|
|
|
Lowest Yields in Almost 4 Weeks Despite Ongoing Stock Market Recovery
Lowest Yields in Almost 4 Weeks Despite Ongoing Stock Market Recovery
There's no question that stock prices and bond yields have had more than the normal amount of correlation recently. While that created some risk of a bond market weakness in the event of a stock market correction, those fears are proving unfounded over the past 2 trading days. Granted, stocks haven't surged, but they did move back to the highest levels in a week on Monday. But bonds didn't follow. In fact, after a microscopically stronger start, yields continued to fall gradually throughout the session, ultimately closing at the lowest level since the late October Fed meeting.
Lowest Yields in Almost 4 Weeks Despite Ongoing Stock Market Recovery
| Time | Event | Period | Actual | Forecast | Prior |
|---|---|---|---|---|---|
| Tuesday, Nov 25 | |||||
| 8:15AM | ADP Employment Change Weekly | -2.5K | |||
| 8:30AM | Sep Core Producer Prices MM (%) | Sep | 0.3% | -0.1% | |
| 8:30AM | Sep Retail Sales Control Group MoM | Sep | 0.3% | 0.7% | |
| 8:30AM | Sep Retail Sales (%) | Sep | 0.4% | 0.6% | |
| 9:00AM | Sep CaseShiller 20 mm nsa (%) | Sep | -0.6% | ||
| 9:00AM | Sep Case Shiller Home Prices-20 y/y (% ) | Sep | 1.4% | 1.6% | |
| 9:00AM | Sep FHFA Home Price Index m/m (%) | Sep | 0.4% | ||
| 9:00AM | Sep FHFA Home Prices y/y (%) | Sep | 2.3% | ||
| 10:00AM | Aug Business Inventories (% ) | Aug | 0.1% | 0.2% | |
| 10:00AM | Nov CB Consumer Confidence (%) | Nov | 93.5 | 94.6 | |
| 10:00AM | Oct Pending Home Sales (%) | Oct | 0.5% | 0.0% | |
| 1:00PM | 2-Yr Note Auction (bl) | 28 | |||
| 1:00PM | 2-Year FRN Auction (%) | 0.190% | |||
| 1:00PM | 5-Yr Note Auction (bl) | 70 | |||
| Wednesday, Nov 26 | |||||
| 7:00AM | Nov/21 MBA Refi Index | Nov/21 | 1156.8 | ||
| 7:00AM | Nov/21 Mortgage Market Index | Nov/21 | 316.9 | ||
| 7:00AM | Nov/21 MBA Purchase Index | Nov/21 | 168.7 | ||
| 8:00AM | Sep Building Permits (ml) | Sep | |||
| 8:00AM | Oct Building Permits (ml) | Oct | |||
| 8:30AM | Sep Building Permits (ml) | Sep | 1.34M | 1.33M | |
| 8:30AM | Sep Core CapEx (%) | Sep | 0.6% | ||
| 8:30AM | Sep Durable goods (%) | Sep | 0.2% | 2.9% | |
| 8:30AM | Sep Wholesale inventories (o (%) | Sep | -0.2% | 0% | |
| 8:30AM | Q3 GDP deflator (%) | Q3 | 2.8% | 2.1% | |
| 8:30AM | Q3 GDP (%) | Q3 | 3% | 3.8% | |
| 8:30AM | Q3 GDP Final Sales (%) | Q3 | 7.5% | ||
| 8:30AM | Q3 Core PCE Prices QoQ | Q3 | 2.9% | 2.6% | |
| 8:30AM | Oct Building Permits (ml) | Oct | |||
| 8:30AM | Nov/15 Continued Claims (k) | Nov/15 | 1974K | ||
| 8:30AM | Nov/22 Jobless Claims (k) | Nov/22 | 227K | 220K | |
| 8:30AM | Oct Durable goods (%) | Oct | |||
| 8:30AM | Oct Core CapEx (%) | Oct | |||
| 9:45AM | Nov Chicago PMI | Nov | 43.8 | ||
| 10:00AM | Sep New Home Sales (ml) | Sep | 0.71M | 0.8M | |
| 10:00AM | Sep New Home Sales (%) (%) | Sep | 20.5% | ||
| 10:00AM | Oct New Home Sales (ml) | Oct | |||
| 10:00AM | Oct New Home Sales (%) (%) | Oct | |||
| 10:30AM | Nov/21 Crude Oil Inventory (ml) | Nov/21 | -3.426M | ||
| 11:30AM | 7-Yr Note Auction (bl) | 44 | |||
| 2:00PM | Fed Beige Book | ||||
|
|
|
|
