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More War. More Selling
More War. More Selling
Tuesday was as straightforward as it was unpleasant for the bond market. Mid-day news regarding new air strikes in Iran caused an immediate reaction in oil prices. This was more than enough to reverse the rally that followed this morning's 10am ET economic data. Oil prices hit the highest level since late July and bond yields matched the highest closing levels since January 2025.
More War. More Selling
| Time | Event | Period | Actual | Forecast | Prior |
|---|---|---|---|---|---|
| Wednesday, Sep 02 | |||||
| 7:00AM | Aug/28 Mortgage Market Index | Aug/28 | 245.3 | ||
| 7:00AM | Aug/28 MBA Purchase Index | Aug/28 | 154.4 | ||
| 7:00AM | Aug/28 MBA Refi Index | Aug/28 | 740.8 | ||
| 8:15AM | Aug ADP jobs (k) | Aug | 47K | 44K | |
| 10:00AM | Jul Factory orders mm (%) | Jul | 0.7% | -0.3% | |
| 10:30AM | Aug/28 Crude Oil Inventory (ml) | Aug/28 | -0.4M | 0.095M | |
| 2:00PM | Fed Beige Book | ||||
| Thursday, Sep 03 | |||||
| 5:30AM | Aug Challenger layoffs (k) | Aug | 33.429K | ||
| 8:30AM | Aug/22 Continued Claims (k) | Aug/22 | 1778K | ||
| 8:30AM | Q2 Unit Labour Costs QoQ Final | Q2 | 1.3% | 1.3% | |
| 8:30AM | Aug/29 Jobless Claims (k) | Aug/29 | 205K | 203K | |
| 8:30AM | Jul Trade Gap (bl) | Jul | $-90B | $-73.3B | |
| 8:30AM | Fed Waller Speech | ||||
| 9:45AM | Aug S&P Global Composite PMI | Aug | 56.0 | 54.5 | |
| 9:45AM | Aug S&P Global Services PMI | Aug | 56.8 | 54.6 | |
| 10:00AM | Aug ISM Services Prices | Aug | 70.3 | ||
| 10:00AM | Aug ISM Biz Activity | Aug | 59.1 | ||
| 10:00AM | Aug ISM Services Employment | Aug | 47.4 | ||
| 10:00AM | Aug ISM N-Mfg PMI | Aug | 54.3 | 54.1 | |
| 10:00AM | Aug ISM Services New Orders | Aug | 57.2 | ||
| 3:00PM | Fed Hammack Speech | ||||
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