No Help From Jobless Claims or Europe
No Help From Jobless Claims or Europe
US bonds have been taking clear cues from Europe in overnight trading recently. Today's example involved a 3bp sell-off on both sides of the Atlantic. The 8:30am Jobless Claims data may be garnering more volume, but it has only added modestly to the morning's selling pressure so far.
Ultimately Underwhelming Despite Seemingly Significant Data
| Time | Event | Period | Actual | Forecast | Prior |
|---|---|---|---|---|---|
| Thursday, Jan 08 | |||||
| 5:30AM | Dec Challenger layoffs (k) | Dec | 35.553K | 71.321K | |
| 8:30AM | Oct Trade Gap (bl) | Oct | $-29.4B | $-58.9B | $-52.8B |
| 8:30AM | Jan/03 Jobless Claims (k) | Jan/03 | 208K | 210K | 199K |
| 8:30AM | Dec/27 Continued Claims (k) | Dec/27 | 1914K | 1900K | 1866K |
| 9:20AM | NY Fed Bill Purchases 1 to 4 months (%) | $8.165 million | |||
| 11:00AM | Dec Consumer Inflation Expectations | Dec | 3.4% | 3.2% | |
| 3:00PM | Nov Consumer credit (bl) | Nov | $4.23B | $10B | $9.18B |
| Friday, Jan 09 | |||||
| 8:30AM | Dec Participation Rate | Dec | 62.4% | 62.5% | |
| 8:30AM | Dec Average earnings mm (%) | Dec | 0.3% | 0.3% | 0.1% |
| 8:30AM | Dec Non Farm Payrolls (k) | Dec | 50K | 60K | 64K |
| 8:30AM | Dec Unemployment rate mm (%) | Dec | 4.4% | 4.5% | 4.6% |
| 10:00AM | Jan Sentiment: 5y Inflation (%) | Jan | 3.2% | ||
| 10:00AM | Jan Sentiment: 1y Inflation (%) | Jan | 4.2% | ||
| 10:00AM | Jan U Mich conditions | Jan | 50.4 | ||
| 10:00AM | Jan Consumer Sentiment (ip) | Jan | 53.5 | 52.9 | |
