Giving Peace (And Bonds?) a Chance
Giving Peace (And Bonds?) a Chance
Granted, it may be far less promising than some of the more conclusive headlines that led up to previous ceasefires and peace memos, but Tuesday delivered at least a modicum of hope that war sentiment is shifting. In not so many words, an Israeli media outlet reported that U.S./Iran mediators are getting closer to re-implementing the previous memo of understanding that paved the way toward more permanent peace. Markets take this with a grain of salt for obvious reasons, but it was enough to lift stocks and cause a small-but-quick drop in oil prices and bond yields. There were no other major market movers in play.
Giving Peace (And Bonds) a Chance
| Time | Event | Period | Actual | Forecast | Prior |
|---|---|---|---|---|---|
| Tuesday, Jul 28 | |||||
| 8:15AM | ADP Employment Change Weekly | 15.0K | 16.5K | ||
| 9:00AM | May CaseShiller 20 mm nsa (%) | May | 0.9% | 1% | |
| 9:00AM | May FHFA Home Price Index m/m (%) | May | 0.3% | 0.2% | -0.1% |
| 9:00AM | May Case Shiller Home Prices-20 y/y (% ) | May | 1.6% | 1.3% | 1.1% |
| 9:00AM | May FHFA Home Prices y/y (%) | May | 2.2% | 2% | |
| 10:00AM | Jul CB Consumer Confidence (%) | Jul | 90.8 | 92.3 | 91.2 |
| 11:30AM | 6-Week Bill Auction (%) | 3.700% | 3.650% | ||
| 1:00PM | 7-Yr Note Auction (bl) | 44 | |||
| Wednesday, Jul 29 | |||||
| 7:00AM | Jul/24 MBA Refi Index | Jul/24 | 802.3 | ||
| 7:00AM | Jul/24 Mortgage Market Index | Jul/24 | 264.0 | ||
| 7:00AM | Jul/24 MBA Purchase Index | Jul/24 | 165.8 | ||
| 10:30AM | Jul/24 Crude Oil Inventory (ml) | Jul/24 | -2.50M | 2.011M | |
| 11:30AM | 2-Year FRN Auction (%) | 0.079% | |||
| 11:30AM | 2-Yr Note Auction (bl) | 30 | |||
| 2:00PM | Fed Interest Rate Decision | 3.75% | 3.75% | ||
| 2:30PM | Fed Press Conference | ||||
