Yields End Higher Despite Some Mid-Day Solace
Yields End Higher Despite Some Mid-Day Solace
As has been almost constantly the case for the past few months, today's ebbs and flows in the bond market were tightly tied to the Iran war news cycle. Yields spiked after AM headlines suggested Iran was not interested in negotiating as long as fighting continues between Israel and Lebanon. Bonds bounced back in a friendlier direction after mid-day news that Trump would talk to Netanyahu about de-escalating. Nothing conclusive came from that conversation by the 3pm ET close and 10yr yields remained roughly 3bps higher on the day. Tuesday's slate of potential volatility receives an additional (though mild) layer of complication from the job openings data at 10am ET.
Yields End Higher Despite Some Mid-Day Solace
| Time | Event | Period | Actual | Forecast | Prior |
|---|---|---|---|---|---|
| Tuesday, Jun 02 | |||||
| 1:50AM | Fed Kashkari Speech | ||||
| 8:30AM | Fed Hammack Speech | ||||
| 10:00AM | Apr JOLTs Job Quits (ml) | Apr | 3.171M | ||
| 10:00AM | Apr USA JOLTS Job Openings (ml) | Apr | 6.82M | 6.866M | |
| 10:10AM | Jun IBD economic optimism | Jun | 44.5 | 42.6 | |
| 11:30AM | 6-Week Bill Auction (%) | 3.620% | |||
| Wednesday, Jun 03 | |||||
| 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 | 110K | 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 | 53.7 | 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 | -3.327M | ||
| 2:00PM | May Total Vehicle Sales (ml) | May | 16M | 15.9M | |
| 2:00PM | Fed Beige Book | ||||
| 4:00PM | Fed Logan Speech | ||||
