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Near Best Levels in a Month as Peace Deal Materializes
Near Best Levels in a Month as Peace Deal Materializes
Although at least one article (from BBC) suggested a peace deal had been signed on Friday, the real word appears to be that a signing is scheduled for Friday. That fact, along with comments on a "done deal" from both sides, helped bonds rally sharply in overnight trading. 10yr yields dropped roughly 6bps and have corrected gradually since then. Yields remain nearly 4bps lower and MBS are starting out nearly a quarter point higher.
Minimal Deal Drama. Next Week Could be Different
| Time | Event | Period | Actual | Forecast | Prior |
|---|---|---|---|---|---|
| Monday, Jun 15 | |||||
| 12:00AM | Roll Date - UMBS 15YR, Ginnie Mae 15YR | ||||
| 8:30AM | Jun NY Fed Manufacturing | Jun | 5.70 | 14 | 19.60 |
| 9:15AM | May Industrial Production (%) | May | 0.1% | 0.3% | 0.7% |
| 10:00AM | Jun NAHB housing market indx | Jun | 35 | 36 | 37 |
| 12:00PM | NOPA Crush Report (%) | ||||
| Tuesday, Jun 16 | |||||
| 8:15AM | ADP Employment Change Weekly | 29K | |||
| 8:30AM | May Import prices mm (%) | May | 1.0% | 1.9% | |
| 8:30AM | May Building Permits (ml) | May | 1.42M | 1.423M | |
| 8:30AM | May Housing starts number mm (ml) | May | 1.43M | 1.465M | |
| 11:30AM | 6-Week Bill Auction (%) | 3.600% | |||
| 1:00PM | 20-Yr Bond Auction (bl) | 13 | |||
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