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Uneventfully Weaker Regardless of Durable Goods Data
Uneventfully Weaker Regardless of Durable Goods Data
Bonds were weaker in the overnight session on a combination of anxiety over potential sales of US Treasuries in Japan and European economic data. The domestic session brought actual selling of US Treasuries in the form of the 5yr Treasury auction, but the market already knew about that one. The auction was reasonably well received and had no impact on trading levels. Earlier in the morning, Durable Goods came out right in line with expectations and also had essentially no impact. Overnight weakness was maintained throughout the day with most of the momentum being sideways near recent highs yields.
Uneventfully Weaker Regardless of Durable Goods Data
| Time | Event | Period | Actual | Forecast | Prior |
|---|---|---|---|---|---|
| Thursday, Apr 25 | |||||
| 8:30AM | Q1 Core PCE Prices QoQ Final | Q1 | 3.4% | 2% | |
| 8:30AM | Apr/13 Continued Claims (ml) | Apr/13 | 1810K | 1812K | |
| 8:30AM | Q1 GDP Final Sales (%) | Q1 | 3.9% | ||
| 8:30AM | Mar Goods Trade Balance Adv | Mar | $-91.2B | $-91.84B | |
| 8:30AM | Mar Retail Inventories Ex Autos MoM Adv | Mar | 0.4% | ||
| 8:30AM | Apr/20 Jobless Claims (k) | Apr/20 | 214K | 212K | |
| 8:30AM | Q1 PCE Prices QoQ Final | Q1 | 1.8% | ||
| 8:30AM | Q1 GDP deflator (%) | Q1 | 3% | 1.7% | |
| 8:30AM | Mar Wholesale inventories mm (%) | Mar | 0.2% | 0.5% | |
| 8:30AM | Q1 Real Consumer Spending QoQ Final | Q1 | 2.8% | 3.3% | |
| 8:30AM | Q1 GDP (%) | Q1 | 2.5% | 3.4% | |
| 8:30AM | Apr/20 Jobless claims 4-wk avg (k) | Apr/20 | 214.5K | ||
| 10:00AM | Mar Pending Home Sales YoY | Mar | -7% | ||
| 10:00AM | Mar Pending Home Sales (%) | Mar | 0.3% | 1.6% | |
| 10:30AM | Apr/19 Nat gas-EIA, change bcf | Apr/19 | 87Bcf | 50Bcf | |
| 11:00AM | Apr KC Fed manufacturing | Apr | -9 | ||
| 11:00AM | Apr Kansas Fed Composite Index | Apr | -7 | ||
| 11:30AM | 4-Week Bill Auction | 5.280% | |||
| 11:30AM | 8-Week Bill Auction | 5.275% | |||
| 12:00PM | Apr/24 30-Year Mortgage Rate | Apr/24 | 7.10% | ||
| 12:00PM | Apr/24 15-Year Mortgage Rate | Apr/24 | 6.39% | ||
| 1:00PM | 7-Year Note Auction | 4.185% | |||
| 1:00PM | 7-Yr Note Auction (bl) | 44 | |||
| Friday, Apr 26 | |||||
| 8:30AM | Mar Personal Income (%) | Mar | 0.5% | 0.3% | |
| 8:30AM | Mar Core PCE Inflation (y/y) (%) | Mar | 2.6% | 2.8% | |
| 8:30AM | Mar Core PCE (m/m) (%) | Mar | 0.3% | 0.3% | |
| 8:30AM | Mar PCE (y/y) (%) | Mar | 2.6% | 2.5% | |
| 8:30AM | Mar Inflation-Adjusted Spending (Consumption) (%) | Mar | 0.6% | 0.8% | |
| 8:30AM | Mar PCE price index mm (%) | Mar | 0.3% | 0.3% | |
| 10:00AM | Apr Sentiment: 1y Inflation (%) | Apr | 3.1% | 2.9% | |
| 10:00AM | Apr Sentiment: 5y Inflation (%) | Apr | 3% | 2.8% | |
| 10:00AM | Apr Michigan Consumer Expectations Final | Apr | 77 | 77.4 | |
| 10:00AM | Apr U Mich conditions | Apr | 79.3 | 82.5 | |
| 10:00AM | Apr Consumer Sentiment (ip) | Apr | 77.8 | 79.4 | |
| 1:00PM | Apr/26 Baker Hughes Oil Rig Count | Apr/26 | 511 | ||
| 1:00PM | Apr/26 Baker Hughes Total Rig Count | Apr/26 | 619 | ||
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