Bond Market in Holiday Mode
Bond Market in Holiday Mode
Holiday mode is impossible to clearly define when it comes to its impact on the bond market. We know it when we see it, and we saw it today. Bonds paid no attention to econ data no matter how much it may seem that the 10am Consumer Sentiment numbers had an impact. Movement was minimal and not visibly tied to any other motivation. And as we already discussed this morning, Japan's rate hike was a non-event. Holiday trading randomness will get worse over the next 2 weeks before it improves in early January.
Bond Market in Holiday Mode
| Time | Event | Period | Actual | Forecast | Prior |
|---|---|---|---|---|---|
| Monday, Dec 22 | |||||
| 9:20AM | NY Fed Bill Purchases 4 to 12 months (%) | $6.801 million | |||
| 1:00PM | 2-Yr Note Auction (bl) | 69 | |||
| Tuesday, Dec 23 | |||||
| 8:00AM | Nov Building Permits (ml) | Nov | |||
| 8:15AM | ADP Employment Change Weekly | 16.25K | |||
| 8:30AM | Q3 Corporate profits (% ) | Q3 | 0.2% | ||
| 8:30AM | Q3 Core PCE Prices QoQ | Q3 | 2.9% | 2.6% | |
| 8:30AM | Oct Durable goods (%) | Oct | -1.5% | 0.5% | |
| 8:30AM | Oct Core CapEx (%) | Oct | 0.9% | ||
| 8:30AM | Q3 GDP (%) | Q3 | 3.2% | 3.8% | |
| 9:15AM | Oct Industrial Production (%) | Oct | 0.1% | 0.1% | |
| 9:15AM | Nov Industrial Production (%) | Nov | |||
| 10:00AM | Sep New Home Sales (%) (%) | Sep | 20.5% | ||
| 10:00AM | Oct New Home Sales (%) (%) | Oct | |||
| 10:00AM | Nov New Home Sales (%) (%) | Nov | |||
| 10:00AM | Sep New Home Sales (ml) | Sep | 0.71M | 0.8M | |
| 10:00AM | Oct New Home Sales (ml) | Oct | |||
| 10:00AM | Dec CB Consumer Confidence (%) | Dec | 92 | 88.7 | |
| 10:00AM | Nov New Home Sales (ml) | Nov | |||
| 1:00PM | 2-Yr Note Auction (bl) | 28 | |||
| 1:00PM | 2-Year FRN Auction (%) | 0.168% | |||
| 1:00PM | 5-Yr Note Auction (bl) | 70 | |||
