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Bonds Hold Ground Despite Some Healing in Tech
Bonds Hold Ground Despite Some Healing in Tech
Monday was exceptionally uneventful for the bond market--as is more often than not the case for data-free Mondays without any other major developments. There were some minor developments though. Tech stocks bounced back a bit, closing at their best level since last Wednesday. Corporate bond yields for Coreweave (a recent focal point for tech sector contagion potential) also moved slightly lower. On most recent occasions, that would imply upward pressure on mortgage rates. In that light, today's sideways performance was a victory.
Bonds Hold Ground Despite Some Healing in Tech
| Time | Event | Period | Actual | Forecast | Prior |
|---|---|---|---|---|---|
| Tuesday, Oct 27 | |||||
| 8:00AM | Sep Building Permits (ml) | Sep | 1.4M | 1.403M | |
| 8:15AM | ADP Employment Change Weekly | 18.5K | |||
| 8:30AM | Sep Durable goods (%) | Sep | 1.5% | 0% | |
| 8:30AM | Sep Core CapEx (%) | Sep | 0.7% | 1.6% | |
| 9:00AM | Aug FHFA Home Price Index m/m (%) | Aug | 0.2% | 0.3% | |
| 9:00AM | Aug CaseShiller 20 mm nsa (%) | Aug | 0% | ||
| 9:00AM | Aug FHFA Home Prices y/y (%) | Aug | 2.6% | ||
| 9:00AM | Aug Case Shiller Home Prices-20 y/y (% ) | Aug | 2.5% | 2.5% | |
| 10:00AM | Oct CB Consumer Confidence (%) | Oct | 81 | 81.9 | |
| 10:00AM | Sep New Home Sales (ml) | Sep | 0.65M | 0.684M | |
| 1:00PM | 5-Year Note Auction | 5.033% | |||
| Wednesday, Oct 28 | |||||
| 7:00AM | Oct/23 Mortgage Market Index | Oct/23 | 188.6 | ||
| 7:00AM | Oct/23 MBA Purchase Index | Oct/23 | 129.2 | ||
| 7:00AM | Oct/23 MBA Refi Index | Oct/23 | 503.1 | ||
| 10:30AM | Oct/23 Crude Oil Inventory (ml) | Oct/23 | -0.3M | -3.061M | |
| 11:30AM | 2-Year FRN Auction (%) | 0.040% | 0.040% | ||
| 2:00PM | Fed Interest Rate Decision | 4.0% | 4% | ||
| 2:00PM | FOMC Statement | ||||
| 2:30PM | Fed Press Conference | ||||
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