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Nothing Else Happened After Initial Selling
Nothing Else Happened After Initial Selling
The typical early close for the bond market is 2pm ET. This is usually reserved for a holiday-adjacent day such as Christmas Eve or the day after Thanksgiving. Good Friday is unique. On years where it DOES NOT coincide with a jobs report, it's fully closed. Otherwise, it's open for a partial day, but only until noon ET instead of 2pm. That didn't leave much time for anything else to happen this morning after the initial bout of moderate selling pressure. It also discouraged trading volume in general--especially in light of other markets being fully closed.
Weaker after jobs report. MBS down 10 ticks (.31) and 10yr up 4.2bps at 4.349
bonds closed now. Pretty flat all day after initial selling. MBS down a quarter point. and 10yr up 3.4bps at 4.341
Nothing Else Happened After Initial Selling
| Time | Event | Period | Actual | Forecast | Prior |
|---|---|---|---|---|---|
| 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 | ||||
| Monday, Apr 06 | |||||
| 10:00AM | Mar ISM Biz Activity | Mar | 59.9 | ||
| 10:00AM | Mar ISM Services Prices | Mar | 63.0 | ||
| 10:00AM | Mar ISM Services New Orders | Mar | 58.6 | ||
| 10:00AM | Mar ISM N-Mfg PMI | Mar | 55 | 56.1 | |
| 10:00AM | Mar ISM Services Employment | Mar | 51.8 | ||
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