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Slightly Weaker as Stocks Recover. CPI On Deck
Slightly Weaker as Stocks Recover. CPI On Deck
In the bigger picture, today offers little by way of actionable new info for the bond market. Unsurprisingly, volatility is being dictated by a decently big bounce in equities. Stocks were sideways to slightly stronger overnight, but have jumped somewhat sharply at the 9:30am NYSE open. Roughly half of last Thursday's rout has now been erased. Bonds weren't nearly as eager to move on Thursday relative to stocks and the same is true so far this morning. Tomorrow's CPI is the first major test this week.
Very Strong Showing Considering Headwinds
| Time | Event | Period | Actual | Forecast | Prior |
|---|---|---|---|---|---|
| Monday, Nov 09 | |||||
| 10:00AM | Oct CB Employment Trends Index | Oct | 108.36 | 107.56 | |
| 11:00AM | Oct Consumer Inflation Expectations | Oct | 3.9% | 3.9% | |
| 1:00PM | 3-Year Note Auction | 4.627% | 4.932% | ||
| Tuesday, Nov 10 | |||||
| 12:00AM | Roll Date - UMBS 30YR | ||||
| 6:00AM | Oct NFIB Business Optimism Index | Oct | 97.7 | 97.9 | |
| 8:15AM | ADP Employment Change Weekly | 16.75K | |||
| 8:30AM | Oct y/y CORE CPI (%) | Oct | 2.8% | 2.6% | |
| 8:30AM | Oct m/m Headline CPI (%) | Oct | 0.3% | 0.6% | |
| 8:30AM | Oct m/m CORE CPI (%) | Oct | 0.2% | 0.3% | |
| 8:30AM | Oct y/y Headline CPI (%) | Oct | 3.9% | 3.7% | |
| 11:00AM | WASDE Report | ||||
| 12:00PM | EIA Short-Term Energy Outlook | ||||
| 1:00PM | 10-Year Note Auction | 5.300% | |||
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