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 |
|---|---|---|---|---|---|
| Friday, May 08 | |||||
| 5:45AM | Fed Cook Speech | ||||
| 8:30AM | Apr Participation Rate | Apr | 61.8% | 61.9% | |
| 8:30AM | Apr Average earnings mm (%) | Apr | 0.2% | 0.3% | 0.2% |
| 8:30AM | Apr Unemployment rate mm (%) | Apr | 4.3% | 4.3% | 4.3% |
| 8:30AM | Apr Non Farm Payrolls (k) | Apr | 115K | 62K | 178K |
| 10:00AM | May Consumer Sentiment (ip) | May | 48.2 | 49.5 | 49.8 |
| 10:00AM | May U Mich conditions | May | 47.8 | 52 | 52.5 |
| 10:00AM | May Sentiment: 5y Inflation (%) | May | 3.4% | 3.5% | |
| 10:00AM | May Sentiment: 1y Inflation (%) | May | 4.5% | 4.7% | |
| 11:05AM | Fed Goolsbee Speech | ||||
| 2:20PM | Fed Goolsbee Speech | ||||
| 7:30PM | Fed Daly Speech | ||||
| 7:30PM | Fed Goolsbee Speech | ||||
| 7:30PM | Fed Waller Speech | ||||
| 7:30PM | Fed Bowman Speech | ||||
| 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 | |||
