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Giving Peace (And Bonds?) a Chance
Giving Peace (And Bonds?) a Chance
Granted, it may be far less promising than some of the more conclusive headlines that led up to previous ceasefires and peace memos, but Tuesday delivered at least a modicum of hope that war sentiment is shifting. In not so many words, an Israeli media outlet reported that U.S./Iran mediators are getting closer to re-implementing the previous memo of understanding that paved the way toward more permanent peace. Markets take this with a grain of salt for obvious reasons, but it was enough to lift stocks and cause a small-but-quick drop in oil prices and bond yields. There were no other major market movers in play.
Giving Peace (And Bonds) a Chance
| Time | Event | Period | Actual | Forecast | Prior |
|---|---|---|---|---|---|
| Wednesday, Jul 29 | |||||
| 7:00AM | Jul/24 MBA Refi Index | Jul/24 | 723.1 | 802.3 | |
| 7:00AM | Jul/24 Mortgage Market Index | Jul/24 | 247.2 | 264.0 | |
| 7:00AM | Jul/24 MBA Purchase Index | Jul/24 | 159.8 | 165.8 | |
| 10:30AM | Jul/24 Crude Oil Inventory (ml) | Jul/24 | -1.75M | 2.011M | |
| 11:30AM | 2-Year FRN Auction (%) | 0.079% | |||
| 11:30AM | 2-Yr Note Auction (bl) | 30 | |||
| 2:00PM | Fed Interest Rate Decision | 3.75% | 3.75% | ||
| 2:30PM | Fed Press Conference | ||||
| Thursday, Jul 30 | |||||
| 8:30AM | Jul/25 Jobless Claims (k) | Jul/25 | 200K | 187K | |
| 8:30AM | Jul/18 Continued Claims (k) | Jul/18 | 1800K | 1796K | |
| 8:30AM | Q2 Core PCE Prices QoQ | Q2 | 3.5% | 4.4% | |
| 8:30AM | Q2 GDP Final Sales (%) | Q2 | 1.9% | ||
| 8:30AM | Q2 GDP (%) | Q2 | 2.1% | 2.1% | |
| 8:30AM | Jun Core PCE (m/m) (%) | Jun | 0.2% | 0.3% | |
| 8:30AM | Jun Core PCE (y/y) (%) | Jun | 3.3% | 3.4% | |
| 8:30AM | Q2 PCE Prices (Q/Q) | Q2 | 4.6% | ||
| 8:30AM | Jun PCE prices (m/m) (%) | Jun | -0.1% | 0.4% | |
| 8:30AM | Jun PCE (y/y) (%) | Jun | 3.7% | 4.1% | |
| 9:20AM | NY Fed Bill Purchases 1 to 4 months (%) | $5.179 billion | |||
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