Tech Jitters are Back. Bonds Like It
Tech Jitters are Back. Bonds Like It
As has been the case for the past several weeks, the near-term fate of the rate rally is dependent on tech jitters. While those had leveled off in a sideways pattern over the first few days of the week, they resurfaced today, both at the NYSE open and close. The 4pm move was bigger for stocks and directly linked to weak guidance in Intel and Amazon earnings releases. Bonds were already moderately stronger on the day after the 9:30am gains, but improved even more after the 4pm NYSE close.
Tech Jitters are Back. Bonds Like It
| Time | Event | Period | Actual | Forecast | Prior |
|---|---|---|---|---|---|
| Thursday, Oct 29 | |||||
| 8:30AM | Q3 GDP Final Sales (%) | Q3 | 1.7% | 2.8% | |
| 8:30AM | Q3 GDP (%) | Q3 | 3.4% | 3.2% | 2.2% |
| 8:30AM | Oct/24 Jobless Claims (k) | Oct/24 | 194K | 199K | 194K |
| 8:30AM | Q3 Core PCE Prices QoQ | Q3 | 2.5% | 2.4% | 3.3% |
| 8:30AM | Sep Core PCE (y/y) (%) | Sep | 3.1% | 3.1% | 3% |
| 8:30AM | Sep Core PCE (m/m) (%) | Sep | 0.3% | 0.3% | 0.2% |
| 8:30AM | Oct/17 Continued Claims (k) | Oct/17 | 1701K | 1720K | 1728K |
| 8:30AM | Q3 PCE Prices (Q/Q) | Q3 | 2.1% | 3.4% | 5% |
| 8:30AM | Sep PCE (y/y) (%) | Sep | 3.6% | 3.6% | 3.4% |
| 8:30AM | Sep PCE prices (m/m) (%) | Sep | 0.5% | 0.5% | 0.3% |
| 1:00PM | 7-Year Note Auction | 4.894% | 5.085% | ||
| Friday, Oct 30 | |||||
| 8:30AM | Q3 Employment costs (%) | Q3 | 0.8% | 0.9% | |
| 9:45AM | Oct Chicago PMI | Oct | 56.1 | 58.8 | |
