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Roughly Unchanged After Gradual Weakness
Roughly Unchanged After Gradual Weakness
Bonds ended the day roughly unchanged despite this morning's stronger start. With the S&P falling back to the lows of the day, we can't really blame asset allocation trading between stocks and bonds. It's easier to blame a mid-day surge in fuel prices (especially after 11am) which may have been related to headlines regarding U.S. missiles striking an oil tanker docked at Kharg Island. All told, it was still a victorious week with yields ending up slightly lower than last Friday. The week ahead is marked by limited data and the pre-FOMC blackout period. Bonds will remain tuned into oil price volatility and potentially to any big swings in stocks.
Roughly Unchanged After Gradual Weakness
| Time | Event | Period | Actual | Forecast | Prior |
|---|---|---|---|---|---|
| Friday, Jul 17 | |||||
| 12:00AM | Roll Date - Ginnie Mae 30YR | ||||
| 8:30AM | Jun Housing starts number mm (ml) | Jun | 1.427M | 1.31M | 1.177M |
| 8:30AM | Jun Import prices mm (%) | Jun | 0.3% | -0.7% | 1.9% |
| 8:30AM | Jun Building Permits (ml) | Jun | 1.367M | 1.40M | 1.41M |
| 9:15AM | Jun Industrial Production (%) | Jun | 0.1% | 0.2% | 0.1% |
| 10:00AM | Jul Sentiment: 1y Inflation (%) | Jul | 4.2% | 4.6% | |
| 10:00AM | Jul Sentiment: 5y Inflation (%) | Jul | 3.3% | 3.3% | |
| 10:00AM | Jul Consumer Sentiment (ip) | Jul | 54.4 | 51 | 49.5 |
| 10:00AM | Jul U Mich conditions | Jul | 54.9 | 48.7 | 47.7 |
| Monday, Jul 20 | |||||
| 9:20AM | NY Fed Bill Purchases 1 to 4 months (%) | $5.180 billion | |||
| 10:00AM | Jun CB Leading Index MoM (%) | Jun | 0.1% | 0.1% | |
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