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Bonds Rally on Peace Deal Hopes
Bonds Rally on Peace Deal Hopes
The day ended as it began: with bond yields and oil prices dropping in unison based on hopeful headlines surrounding the Iran war. Perhaps the market was in the mood for a rally because the headlines weren't particularly specific or compelling. Oil prices are closer to the middle of their range for the month of August whereas 10yr yields are closer to the low end of the range. This could suggest a bit of a willingness to rally on the part of the bond market, but sustaining the rally would require continued cooperation from oil as well as econ data.
Bonds Rally on Peace Deal Hopes
| Time | Event | Period | Actual | Forecast | Prior |
|---|---|---|---|---|---|
| Tuesday, Aug 25 | |||||
| 8:00AM | Fed Barkin Speech | ||||
| 8:15AM | ADP Employment Change Weekly | 11.75K | 9.5K | ||
| 8:30AM | Jul Building Permits (ml) | Jul | 1.433M | 1.443M | 1.374M |
| 9:00AM | Jun FHFA Home Price Index m/m (%) | Jun | 0% | 0.2% | 0.3% |
| 9:00AM | Jun FHFA Home Prices y/y (%) | Jun | 2.3% | 2.2% | |
| 9:00AM | Jun Case Shiller Home Prices-20 y/y (% ) | Jun | 2.1% | 1.7% | 1.6% |
| 9:00AM | Jun CaseShiller 20 mm nsa (%) | Jun | 0.4% | 0.9% | |
| 10:00AM | Jul New Home Sales (ml) | Jul | 0.607M | 0.62M | 0.628M |
| 10:00AM | Jul New Home Sales (%) (%) | Jul | -10.5% | 1.6% | |
| 10:00AM | Aug CB Consumer Confidence (%) | Aug | 89.4 | 90.2 | 90.8 |
| 11:30AM | 6-Week Bill Auction (%) | 3.650% | 3.645% | ||
| 1:00PM | 2-Yr Note Auction (bl) | 69 | |||
| 4:00PM | Fed Barkin Speech | ||||
| Wednesday, Aug 26 | |||||
| 7:00AM | Aug/21 MBA Refi Index | Aug/21 | 755.9 | ||
| 7:00AM | Aug/21 MBA Purchase Index | Aug/21 | 154.8 | ||
| 7:00AM | Aug/21 Mortgage Market Index | Aug/21 | 247.7 | ||
| 8:30AM | Q2 Corporate profits (% ) | Q2 | 0.5% | ||
| 8:30AM | Q2 PCE Prices (Q/Q) | Q2 | 5.1% | 4.6% | |
| 8:30AM | Jul PCE prices (m/m) (%) | Jul | 0.1% | -0.1% | |
| 8:30AM | Q2 GDP Final Sales (%) | Q2 | 2.2% | 1.9% | |
| 8:30AM | Q2 Core PCE Prices QoQ | Q2 | 3.4% | 4.4% | |
| 8:30AM | Jul Durable goods (%) | Jul | 0.7% | 0.3% | |
| 8:30AM | Jul Core PCE (y/y) (%) | Jul | 3.3% | 3.3% | |
| 8:30AM | Jul Core PCE (m/m) (%) | Jul | 0.2% | 0.1% | |
| 8:30AM | Jul Core CapEx (%) | Jul | 0.9% | 0.9% | |
| 8:30AM | Jul PCE (y/y) (%) | Jul | 3.6% | 3.7% | |
| 8:30AM | Q2 GDP (%) | Q2 | 1.5% | 2.1% | |
| 10:30AM | Aug/21 Crude Oil Inventory (ml) | Aug/21 | 1.9M | 4.405M | |
| 11:30AM | 2-Yr Note Auction (bl) | 28 | |||
| 11:45AM | Fed Barkin Speech | ||||
| 1:00PM | 2-Year FRN Auction (%) | 0.050% | |||
| 1:00PM | 5-Yr Note Auction (bl) | 70 | |||
| 8:00PM | Jackson Hole Symposium | ||||
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