Bonds Recover on Oil Price Hopes
Bonds Recover on Oil Price Hopes
Bonds were weaker to start the day with oil prices moving sharply higher after last night's Trump speech. But a few hours into the trading session, the move was completely erased and reversed after some fairly simple headlines regarding Iran/Oman working on a resolution to open the Strait of Hormuz. Trump's speech and the Iran/Oman news may as well have been the only two things that happened today because those were the only moments with any serious market movement. The jobs report is on deck for tomorrow's holiday-shortened trading session.
Bonds Recover on Oil Price Hopes
| Time | Event | Period | Actual | Forecast | Prior |
|---|---|---|---|---|---|
| Thursday, Apr 02 | |||||
| 7:30AM | Mar Challenger layoffs (k) | Mar | 60.62K | 48.307K | |
| 8:30AM | Mar/28 Jobless Claims (k) | Mar/28 | 202K | 212K | 210K |
| 8:30AM | Feb Trade Gap (bl) | Feb | $-57.3B | $-59.2B | $-54.5B |
| 8:30AM | Mar/21 Continued Claims (k) | Mar/21 | 1841K | 1840K | 1819K |
| 11:00AM | Fed Logan Speech | ||||
| 8:00PM | Mar Total Vehicle Sales (ml) | Mar | 16.3M | 15.8M | |
| Friday, Apr 03 | |||||
| 8:30AM | Mar Participation Rate | Mar | 61.9% | 62% | |
| 8:30AM | Mar Unemployment rate mm (%) | Mar | 4.3% | 4.4% | 4.4% |
| 8:30AM | Mar Non Farm Payrolls (k) | Mar | 178K | 60K | -92K |
| 8:30AM | Mar Average earnings mm (%) | Mar | 0.2% | 0.3% | 0.4% |
| 9:45AM | Mar S&P Global Services PMI | Mar | 49.8 | 51.1 | 51.7 |
| 9:45AM | Mar S&P Global Composite PMI | Mar | 50.3 | 51.4 | 51.9 |
| 12:00PM | Good Friday | ||||
