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Bonds Hold Gains Despite Ongoing Recovery in Stocks
Bonds Hold Gains Despite Ongoing Recovery in Stocks
The stock market factored into the bond market's performance on Friday. In pre-market trading stocks managed a big bounce after NY Fed's Williams spoke favorably about December's rate cut potential. Bonds benefited from that comment initially, but the stock rally quickly forced bonds to find a floor for the day. From then on, stocks continued putting upward pressure on rates, but the net effect was that bonds simply held sideways whereas they might have otherwise continued to rally.
Bonds Hold Gains Despite Ongoing Recovery in Stocks
| Time | Event | Period | Actual | Forecast | Prior |
|---|---|---|---|---|---|
| Friday, Nov 21 | |||||
| 7:30AM | Fed Williams Speech | ||||
| 8:30AM | Fed Barr Speech | ||||
| 8:45AM | Fed Jefferson Speech | ||||
| 9:00AM | Fed Logan Speech | ||||
| 9:00AM | Fed Collins Speech | ||||
| 9:45AM | Nov S&P Global Composite PMI | Nov | 54.8 | 54.5 | 54.6 |
| 9:45AM | Nov S&P Global Manuf. PMI | Nov | 51.9 | 52 | 52.5 |
| 9:45AM | Nov S&P Global Services PMI | Nov | 55.0 | 54.6 | 54.8 |
| 10:00AM | Aug Wholesale inventories (o (%) | Aug | 0% | -0.2% | 0% |
| 10:00AM | Nov Sentiment: 5y Inflation (%) | Nov | 3.4% | 3.6% | 3.9% |
| 10:00AM | Nov U Mich conditions | Nov | 51.1 | 52.3 | 58.6 |
| 10:00AM | Nov Consumer Sentiment (ip) | Nov | 51.0 | 50.5 | 53.6 |
| 10:00AM | Nov Sentiment: 1y Inflation (%) | Nov | 4.5% | 4.7% | 4.6% |
| Monday, Nov 24 | |||||
| 1:00PM | 2-Yr Note Auction (bl) | 69 | |||
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