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Solid Data-Driven Gains
Solid Data-Driven Gains
Thursday was a fairly straightforward session for bonds. Yields fell modestly overnight in response to slightly lower oil prices and then more forcefully after the cooler-than-expected PPI data. Mid-day fuel price volatility caused a slight pull-back, but not enough to undo a reasonably robust rally by the close. If there's a "yeah but," it's that yields remain broadly sideways near long-term highs and were unable to challenge last week's lows.
Solid Data-Driven Gains
| Time | Event | Period | Actual | Forecast | Prior |
|---|---|---|---|---|---|
| Thursday, Aug 13 | |||||
| 8:15AM | Fed Hammack Speech | ||||
| 8:30AM | Jul Core PPI y/y (%) | Jul | 4.2% | 4.2% | 4.7% |
| 8:30AM | Aug/08 Jobless Claims (k) | Aug/08 | 209K | 202K | 199K |
| 8:30AM | Aug/01 Continued Claims (k) | Aug/01 | 1777K | 1800K | 1801K |
| 8:30AM | Jul PPI m/m (%) | Jul | 0% | 0.2% | -0.3% |
| 8:30AM | Jul Core PPI m/m (%) | Jul | 0.2% | 0.3% | 0.2% |
| 8:30AM | Jul PPI y/y | Jul | 4.7% | 4.9% | 5.5% |
| 8:40AM | Fed Barkin Speech | ||||
| 1:00PM | 30-Year Bond Auction | 5.216% | 5.058% | ||
| 1:00PM | 30-Yr Bond Auction (bl) | 25 | |||
| Friday, Aug 14 | |||||
| 8:30AM | Jul Retail Sales Control Group MoM | Jul | 0.3% | 0.5% | |
| 8:30AM | Jul Retail Sales (%) | Jul | 0.1% | 0.2% | |
| 9:00AM | Fed Venable Speech | ||||
| 10:00AM | Aug Sentiment: 1y Inflation (%) | Aug | 4.2% | ||
| 10:00AM | Aug U Mich conditions | Aug | 55 | 54.8 | |
| 10:00AM | Aug Sentiment: 5y Inflation (%) | Aug | 3.3% | ||
| 10:00AM | Jun Business Inventories (% ) | Jun | 0.1% | 0.3% | |
| 10:00AM | Aug Consumer Sentiment (ip) | Aug | 54.5 | 55.2 | |
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