Almost Like Clockwork
Almost Like Clockwork
Almost like clockwork, after several days spent mostly rallying on a headline-driven drop in oil prices, bonds reversed course as the tone of the headlines changed and oil prices bounced. That said, oil didn't bounce too much today. The rest of the drama for bonds came courtesy of a big corporate bond announcement before the open. Yields remain safely under supportive ceilings for now, but weekend-adjacent days have been prime candidates for war headline volatility. And as always, the jobs report can never be ruled out as a source of inspiration for better or worse.
Almost Like Clockwork
| Time | Event | Period | Actual | Forecast | Prior |
|---|---|---|---|---|---|
| Thursday, Aug 06 | |||||
| 5:30AM | Jul Challenger layoffs (k) | Jul | 33.429K | 45.849K | |
| 8:30AM | Jul/25 Continued Claims (k) | Jul/25 | 1801K | 1790K | 1782K |
| 8:30AM | Aug/01 Jobless Claims (k) | Aug/01 | 199K | 202K | 197K |
| 8:30AM | Q2 Unit Labour Costs QoQ Final | Q2 | 1.3% | 2.1% | 1.8% |
| 9:20AM | NY Fed Bill Purchases 4 to 12 months (%) | $3.453 billion | |||
| 5:30PM | Fed Musalem Speech | ||||
| Friday, Aug 07 | |||||
| 8:30AM | Jul Participation Rate | Jul | 61.5% | ||
| 8:30AM | Jul Unemployment rate mm (%) | Jul | 4.2% | 4.2% | |
| 8:30AM | Jul Non Farm Payrolls (k) | Jul | 80K | 57K | |
| 8:30AM | Jul Average earnings mm (%) | Jul | 0.3% | 0.3% | |
| 10:00AM | Fed Barkin Speech | ||||
| 11:00AM | Jul Consumer Inflation Expectations | Jul | 3.7% | ||
| 3:00PM | Jun Consumer credit (bl) | Jun | $10.5B | $-0.18B | |
