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Bonds End at Strongest Levels
Bonds End at Strongest Levels
Unlike yesterday, which saw an uneventful open give way to intraday weakness, today's momentum was mostly friendly. Bonds avoided panicking in the morning hours. Mid-day war-related headlines made for some quick 2-way trading in the noon hour, but yields never went any higher than the AM highs. After sorting out that volatility, steady gain brought yields to the lowest levels of the day in the final hour of trading. For context, this is right on the highest edge of the short-term range seen in the week and a half leading up to the jobs report.
Bonds End at Strongest Levels
| Time | Event | Period | Actual | Forecast | Prior |
|---|---|---|---|---|---|
| Tuesday, Jun 09 | |||||
| 6:00AM | May NFIB Business Optimism Index | May | 95.3 | 96.0 | 95.9 |
| 8:15AM | ADP Employment Change Weekly | 29K | 35.75K | ||
| 8:30AM | Apr Trade Gap (bl) | Apr | $-55.9B | $-56.1B | $-60.3B |
| 9:20AM | NY Fed Bill Purchases 4 to 12 months (%) | $3.288 billion | |||
| 10:00AM | May Exist. home sales % chg (%) | May | 3.2% | 0.2% | |
| 10:00AM | May Existing home sales (ml) | May | 4.17M | 4.07M | 4.02M |
| 11:30AM | 6-Week Bill Auction (%) | 3.600% | 3.625% | ||
| 12:00PM | EIA Short-Term Energy Outlook (%) | ||||
| 1:00PM | 3-Yr Note Auction (bl) | 58 | |||
| Wednesday, Jun 10 | |||||
| 12:00AM | Roll Date - UMBS 30YR | ||||
| 7:00AM | Jun/05 Mortgage Market Index | Jun/05 | 252.8 | ||
| 7:00AM | Jun/05 MBA Refi Index | Jun/05 | 736.2 | ||
| 7:00AM | Jun/05 MBA Purchase Index | Jun/05 | 164.8 | ||
| 8:30AM | May y/y Headline CPI (%) | May | 4.2% | 3.8% | |
| 8:30AM | May m/m Headline CPI (%) | May | 0.5% | 0.6% | |
| 8:30AM | May y/y CORE CPI (%) | May | 2.9% | 2.8% | |
| 8:30AM | May m/m CORE CPI (%) | May | 0.3% | 0.4% | |
| 10:30AM | Jun/05 Crude Oil Inventory (ml) | Jun/05 | -5.1M | -7.974M | |
| 1:00PM | 10-yr Note Auction (bl) | 39 | |||
| 2:00PM | May Federal budget (bl) | May | $-275M | $215B | |
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