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In a Shocking Twist, Bonds Relive Another Groundhog Day
In a Shocking Twist, Bonds Relive Another Groundhog Day
The present week began on a stronger note thanks to news that came out on Monday regarding a U.S./Iran peace deal being within reach. This time around, it was the fact that Iran's state TV shared a draft of the framework for the memo that serves as the stop-gap peace deal while full details are negotiated. It turns out that this draft wasn't obviously different from the one referenced on Monday, but markets remain cautiously willing to react to the same repackaged news time and again as if repetition increases the chance that the peace deal will eventually become official. Bonds were a bit more skeptical than oil prices, but ultimately ended the day without losing any ground.
In a Shocking Twist, Bonds Relive Another Groundhog Day
| Time | Event | Period | Actual | Forecast | Prior |
|---|---|---|---|---|---|
| Wednesday, May 27 | |||||
| 4:00AM | Fed Logan Speech | ||||
| 7:00AM | May/22 Mortgage Market Index | May/22 | 259.4 | 283.5 | |
| 7:00AM | May/22 MBA Refi Index | May/22 | 753.7 | 920.2 | |
| 7:00AM | May/22 MBA Purchase Index | May/22 | 169.7 | 170.4 | |
| 8:15AM | ADP Employment Change Weekly | 35.75K | 42.25K | ||
| 9:20AM | NY Fed Bill Purchases 1 to 4 months (%) | $6.576 billion | |||
| 11:30AM | 2-Yr Note Auction (bl) | 28 | |||
| 11:30AM | 2-Year FRN Auction (%) | 0.089% | 0.103% | ||
| 1:00PM | 5-Yr Note Auction (bl) | 70 | |||
| 3:55PM | Fed Cook Speech | ||||
| 8:00PM | Fed Jefferson Speech | ||||
| Thursday, May 28 | |||||
| 8:10AM | Apr Building Permits (ml) | Apr | 1.442M | 1.363M | |
| 8:30AM | May/16 Continued Claims (k) | May/16 | 1780K | 1782K | |
| 8:30AM | May/23 Jobless Claims (k) | May/23 | 211K | 209K | |
| 8:30AM | Q1 Core PCE Prices QoQ | Q1 | 4.3% | 2.7% | |
| 8:30AM | Q1 GDP (%) | Q1 | 2.0% | 0.5% | |
| 8:30AM | Q1 Corporate profits (% ) | Q1 | 5.7% | 5.7% | |
| 8:30AM | Apr PCE prices (m/m) (%) | Apr | 0.5% | 0.7% | |
| 8:30AM | Q1 GDP Final Sales (%) | Q1 | 1.6% | 0.3% | |
| 8:30AM | Apr PCE (y/y) (%) | Apr | 3.8% | 3.5% | |
| 8:30AM | Q1 PCE Prices (Q/Q) | Q1 | 4.5% | 2.9% | |
| 8:30AM | Apr Core PCE (m/m) (%) | Apr | 0.3% | 0.3% | |
| 8:30AM | Apr Core CapEx (%) | Apr | 0.4% | 3.4% | |
| 8:30AM | Apr Durable goods (%) | Apr | 3.5% | 0.8% | |
| 8:30AM | Apr Core PCE (y/y) (%) | Apr | 3.3% | 3.2% | |
| 8:55AM | Fed Williams Speech | ||||
| 10:00AM | Apr New Home Sales (ml) | Apr | 0.67M | 0.682M | |
| 10:00AM | Apr New Home Sales (%) (%) | Apr | 7.4% | ||
| 12:00PM | May/22 Crude Oil Inventory (ml) | May/22 | -5M | -7.864M | |
| 1:00PM | 7-Yr Note Auction (bl) | 44 | |||
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