Volatility Picked Up After a Slow Start
Volatility Picked Up After a Slow Start
This morning, more than halfway through the international trading day, bonds were on track for the narrowest trading range since February 24th. The low volatility didn't last. Sellers surfaced in response to several war-related headlines. Bond yields followed oil prices higher from 9am through 1pm ET. That said, it was still a fairly light day of movement in bonds with MBS only losing about an eighth of a point depending on when you look and 10yr yields up 3bps at 4.31+ in the final hour of trading.
Volatility Picked up After Slow Start
| Time | Event | Period | Actual | Forecast | Prior |
|---|---|---|---|---|---|
| Thursday, Apr 16 | |||||
| 8:30AM | Apr/11 Jobless Claims (k) | Apr/11 | 207K | 215K | 218K |
| 8:30AM | Apr/04 Continued Claims (k) | Apr/04 | 1818K | 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 | -0.5% | 0.1% | 0.2% |
| 10:20AM | NY Fed Bill Purchases 4 to 12 months (%) | $5.058 billion | |||
| 10:35AM | Fed Miran Speech | ||||
| Friday, Apr 17 | |||||
| 12:15PM | Fed Barkin Speech | ||||
| 2:00PM | Fed Waller Speech | ||||