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Uneventful Summertime Monday
Uneventful Summertime Monday
Volume and--sometimes--volatility can be generally lower in the middle of the summertime months as fewer traders are consistently at bond desks--especially on days adjacent to 3-day holiday weekends. Today was a classic example. Bonds barely budged and volume is on track for one of the lightest full trading days of the year. In many ways, today was simply a 4th weekend day and we'll know more about how bonds are feeling on Tuesday. But at the very least, it's somewhat constructive to be starting the week without any extension of last week's selling pressure.
Uneventful Summertime Monday
| Time | Event | Period | Actual | Forecast | Prior |
|---|---|---|---|---|---|
| Tuesday, Jul 07 | |||||
| 8:15AM | ADP Employment Change Weekly | 30.75K | |||
| 8:30AM | May Trade Gap (bl) | May | $-78.0B | $-55.9B | |
| 9:20AM | NY Fed Bill Purchases 4 to 12 months (%) | $3.319 billion | |||
| 10:00AM | Jul IBD economic optimism | Jul | 45 | 42.5 | |
| 11:00AM | Jun Consumer Inflation Expectations | Jun | 3.5% | ||
| 11:30AM | 6-Week Bill Auction (%) | 3.655% | |||
| 1:00PM | 3-Yr Note Auction (bl) | 58 | |||
| Wednesday, Jul 08 | |||||
| 7:00AM | Jul/03 Mortgage Market Index | Jul/03 | 272.2 | ||
| 7:00AM | Jul/03 MBA Refi Index | Jul/03 | 828.7 | ||
| 7:00AM | Jul/03 MBA Purchase Index | Jul/03 | 170.6 | ||
| 10:30AM | Jul/03 Crude Oil Inventory (ml) | Jul/03 | -3.775M | ||
| 1:00PM | 10-yr Note Auction (bl) | 39 | |||
| 2:00PM | FOMC Minutes | ||||
| 3:00PM | May Consumer credit (bl) | May | $17.0B | $20.73B | |
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