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Bonds Close Out Epic Week of Resilience With Friendly Data
Bonds Close Out Epic Week of Resilience With Friendly Data
Friday was a logically friendly day thanks to slightly lower CPI. But no matter what happened on any of the other 4 days, this week was all about bonds ending up at much stronger levels in spite of a jobs report that should have sent rates higher on Wednesday. Ironclad justification remains impossible, but the leading theory involves heavy liquidation mode in stocks/commodities on Thursday. Holiday weekend positioning could also be a factor. As such, we'll learn a lot more next Tuesday--especially if stocks find a reason to stage a big bounce.
Bonds Close Out Epic Week of Resilience With Friendly Data
| Time | Event | Period | Actual | Forecast | Prior |
|---|---|---|---|---|---|
| Tuesday, Feb 17 | |||||
| 8:15AM | ADP Employment Change Weekly | 10.25K | 6.5K | ||
| 8:30AM | Feb NY Fed Manufacturing | Feb | 7.10 | 7 | 7.70 |
| 10:00AM | Feb NAHB housing market indx | Feb | 38 | 37 | |
| 12:45PM | Fed Barr Speech | ||||
| 2:30PM | Fed Daly Speech | ||||
| Wednesday, Feb 18 | |||||
| 12:00AM | Roll Date - Ginnie Mae 30YR | ||||
| 7:00AM | Feb/13 MBA Purchase Index | Feb/13 | 161.5 | ||
| 7:00AM | Feb/13 MBA Refi Index | Feb/13 | 1284.6 | ||
| 7:00AM | Feb/13 Mortgage Market Index | Feb/13 | 329.9 | ||
| 8:30AM | Dec Housing starts number mm (ml) | Dec | 1.33M | ||
| 8:30AM | Dec Durable goods (%) | Dec | -2% | 5.3% | |
| 8:30AM | Dec Core CapEx (%) | Dec | 0.5% | 0.7% | |
| 9:15AM | Jan Industrial Production (%) | Jan | 0.4% | 0.4% | |
| 1:00PM | 20-Yr Bond Auction (bl) | 16 | |||
| 1:00PM | Fed Bowman Speech | ||||
| 2:00PM | FOMC Minutes | ||||
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