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Complete Silence After AM Volatility
Complete Silence After AM Volatility
Bonds were mostly flat overnight before a sharp sell-off from 8am through 10am ET. After that, momentum went flat again--especially the last 4 hours of trading. No one is still debating whether or not the AM sell-off was due to Japan's central bank news or a post-holiday return to reality. Yields are back in the pre-Thanksgiving range and ready to respond to this week's bigger-ticket econ reports.
Weaker start, but bouncing back a bit now. MBS up 2 ticks (.06) and 10yr yield up 1bp at 4.098
Complete Silence After AM Volatility
| Time | Event | Period | Actual | Forecast | Prior |
|---|---|---|---|---|---|
| Tuesday, Dec 02 | |||||
| 10:00AM | Fed Bowman Speech | ||||
| 10:10AM | Dec IBD economic optimism | Dec | 47.9 | 44.1 | 43.9 |
| 2:00PM | Nov Total Vehicle Sales (ml) | Nov | 15.4M | 15.3M | |
| Wednesday, Dec 03 | |||||
| 7:00AM | Nov/28 Mortgage Market Index | Nov/28 | 317.6 | ||
| 7:00AM | Nov/28 MBA Refi Index | Nov/28 | 1090.4 | ||
| 7:00AM | Nov/28 MBA Purchase Index | Nov/28 | 181.6 | ||
| 8:15AM | Nov ADP jobs (k) | Nov | 5K | 42K | |
| 8:30AM | Sep Import prices mm (%) | Sep | 0.1% | 0.3% | |
| 8:30AM | Sep Export prices mm (%) | Sep | 0.1% | 0.3% | |
| 9:15AM | Sep Industrial Production (%) | Sep | 0% | 0.1% | |
| 9:45AM | Nov S&P Global Services PMI | Nov | 55.0 | 54.8 | |
| 9:45AM | Nov S&P Global Composite PMI | Nov | 54.8 | 54.6 | |
| 10:00AM | Nov ISM N-Mfg PMI | Nov | 52.1 | 52.4 | |
| 10:00AM | Nov ISM Services New Orders | Nov | 56.2 | ||
| 10:00AM | Nov ISM Services Prices | Nov | 70.0 | ||
| 10:00AM | Nov ISM Biz Activity | Nov | 54.3 | ||
| 10:00AM | Nov ISM Services Employment | Nov | 48.2 | ||
| 10:30AM | Nov/28 Crude Oil Inventory (ml) | Nov/28 | 2.774M | ||
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