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No Whammies in Wednesday's Data. JOLTS Rescheduled for Thursday
No Whammies in Wednesday's Data. JOLTS Rescheduled for Thursday
With the big jobs report on hold until next Wednesday, this morning's ADP/ISM duo had to do most of the week's heavy lifting in terms of important econ data. The response was underwhelming, at best. ADP was a complete non-event, but also fairly close to consensus. ISM was mixed and generally helped bonds hold their ground with yields moving down from highs at 10am. The day's range remained inside yesterday's and there were minimal losses by the 3pm close. The JOLTS data that was scheduled for Tuesday will now be coming out on Thursday morning.
Modestly stronger overnight with additional gains after AM data. MBS up almost an eighth and 10yr down 4bps at 4.24
No Whammies on Wednesday
| Time | Event | Period | Actual | Forecast | Prior |
|---|---|---|---|---|---|
| Thursday, Feb 05 | |||||
| 7:30AM | Jan Challenger layoffs (k) | Jan | 108.435K | 35.553K | |
| 8:30AM | Jan/31 Jobless Claims (k) | Jan/31 | 231K | 212K | 209K |
| 8:30AM | Jan/24 Continued Claims (k) | Jan/24 | 1,844K | 1850K | 1827K |
| 10:00AM | Dec USA JOLTS Job Openings (ml) | Dec | 7.2M | 7.146M | |
| 10:00AM | Dec JOLTs Job Quits (ml) | Dec | 3.161M | ||
| 10:50AM | Fed Bostic Speech | ||||
| Friday, Feb 06 | |||||
| 10:00AM | Feb Sentiment: 1y Inflation (%) | Feb | 4% | ||
| 10:00AM | Feb U Mich conditions | Feb | 54.9 | 55.4 | |
| 10:00AM | Feb Sentiment: 5y Inflation (%) | Feb | 3.3% | ||
| 10:00AM | Feb Consumer Sentiment (ip) | Feb | 55 | 56.4 | |
| 12:00PM | Fed Jefferson Speech | ||||
| 3:00PM | Dec Consumer credit (bl) | Dec | $8B | $4.23B | |
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