of Excitement and Boredom
Boring stuff first: there was no significant data, news, volume, or volatility today. Bonds gained modest ground early and then held mostly sideways through the 3pm CME close. In that sense, it was just like most other days during the government shutdown (and quite a few even before the shutdown). The excitement is entirely due to outright levels. It was the second best close for 10yr yields in over a year and the 2nd best for 2yr yields in over 3 years (a reflection of the rate cut outlook).
Strange Combo of Excitement and Boredom
| Time | Event | Period | Actual | Forecast | Prior |
|---|---|---|---|---|---|
| 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 | ||||
| Wednesday, Oct 22 | |||||
| 7:00AM | Oct/17 Mortgage Market Index | Oct/17 | 317.2 | ||
| 7:00AM | Oct/17 MBA Refi Index | Oct/17 | 1168.0 | ||
| 7:00AM | Oct/17 MBA Purchase Index | Oct/17 | 166.0 | ||
| 10:30AM | Oct/17 Crude Oil Inventory (ml) | Oct/17 | 3.524M | ||
| 1:00PM | 20-Yr Bond Auction (bl) | 13 | |||
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