Surprisingly Light Volatility
Surprisingly Light Volatility
Bonds digested several big ticket economic reports as well as a host of war-related headlines that probably would have caused a much bigger reaction a few weeks ago. But the net effect was an almost perfectly flat day by the 3pm CME close. If anything, the data caused some weakness and we can say bonds would have rallied more noticeably otherwise. The weak response is no surprise considering all 3 reports were stronger than expected. This also serves as a reminder that Friday's jobs report is still a relevant market mover despite a general focus on the war and energy prices.
Surprisingly Light Volatility
| Time | Event | Period | Actual | Forecast | Prior |
|---|---|---|---|---|---|
| Thursday, Apr 02 | |||||
| 7:30AM | Mar Challenger layoffs (k) | Mar | 60.62K | 48.307K | |
| 8:30AM | Feb Trade Gap (bl) | Feb | $-57.3B | $-59.2B | $-54.5B |
| 8:30AM | Mar/28 Jobless Claims (k) | Mar/28 | 202K | 212K | 210K |
| 8:30AM | Mar/21 Continued Claims (k) | Mar/21 | 1841K | 1840K | 1819K |
| 11:00AM | Fed Logan Speech | ||||
| Friday, Apr 03 | |||||
| 8:30AM | Mar Participation Rate | Mar | 62% | ||
| 8:30AM | Mar Average earnings mm (%) | Mar | 0.3% | 0.4% | |
| 8:30AM | Mar Unemployment rate mm (%) | Mar | 4.4% | 4.4% | |
| 8:30AM | Mar Non Farm Payrolls (k) | Mar | 60K | -92K | |
| 9:45AM | Mar S&P Global Services PMI | Mar | 51.1 | 51.7 | |
| 9:45AM | Mar S&P Global Composite PMI | Mar | 51.4 | 51.9 | |
| 12:00PM | Good Friday | ||||
