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Wednesday More Likely to Take Cues From Econ Data
Wednesday More Likely to Take Cues From Econ Data
Bonds benefited from heavy stock selling late in the overnight session. This is not the typical pattern seen these days, but it's not uncommon to see some positive spillover into bonds when stock losses are sharp enough. In any event, it's not something to count on when it comes to tomorrow's motivations. For that, we actually have economic data for a change. In the absence of government agency data, if we had to pick 2 reports to carry the torch, they would be ADP employment and ISM Services PMI. Tomorrow brings us both releases and, thus, a strong chance to see data-driven volatility.
Weaker after ADP. MBS are roughly unchanged and 10yr yields are up 2.3bps at 4.108.
Wednesday More Likely to Take Cues From Econ Data
| Time | Event | Period | Actual | Forecast | Prior |
|---|---|---|---|---|---|
| Wednesday, Nov 05 | |||||
| 7:00AM | Oct/31 MBA Purchase Index | Oct/31 | 163.3 | 164.3 | |
| 7:00AM | Oct/31 Mortgage Market Index | Oct/31 | 332.3 | 338.7 | |
| 7:00AM | Oct/31 MBA Refi Index | Oct/31 | 1290.8 | 1327.8 | |
| 8:15AM | Oct ADP jobs (k) | Oct | 42K | 25K | -32K |
| 9:45AM | Oct S&P Global Services PMI | Oct | 54.8 | 55.2 | 54.2 |
| 9:45AM | Oct S&P Global Composite PMI | Oct | 54.6 | 54.8 | 53.9 |
| 10:00AM | Oct ISM Services New Orders | Oct | 56.2 | 51.0 | 50.4 |
| 10:00AM | Oct ISM Biz Activity | Oct | 54.3 | 49.9 | |
| 10:00AM | Oct ISM N-Mfg PMI | Oct | 52.4 | 50.8 | 50.0 |
| 10:00AM | Oct ISM Services Employment | Oct | 48.2 | 47.6 | 47.2 |
| 10:00AM | Oct ISM Services Prices | Oct | 70.0 | 68.0 | 69.4 |
| 10:30AM | Oct/31 Crude Oil Inventory (ml) | Oct/31 | 5.202M | 0.6M | -6.858M |
| Thursday, Nov 06 | |||||
| 7:30AM | Oct Challenger layoffs (k) | Oct | 54.064K | ||
| 8:30AM | Oct/11 Continued Claims (on hold, shutdown) (k) | Oct/11 | 1930K | ||
| 8:30AM | Oct/18 Jobless Claims (on hold, shutdown) (k) | Oct/18 | 223K | ||
| 8:30AM | Oct/25 Jobless Claims (on hold, shutdown) (k) | Oct/25 | |||
| 8:30AM | Oct/18 Continued Claims (on hold, shutdown) (k) | Oct/18 | |||
| 8:30AM | Oct/25 Continued Claims (on hold, shutdown) (k) | Oct/25 | |||
| 8:30AM | Nov/01 Jobless Claims (on hold, shutdown) (k) | Nov/01 | |||
| 10:00AM | Aug Wholesale inventories (o (%) | Aug | -0.2% | 0% | |
| 10:00AM | Sep Wholesale inventories (o (%) | Sep | |||
| 11:00AM | Fed Williams Speech | ||||
| 11:00AM | Fed Barr Speech | ||||
| 12:00PM | Fed Hammack Speech | ||||
| 3:30PM | Fed Waller Speech | ||||
| 4:30PM | Fed Paulson Speech | ||||
| 5:30PM | Fed Musalem Speech | ||||
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