General Risk Aversion Trade Helping Bonds
General Risk Aversion Trade Helping Bonds
Bonds began the day in just barely stronger territory but continued to improve throughout. The first rally followed the 8:20am CME open--a common time of day to see a bit of extra momentum and volume. The next leg of the rally played out in the 10am hour which is when stocks did all of their selling for the day. That dynamic lends itself to the conclusion that the broader market is trading in a "risk-off" pattern amid global trade uncertainty.
General Risk Aversion Trade Helping Bonds
| Time | Event | Period | Actual | Forecast | Prior |
|---|---|---|---|---|---|
| Tuesday, Feb 24 | |||||
| 8:00AM | Fed Golsbee Speech | ||||
| 8:15AM | ADP Employment Change Weekly | 10.25K | |||
| 9:00AM | Dec FHFA Home Price Index m/m (%) | Dec | 0.3% | 0.6% | |
| 9:00AM | Dec CaseShiller 20 mm nsa (%) | Dec | 0% | ||
| 9:00AM | Dec FHFA Home Prices y/y (%) | Dec | 1.9% | ||
| 9:00AM | Dec Case Shiller Home Prices-20 y/y (% ) | Dec | 1.5% | 1.4% | |
| 9:00AM | Fed Bostic Speech | ||||
| 9:00AM | Fed Collins Speech | ||||
| 9:15AM | Fed Waller Speech | ||||
| 9:30AM | Fed Cook Speech | ||||
| 10:00AM | Feb CB Consumer Confidence (%) | Feb | 87.3 | 84.5 | |
| 1:00PM | 2-Yr Note Auction (bl) | 69 | |||
| 3:15PM | Fed Barkin Speech | ||||
| 3:15PM | Fed Collins Speech | ||||
| 9:00PM | President Trump State of the Union Speech (%) | ||||
| Wednesday, Feb 25 | |||||
| 7:00AM | Feb/20 MBA Purchase Index | Feb/20 | 157.1 | ||
| 7:00AM | Feb/20 MBA Refi Index | Feb/20 | 1375.9 | ||
| 7:00AM | Feb/20 Mortgage Market Index | Feb/20 | 339.0 | ||
| 9:35AM | Fed Barkin Speech | ||||
| 10:30AM | Feb/20 Crude Oil Inventory (ml) | Feb/20 | -9.014M | ||
| 11:30AM | 2-Yr Note Auction (bl) | 28 | |||
| 11:30AM | 2-Year FRN Auction (%) | 0.099% | |||
| 1:00PM | 5-Yr Note Auction (bl) | 70 | |||
| 1:20PM | Fed Musalem Speech | ||||
