Calm and Slightly Stronger, But Volatility Will be Back
Calm and Slightly Stronger, But Volatility Will be Back
Once or twice per week, the bond market manages to post a fairly calm trading day against the prevailing backdrop of generally higher volatility. Today was such a day. The most helpful catalyst was an absence of any major war-related headlines and associated oil price volatility. That said, it's a near certainty that war-related volatility will be back in the coming week.
Calm and Slightly Stronger, But Volatility Will be Back
| Time | Event | Period | Actual | Forecast | Prior |
|---|---|---|---|---|---|
| Monday, May 11 | |||||
| 10:00AM | Apr Exist. home sales % chg (%) | Apr | -3.6% | ||
| 10:00AM | Apr Existing home sales (ml) | Apr | 4.05M | 3.98M | |
| 10:20AM | NY Fed Bill Purchases 1 to 4 months (%) | $7.587 billion | |||
| 1:00PM | 3-Yr Note Auction (bl) | 58 | |||
| Tuesday, May 12 | |||||
| 12:00AM | Roll Date - UMBS 30YR | ||||
| 3:15AM | Fed Williams Speech | ||||
| 6:00AM | Apr NFIB Business Optimism Index | Apr | 96.1 | 95.8 | |
| 8:15AM | ADP Employment Change Weekly | 39.25K | |||
| 8:30AM | Apr y/y Headline CPI (%) | Apr | 3.7% | 3.3% | |
| 8:30AM | Apr m/m Headline CPI (%) | Apr | 0.6% | 0.9% | |
| 8:30AM | Apr y/y CORE CPI (%) | Apr | 2.7% | 2.6% | |
| 8:30AM | Apr m/m CORE CPI (%) | Apr | 0.4% | 0.2% | |
| 11:30AM | 6-Week Bill Auction (%) | 3.630% | |||
| 12:00PM | WASDE Report (%) | ||||
| 1:00PM | Fed Goolsbee Speech | ||||
| 1:00PM | 10-yr Note Auction (bl) | 42 | |||
| 2:00PM | Apr Federal budget (bl) | Apr | $37.5B | $-164.1B | |
