Weekend Selling Reverses After Another Round of De-Escalation Headlines
Weekend Selling Reverses After Another Round of De-Escalation Headlines
Another day, another chance to sort through a barrage of war-related headlines to see which ones mattered to the bond market. In today's case, there were two distinct contenders. The first was apparently bogus. It referred to Iran considering abandoning its enrichment program and it actually caused a visible surge in volume and volatility. The second contender was a batch of headlines around 12:30ET that generally spoke to de-escalation potential and negotiation possibilities. All told, it was enough to reverse the overnight weakness seen after negotiations were allegedly abandoned.
Selling Reverses After De-Escalation Headlines
| Time | Event | Period | Actual | Forecast | Prior |
|---|---|---|---|---|---|
| Tuesday, Apr 14 | |||||
| 6:00AM | Mar NFIB Business Optimism Index | Mar | 95.8 | 98.6 | 98.8 |
| 8:15AM | ADP Employment Change Weekly | 39K | 26K | ||
| 8:30AM | Mar PPI y/y | Mar | 4% | 4.6% | 3.4% |
| 8:30AM | Mar PPI m/m (%) | Mar | 0.5% | 1.1% | 0.7% |
| 8:30AM | Mar Core PPI y/y (%) | Mar | 3.8% | 4.1% | 3.9% |
| 8:30AM | Mar Core PPI m/m (%) | Mar | 0.1% | 0.5% | 0.5% |
| 11:30AM | 6-Week Bill Auction (%) | 3.630% | 3.615% | ||
| 12:15PM | Fed Goolsbee Speech | ||||
| 12:45PM | Fed Barr Speech | ||||
| 1:00PM | Fed Collins Speech | ||||
| Wednesday, Apr 15 | |||||
| 12:00AM | Roll Date - UMBS 15YR, Ginnie Mae 15YR | ||||
| 7:00AM | Apr/10 MBA Refi Index | Apr/10 | 919.9 | ||
| 7:00AM | Apr/10 MBA Purchase Index | Apr/10 | 161.1 | ||
| 7:00AM | Apr/10 Mortgage Market Index | Apr/10 | 276.0 | ||
| 8:30AM | Apr NY Fed Manufacturing | Apr | -0.5 | -0.20 | |
| 8:30AM | Mar Import prices mm (%) | Mar | 2% | 1.3% | |
| 8:30AM | Fed Barr Speech | ||||
| 10:00AM | Apr NAHB housing market indx | Apr | 37 | 38 | |
| 10:30AM | Apr/10 Crude Oil Inventory (ml) | Apr/10 | 3.081M | ||
| 12:00PM | NOPA Crush Report (%) | ||||
| 1:45PM | Fed Bowman Speech | ||||
| 2:00PM | Fed Beige Book | ||||
