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No Whammies in Wednesday's Data. JOLTS Rescheduled for Thursday
No Whammies in Wednesday's Data. JOLTS Rescheduled for Thursday
With the big jobs report on hold until next Wednesday, this morning's ADP/ISM duo had to do most of the week's heavy lifting in terms of important econ data. The response was underwhelming, at best. ADP was a complete non-event, but also fairly close to consensus. ISM was mixed and generally helped bonds hold their ground with yields moving down from highs at 10am. The day's range remained inside yesterday's and there were minimal losses by the 3pm close. The JOLTS data that was scheduled for Tuesday will now be coming out on Thursday morning.
No major reaction to ADP data. MBS down 2 ticks (.06) and 10yr up 0.7bps at 4.27
Weaker ISM Services and a slight rally in bonds. 10yr was 4.29, but now down to 4.272. MBS are 2 ticks (.06) off the lows, but still down 2 ticks on the day.
MBS down 3 ticks (.09) and 10yr up 1.3bps at 4.276
No Whammies on Wednesday
| Time | Event | Period | Actual | Forecast | Prior |
|---|---|---|---|---|---|
| Wednesday, Feb 04 | |||||
| 7:00AM | Jan/30 MBA Purchase Index | Jan/30 | 165.4 | 193.3 | |
| 7:00AM | Jan/30 MBA Refi Index | Jan/30 | 1269.7 | 1332.2 | |
| 7:00AM | Jan/30 Mortgage Market Index | Jan/30 | 330.8 | 363.3 | |
| 8:15AM | Jan ADP jobs (k) | Jan | 22K | 48K | 41K |
| 8:30AM | Jan Total Vehicle Sales (ml) | Jan | 14.9M | 15.5M | 16M |
| 9:20AM | NY Fed Bill Purchases 1 to 4 months (%) | $8.304 billion | |||
| 9:45AM | Jan S&P Global Composite PMI | Jan | 53 | 52.8 | 52.7 |
| 9:45AM | Jan S&P Global Services PMI | Jan | 52.7 | 52.5 | 52.5 |
| 10:00AM | Jan ISM Services Employment | Jan | 50.3 | 52.3 | 52.0 |
| 10:00AM | Jan ISM Services Prices | Jan | 66.6 | 64.3 | |
| 10:00AM | Jan ISM N-Mfg PMI | Jan | 53.8 | 53.5 | 54.4 |
| 10:00AM | Jan ISM Biz Activity | Jan | 57.4 | 56.0 | |
| 10:00AM | Jan ISM Services New Orders | Jan | 53.1 | 57.9 | |
| 10:30AM | Jan/30 Crude Oil Inventory (ml) | Jan/30 | -3.455M | -2M | -2.296M |
| 6:30PM | Fed Cook Speech | ||||
| Thursday, Feb 05 | |||||
| 7:30AM | Jan Challenger layoffs (k) | Jan | 35.553K | ||
| 8:30AM | Jan/31 Jobless Claims (k) | Jan/31 | 212K | 209K | |
| 8:30AM | Jan/24 Continued Claims (k) | Jan/24 | 1850K | 1827K | |
| 10:00AM | Dec USA JOLTS Job Openings (ml) | Dec | 7.2M | 7.146M | |
| 10:00AM | Dec JOLTs Job Quits (ml) | Dec | 3.161M | ||
| 10:50AM | Fed Bostic Speech | ||||
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