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Welcoming Back Timelier BLS Data
Welcoming Back Timelier BLS Data
The Bureau of Labor Statistics (BLS) is responsible for the two most important economic reports to the bond market: The Employment Situation (aka jobs report or NFP) and The Consumer Price Index (CPI). This week marks the return of more timely installments of these reports with NFP on Tuesday (still not 100% timely, but only a week and a half late) and CPI on Thursday. In addition, we'll get October's retail sales data at the same time as NFP. This combo of data could easily set the tone through the 2nd week of January, for better or worse.
Modestly stronger overnight and holding gains so far. MBS up 2 ticks (.06) and 10yr down 1.4bps at 4.167
Back near unchanged levels. MBS up 1 tick (.03) and 10yr down 0.3bps at 4.177
10yr up 0.1bps at 4.18 and MBS up 1 tick (.03).
Forget This Week. Here Comes The Data!
| Time | Event | Period | Actual | Forecast | Prior |
|---|---|---|---|---|---|
| Monday, Dec 15 | |||||
| 12:00AM | Roll Date - UMBS 15YR, Ginnie Mae 15YR | ||||
| 8:30AM | Dec NY Fed Manufacturing | Dec | -3.90 | 10 | 18.70 |
| 9:30AM | Fed Miran Speech | ||||
| 10:00AM | Dec NAHB housing market indx | Dec | 39 | 38 | 38 |
| 10:30AM | Fed Williams Speech | ||||
| 12:00PM | NOPA Crush Report (%) | ||||
| Tuesday, Dec 16 | |||||
| 8:15AM | ADP Employment Change Weekly | 4.75K | |||
| 8:30AM | Sep Housing starts number mm (ml) | Sep | 1.32M | 1.307M | |
| 8:30AM | Oct Average earnings mm (%) | Oct | 0.2% | ||
| 8:30AM | Oct Non Farm Payrolls (k) | Oct | 119K | ||
| 8:30AM | Oct Retail Sales (%) | Oct | 0.2% | 0.2% | |
| 8:30AM | Oct Retail Sales Control Group MoM | Oct | 0.4% | -0.1% | |
| 8:30AM | Oct Housing starts number mm (ml) | Oct | |||
| 8:30AM | Nov Average earnings mm (%) | Nov | 0.2% | ||
| 8:30AM | Nov Participation Rate | Nov | 62.4% | ||
| 8:30AM | Nov Non Farm Payrolls (k) | Nov | 40K | 119K | |
| 8:30AM | Nov Unemployment rate mm (%) | Nov | 4.4% | 4.4% | |
| 8:30AM | Nov Housing starts number mm (ml) | Nov | |||
| 9:45AM | Dec S&P Global Composite PMI | Dec | 54.2 | ||
| 9:45AM | Dec S&P Global Manuf. PMI | Dec | 52 | 52.2 | |
| 9:45AM | Dec S&P Global Services PMI | Dec | 54.1 | 54.1 | |
| 10:00AM | Sep Business Inventories (% ) | Sep | 0.2% | 0% | |
| 7:00PM | International Monetary Market (IMM) Date (%) | ||||
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