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Perfectly Acceptable Conclusion to a Potentially Volatile Week
Perfectly Acceptable Conclusion to a Potentially Volatile Week
With markets closed for the Juneteenth holiday on Friday, Thursday marked the end of the trading week. Considering the sell-off on Wednesday afternoon, the week had the potential to end on an uncomfortably volatile note. Instead, bonds pushed back nicely in the other direction--even though MBS didn't recoup as much of their losses as 10yr Treasuries. True, there is some sense of foreboding in the inability of 10yr yields to move below 4.42%, but all told, the week was actually surprisingly calm after factoring in Thursday's gains.
Perfectly Acceptable Conclusion to a Potentially Volatile week
| Time | Event | Period | Actual | Forecast | Prior |
|---|---|---|---|---|---|
| Thursday, Jun 18 | |||||
| 12:00AM | Roll Date - Ginnie Mae 30YR | ||||
| 8:30AM | Jun/06 Continued Claims (k) | Jun/06 | 1810K | 1800K | 1795K |
| 8:30AM | Jun Philly Fed Business Index | Jun | 10.3 | 10 | -0.4 |
| 8:30AM | Jun/13 Jobless Claims (k) | Jun/13 | 226K | 225K | 229K |
| 8:30AM | Jun Philly Fed Prices Paid | Jun | 53.20 | 47.90 | |
| 10:00AM | May CB Leading Index MoM (%) | May | 0.1% | 0.1% | 0.1% |
| 1:00PM | 5-Yr Note Auction (bl) | 24 | |||
| Friday, Jun 19 | |||||
| 12:00AM | Juneteenth | ||||
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