Oil Down, Yields Down
Oil Down, Yields Down
No point in wasting time/words on analysis when cause and effect remains so simple. After news regarding potential progress is peace negotiations, an overnight drop in oil prices coincided perfectly with a drop in Treasury yields. The end.
Tune Out The Noise (Part 2)
| Time | Event | Period | Actual | Forecast | Prior |
|---|---|---|---|---|---|
| Tuesday, Aug 25 | |||||
| 8:00AM | Fed Barkin Speech | ||||
| 8:15AM | ADP Employment Change Weekly | 11.75K | 9.5K | ||
| 8:30AM | Jul Building Permits (ml) | Jul | 1.433M | 1.443M | 1.374M |
| 9:00AM | Jun FHFA Home Price Index m/m (%) | Jun | 0% | 0.2% | 0.3% |
| 9:00AM | Jun FHFA Home Prices y/y (%) | Jun | 2.3% | 2.2% | |
| 9:00AM | Jun Case Shiller Home Prices-20 y/y (% ) | Jun | 2.1% | 1.7% | 1.6% |
| 9:00AM | Jun CaseShiller 20 mm nsa (%) | Jun | 0.4% | 0.9% | |
| 10:00AM | Jul New Home Sales (ml) | Jul | 0.607M | 0.62M | 0.628M |
| 10:00AM | Jul New Home Sales (%) (%) | Jul | -10.5% | 1.6% | |
| 10:00AM | Aug CB Consumer Confidence (%) | Aug | 89.4 | 90.2 | 90.8 |
| 11:30AM | 6-Week Bill Auction (%) | 3.650% | 3.645% | ||
| 1:00PM | 2-Yr Note Auction (bl) | 69 | |||
| 4:00PM | Fed Barkin Speech | ||||
| Wednesday, Aug 26 | |||||
| 7:00AM | Aug/21 MBA Refi Index | Aug/21 | 755.9 | ||
| 7:00AM | Aug/21 MBA Purchase Index | Aug/21 | 154.8 | ||
| 7:00AM | Aug/21 Mortgage Market Index | Aug/21 | 247.7 | ||
| 8:30AM | Q2 Corporate profits (% ) | Q2 | 0.5% | ||
| 8:30AM | Q2 PCE Prices (Q/Q) | Q2 | 5.1% | 4.6% | |
| 8:30AM | Jul PCE prices (m/m) (%) | Jul | 0.1% | -0.1% | |
| 8:30AM | Q2 GDP Final Sales (%) | Q2 | 2.2% | 1.9% | |
| 8:30AM | Q2 Core PCE Prices QoQ | Q2 | 3.4% | 4.4% | |
| 8:30AM | Jul Durable goods (%) | Jul | 0.7% | 0.3% | |
| 8:30AM | Jul Core PCE (y/y) (%) | Jul | 3.3% | 3.3% | |
| 8:30AM | Jul Core PCE (m/m) (%) | Jul | 0.2% | 0.1% | |
| 8:30AM | Jul Core CapEx (%) | Jul | 0.9% | 0.9% | |
| 8:30AM | Jul PCE (y/y) (%) | Jul | 3.6% | 3.7% | |
| 8:30AM | Q2 GDP (%) | Q2 | 1.5% | 2.1% | |
| 10:30AM | Aug/21 Crude Oil Inventory (ml) | Aug/21 | 1.9M | 4.405M | |
| 11:30AM | 2-Yr Note Auction (bl) | 28 | |||
| 11:45AM | Fed Barkin Speech | ||||
| 1:00PM | 2-Year FRN Auction (%) | 0.050% | |||
| 1:00PM | 5-Yr Note Auction (bl) | 70 | |||
| 8:00PM | Jackson Hole Symposium | ||||
