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Bonds Recover on Oil Price Hopes
Bonds Recover on Oil Price Hopes
Bonds were weaker to start the day with oil prices moving sharply higher after last night's Trump speech. But a few hours into the trading session, the move was completely erased and reversed after some fairly simple headlines regarding Iran/Oman working on a resolution to open the Strait of Hormuz. Trump's speech and the Iran/Oman news may as well have been the only two things that happened today because those were the only moments with any serious market movement. The jobs report is on deck for tomorrow's holiday-shortened trading session.
Bonds Recover on Oil Price Hopes
| Time | Event | Period | Actual | Forecast | Prior |
|---|---|---|---|---|---|
| Friday, Apr 03 | |||||
| 8:30AM | Mar Participation Rate | Mar | 61.9% | 62% | |
| 8:30AM | Mar Average earnings mm (%) | Mar | 0.2% | 0.3% | 0.4% |
| 8:30AM | Mar Unemployment rate mm (%) | Mar | 4.3% | 4.4% | 4.4% |
| 8:30AM | Mar Non Farm Payrolls (k) | Mar | 178K | 60K | -92K |
| 9:45AM | Mar S&P Global Services PMI | Mar | 51.1 | 51.7 | |
| 9:45AM | Mar S&P Global Composite PMI | Mar | 51.4 | 51.9 | |
| 12:00PM | Good Friday | ||||
| Monday, Apr 06 | |||||
| 10:00AM | Mar ISM Biz Activity | Mar | 59.9 | ||
| 10:00AM | Mar ISM Services Prices | Mar | 63.0 | ||
| 10:00AM | Mar ISM Services New Orders | Mar | 58.6 | ||
| 10:00AM | Mar ISM Services Employment | Mar | 51.8 | ||
| 10:00AM | Mar ISM N-Mfg PMI | Mar | 55 | 56.1 | |
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