Uncommonly Uneventful Day
Uncommonly Uneventful Day
No one will accuse us of clickbait titles today, or even clickbait analysis. There's just not much to say. Unlike the average trading day of late, bonds held inside a very narrow range AND didn't visibly respond to any major Iran war news (and the typical oil price volatility that follows). Oil prices definitely moved a bit, and bond yields generally followed, but the range was well inside yesterday's. For a few minutes, it looked like bonds were going to struggle with the job openings data, but they quickly found their footing and drifted sideways into the close.
Uncommonly Uneventful Day
| Time | Event | Period | Actual | Forecast | Prior |
|---|---|---|---|---|---|
| Wednesday, Jun 03 | |||||
| 2:00AM | May Total Vehicle Sales (ml) | May | 16.1M | 16M | 15.9M |
| 7:00AM | May/29 MBA Purchase Index | May/29 | 169.7 | ||
| 7:00AM | May/29 Mortgage Market Index | May/29 | 259.4 | ||
| 7:00AM | May/29 MBA Refi Index | May/29 | 753.7 | ||
| 8:15AM | May ADP jobs (k) | May | 117K | 109K | |
| 9:00AM | Fed Barr Speech | ||||
| 9:45AM | May S&P Global Composite PMI | May | 51.7 | 51.7 | |
| 9:45AM | May S&P Global Services PMI | May | 50.9 | 51.0 | |
| 10:00AM | May ISM Services New Orders | May | 53.5 | ||
| 10:00AM | May ISM N-Mfg PMI | May | 53.8 | 53.6 | |
| 10:00AM | May ISM Services Employment | May | 48.0 | ||
| 10:00AM | May ISM Biz Activity | May | 55.9 | ||
| 10:00AM | Apr Factory orders mm (%) | Apr | 4.6% | 1.5% | |
| 10:00AM | May ISM Services Prices | May | 70.7 | ||
| 10:30AM | May/29 Crude Oil Inventory (ml) | May/29 | -2.9M | -3.327M | |
| 11:00AM | Fed Goolsbee Speech | ||||
| 2:00PM | Fed Beige Book | ||||
| 4:00PM | Fed Logan Speech | ||||
| Thursday, Jun 04 | |||||
| 5:30AM | May Challenger layoffs (k) | May | 83.387K | ||
| 8:30AM | May/30 Jobless Claims (k) | May/30 | 213K | 215K | |
| 8:30AM | May/23 Continued Claims (k) | May/23 | 1780K | 1786K | |
| 8:30AM | Q1 Unit Labour Costs QoQ Final | Q1 | 2.3% | 4.6% | |
| 8:30AM | Fed Barkin Speech | ||||
| 9:20AM | NY Fed Bill Purchases 1 to 4 months (%) | $6.576 billion | |||
| 1:10PM | Fed Daly Speech | ||||
