|
|
Bonds Close Out Epic Week of Resilience With Friendly Data
Bonds Close Out Epic Week of Resilience With Friendly Data
Friday was a logically friendly day thanks to slightly lower CPI. But no matter what happened on any of the other 4 days, this week was all about bonds ending up at much stronger levels in spite of a jobs report that should have sent rates higher on Wednesday. Ironclad justification remains impossible, but the leading theory involves heavy liquidation mode in stocks/commodities on Thursday. Holiday weekend positioning could also be a factor. As such, we'll learn a lot more next Tuesday--especially if stocks find a reason to stage a big bounce.
Bonds Close Out Epic Week of Resilience With Friendly Data
| Time | Event | Period | Actual | Forecast | Prior |
|---|---|---|---|---|---|
| Friday, Feb 13 | |||||
| 12:00AM | Roll Date - UMBS 15YR, Ginnie Mae 15YR | ||||
| 8:30AM | Jan y/y Headline CPI (%) | Jan | 2.4% | 2.5% | 2.7% |
| 8:30AM | Jan m/m Headline CPI (%) | Jan | 0.2% | 0.3% | 0.3% |
| 8:30AM | Jan y/y CORE CPI (%) | Jan | 2.5% | 2.5% | 2.6% |
| 8:30AM | Jan m/m CORE CPI (%) | Jan | 0.3% | 0.3% | 0.2% |
| Monday, Feb 16 | |||||
| 12:00AM | Presidents Day | ||||
| 8:25AM | Fed Bowman Speech | ||||
|
|
|
