Very Small Token Pull-Back
Very Small Token Pull-Back
Nothing really happened on Wednesday as far as the bond market was concerned. Yields were technically a few bps higher thus preserving the phenomenon of rally momentum being limited to 48-hour windows since the start of the Iran war. Despite a barrage of war-related headlines, there was remarkably light volatility in oil prices. Markets seem to be waiting on truly momentous developments (such as a major resumption of hostilities or a confirmed/permanent ceasefire). In the meantime, stocks and bonds both did their own thing today without any of the recently typical correlation to oil prices.
Very Small Token Pull-Back
| Time | Event | Period | Actual | Forecast | Prior |
|---|---|---|---|---|---|
| Thursday, Apr 16 | |||||
| 8:30AM | Apr/11 Jobless Claims (k) | Apr/11 | 207.0K | 215K | 219K |
| 8:30AM | Apr/04 Continued Claims (k) | Apr/04 | 1818.0K | 1810K | 1794K |
| 8:30AM | Apr Philly Fed Prices Paid | Apr | 59.30 | 44.70 | |
| 8:30AM | Apr Philly Fed Business Index | Apr | 26.7 | 10 | 18.1 |
| 8:35AM | Fed Williams Speech | ||||
| 9:15AM | Mar Industrial Production (%) | Mar | 0.1% | 0.2% | |
| 10:35AM | Fed Miran Speech | ||||
| Friday, Apr 17 | |||||
| 12:15PM | Fed Barkin Speech | ||||
| 2:00PM | Fed Waller Speech | ||||
