|
|
|
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 |
|---|---|---|---|---|---|
| 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 | -3M | -7.974M | |
| 1:00PM | 10-yr Note Auction (bl) | 39 | |||
| 2:00PM | May Federal budget (bl) | May | $-275M | $215B | |
| Thursday, Jun 11 | |||||
| 8:30AM | May PPI y/y | May | 6.4% | 6% | |
| 8:30AM | May Core PPI m/m (%) | May | 0.5% | 1% | |
| 8:30AM | May/30 Continued Claims (k) | May/30 | 1780K | 1777K | |
| 8:30AM | Jun/06 Jobless Claims (k) | Jun/06 | 219K | 225K | |
| 8:30AM | May PPI m/m (%) | May | 0.7% | 1.4% | |
| 8:30AM | May Core PPI y/y (%) | May | 5.4% | 5.2% | |
| 12:00PM | WASDE Report (%) | ||||
| 1:00PM | 30-Yr Bond Auction (bl) | 22 | |||
| 1:00PM | 30-Year Bond Auction | 5.046% | |||
|
|
|
|
