Decent Recovery After AM Backtracking
Decent Recovery After AM Backtracking
CPI data was a mixed bag for bonds. Top-line numbers fueled a quick rally and digestion of the details brought us back to negative territory (albeit with help from stronger S&P PMI data). Bonds found their footing shortly after 10am at just slightly stronger levels and then stayed mostly sideways through the close. Pretty ho-hum CPI day given all the anticipation...
Decent Recovery After AM Backtracking
| Time | Event | Period | Actual | Forecast | Prior |
|---|---|---|---|---|---|
| Friday, Oct 24 | |||||
| 8:00AM | Sep Building Permits (ml) | Sep | |||
| 8:30AM | Sep y/y Headline CPI (%) | Sep | 3% | 3.1% | 2.9% |
| 8:30AM | Sep m/m Headline CPI (%) | Sep | 0.3% | 0.4% | 0.4% |
| 8:30AM | Sep m/m CORE CPI (%) | Sep | 0.2% | 0.3% | 0.3% |
| 8:30AM | Sep y/y CORE CPI (%) | Sep | 3% | 3.1% | 3.1% |
| 8:30AM | Sep m/m CORE CPI (%) | Sep | |||
| 9:45AM | Oct S&P Global Composite PMI | Oct | 54.8 | 53.9 | |
| 9:45AM | Oct S&P Global Manuf. PMI | Oct | 52.2 | 52 | 52.0 |
| 9:45AM | Oct S&P Global Services PMI | Oct | 55.2 | 53.5 | 54.2 |
| 10:00AM | Oct Sentiment: 1y Inflation (%) | Oct | 4.6% | 4.6% | 4.7% |
| 10:00AM | Oct Sentiment: 5y Inflation (%) | Oct | 3.9% | 3.7% | 3.7% |
| 10:00AM | Oct U Mich conditions | Oct | 58.6 | 61.0 | 60.4 |
| 10:00AM | Sep New Home Sales (ml) | Sep | 0.71M | 0.8M | |
| 10:00AM | Oct Consumer Sentiment (ip) | Oct | 53.6 | 55 | 55.1 |
| 10:00AM | Sep New Home Sales (%) (%) | Sep | 20.5% | ||
| Monday, Oct 27 | |||||
| 8:30AM | Sep Core CapEx (%) | Sep | 0.6% | ||
| 8:30AM | Sep Durable goods (%) | Sep | 0.3% | 2.9% | |
| 11:30AM | 2-Yr Note Auction (bl) | 69 | |||
| 1:00PM | 5-Yr Note Auction (bl) | 70 | |||
