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Range-Bound Cruise Control, PM Edition
Range-Bound Cruise Control, PM Edition
Bonds came into the domestic session at slightly weaker levels and held mostly sideways for the entire day. There were no meaningful market movers in play, let alone any meaningful movement. Volume clocked in at the lowest non-holiday level of the year. NOTE: this week's analysis will be shorter and more basic than normal unless something interesting happens.
modestly weaker overnight and holding sideways so far. MBS down 2 ticks (.06) and 10yr up 2bps at 4.16
MBS still down 2 ticks (.06) and 10yr up 2.8bps at 4.168
MBS down 1 tick (.03) and 10yr up 2.6bps at 4.166
Range-Bound Cruise Control PM Edition
| Time | Event | Period | Actual | Forecast | Prior |
|---|---|---|---|---|---|
| Monday, Dec 22 | |||||
| 9:20AM | NY Fed Bill Purchases 4 to 12 months (%) | $6.801 million | |||
| 1:00PM | 2-Yr Note Auction (bl) | 69 | |||
| Tuesday, Dec 23 | |||||
| 8:15AM | ADP Employment Change Weekly | 16.25K | |||
| 8:30AM | Q3 Corporate profits (% ) | Q3 | 0.2% | ||
| 8:30AM | Q3 Core PCE Prices QoQ | Q3 | 2.9% | 2.6% | |
| 8:30AM | Oct Durable goods (%) | Oct | -1.5% | 0.5% | |
| 8:30AM | Oct Core CapEx (%) | Oct | 0.9% | ||
| 8:30AM | Q3 GDP (%) | Q3 | 3.2% | 3.8% | |
| 9:15AM | Oct Industrial Production (%) | Oct | 0.1% | 0.1% | |
| 10:00AM | Dec CB Consumer Confidence (%) | Dec | 92 | 88.7 | |
| 1:00PM | 5-Yr Note Auction (bl) | 70 | |||
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