Waiting on Next Week's Data
Waiting on Next Week's Data
Friday is the quietest day of the week in terms of scheduled econ data and events, with the relatively unimportant Consumer Sentiment being the only notable report. Bonds are roughly unchanged to start the session. Treasury yields are technically a few bps higher from yesterday's 5pm levels, but right in line with 3pm (what many would argue to be the proper time to mark daily closing levels in Treasuries). Thursday's trifecta of downbeat labor data piqued the market's interest in next week's big jobs report. But between now and then, Treasuries don't seem overly eager to re-enter the sub-4.20% trading range.
modestly weaker overnight. MBS down 2 ticks (.06) and 10yr up 1.9bps at 4.199
Secret Econ Data Adding to The Rally
| Time | Event | Period | Actual | Forecast | Prior |
|---|---|---|---|---|---|
| Friday, Feb 06 | |||||
| 10:00AM | Feb Sentiment: 1y Inflation (%) | Feb | 3.5% | 4% | |
| 10:00AM | Feb U Mich conditions | Feb | 58.3 | 54.9 | 55.4 |
| 10:00AM | Feb Sentiment: 5y Inflation (%) | Feb | 3.4% | 3.3% | |
| 10:00AM | Feb Consumer Sentiment (ip) | Feb | 57.3 | 55 | 56.4 |
| 12:00PM | Fed Jefferson Speech | ||||
| 3:00PM | Dec Consumer credit (bl) | Dec | $8B | $4.23B | |
| Monday, Feb 09 | |||||
| 11:00AM | Jan Consumer Inflation Expectations | Jan | 3.4% | ||
| 1:30PM | Fed Waller Speech | ||||
| 2:30PM | Fed Miran Speech | ||||
| 3:15PM | Fed Bostic Speech | ||||
| 5:00PM | Fed Miran Speech | ||||
