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Bonds End Up Little-Changed. Other Markets May Have Helped
Bonds End Up Little-Changed. Other Markets May Have Helped
Bonds began the day with a bit of selling pressure. It was almost too small to draw much attention to. MBS never dropped below yesterday's lows and 10yr yields merely moved back up to overnight highs (also, no higher than yesterday's highs). In other words, it was "in-range weakness"--the kind of thing we often view as incidental and inconsequential. Shortly after the 9:30am NYSE open, stocks tanked hard along with several of the recently volatile commodities. Bonds benefited from that selling, but didn't lose any ground after the stock/commodities move reversed.
Bonds Little-Changed. Other Markets May Have Helped
| Time | Event | Period | Actual | Forecast | Prior |
|---|---|---|---|---|---|
| Friday, Jan 30 | |||||
| 8:30AM | Dec Core PPI y/y (%) | Dec | 3.3% | 2.9% | 3% |
| 8:30AM | Dec Core PPI m/m (%) | Dec | 0.7% | 0.2% | 0% |
| 8:30AM | Dec PPI y/y | Dec | 3.0% | 2.7% | 3% |
| 8:30AM | Dec PPI m/m (%) | Dec | 0.5% | 0.2% | 0.2% |
| 9:45AM | Jan Chicago PMI | Jan | 44 | 43.5 | |
| 5:00PM | Fed Bowman Speech | ||||
| Monday, Feb 02 | |||||
| 9:20AM | NY Fed Bill Purchases 4 to 12 months (%) | $6.921 billion | |||
| 9:45AM | Jan S&P Global Manuf. PMI | Jan | 51.9 | 51.8 | |
| 10:00AM | Jan ISM Manufacturing Employment | Jan | 44.9 | ||
| 10:00AM | Jan ISM Manufacturing PMI | Jan | 48.3 | 47.9 | |
| 10:00AM | Jan ISM Mfg Prices Paid | Jan | 58.5 | ||
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