May 2012
21 posts
Thursday, May 31st
Quite a full calendar today:- 07:30 Challenger Job-Cut Report 08:15 ADP Employment Report (Consensus 154,000 - Prior 119,000) 08:30 GDP (Consensus 1.9% - Prior 202%)          Jobless Claims (Consensus 370K - Prior 370K) 09:45 Chicago PMI (Consensus 56.1 - Prior 56.2) 10:15 Fed Outright Treasury Coupon Purchases up to $2.00 billion 11:00 3 & 6 Month Bill Announcements 15:00 Farm...
May 31st
Wednesday, May 30th
On today’s economic calendar:- 07:00 MBA Purchase Applications 07:45 ICSC-Goldman Store Sales 08:55 Redbook 10:00 Pending Home Sales Index 10:15 ed Outright Treasury Coupon Purchases up to $5.25 billion 11:30 4 and 52 Week Bill Auctions Speaking today:- 13:00 William Dudley 13:20 Richard Fisher 16:30 Eric Rosengren Treasury prices rebounded strongly overnight, hitting the...
May 30th
Tuesday, May 29th
On the economic calendar:- 09:00 Case-Shiller HPI (Consensus 0.3% - Prior 0.2%) 10:00 Consumer Confidence (Consensus 69.7 - Prior 69.2)          State Street Confidence Index 10:15 10:30 Dallas Fed Mfg Survey (Consensus 3.0 - Prior -3.4) 11:00  4 Week Bill Announcement 11:30 3 & 6 Month Bill Auctions
May 29th
Friday, May 25th
On the economic calendar:- 09:55 Consumer Sentiment Bond market closes early today at 16:15 set. Expect lower volume, and a quieter day. Treasury bonds were quiet overnight, staying within a 16 tick range - 147’15 on the upside, and 146’31 on downside. The 30 minute trend chart remained in a bearish trend, requiring a close above 147’23 to turn the trend bullish. There are...
May 25th
Thursday, May 24th
On the economic calendar:- 08:30 Durable Goods Orders (Consensus 5.0% - Prior -4.2%)           Jobless Claims (Consensus 371 K - Prior 370 K) 10:15 Fed Outright Treasury Coupon Purchases up to $2.00 billion 11:00 3 & 6 Month Bill Announcements            52 Week Bill Announcemnt 13:00 7 Year Note Auction 16:30 FedBalance Sheet and Money Supply Speaking today:- ...
May 24th
Wednesday, May 22nd
On the economic calendar:- 07:00 MBA Mortgage Applications 10:00 New Home Sales (Consensus 335 K - Prior 328 K)           FHFA House Price Index (Consensus 0.3% - Prior 0.3%) 10:15 Fed Outright Treasury Coupon Purchases up to $2.00 billion          Fed Outright Treasury Coupon Purchases up to $5.00 billion 13:00 5 Year Note Auction Speaking today:- Naryana Kocherlakota...
May 23rd
Monday, May 21st
On the economic calendar:- 08:30 Chicago Fed National Activity Index 10:15 Fed Outright Treasury Coupon Purchases up to $2.00 billion 11:00 4 Week Bill Announcement 11:30 3 & 6 Month Bill Auctions Speaking today:- Dennis Lockhart is in Tokyo making a speech. Treasury prices sold off overnight, with the 30 minute trend chart remaining bearish. Keep in mind Friday’s...
May 21st
Friday, May 18th
No economic news releases today, and no Fed Bankers speaking, but we do have:- 10:15 Fed Outright Treasury Coupon Purchases up to $5.25 billion. Yesterday was a huge up day in the T Bond market, and not surprisingly we pulled back some overnight. the 30 minute trend chart remains bullish, and will flip bearish on a close below 147’28. There is no change in the price resistance and support...
May 21st
Thursday, May 17th
In today’s economic calendar:- 08:30 Initial Claims (Consensus 365 K - Prior 367 K) 10:00 Philadelphia Fed Survey (Consensus 10.0 - Prior 8.5)          Leading Economic Indicators (Consensus 0.1% - Prior 0.3%) 10:15 Fed Outright Treasury Coupon Purchases up to $2.00 billion 11:00 3 & 6 Month Bill Announcements          2, 5 and 7 Year Note Announcements ...
May 17th
Wednesday, May 16th
On the economic calendar:- 07:00 MBA Purchase APllications 08:30 Housing Starts (Consensus 0.690 M - Prior 0.654 M) 09:15 Industrial Production (Consensus 0.5% - Prior 0.0%) 14:00 FOMC Minutes Speaking today:- 12:30 James Bullard Prices generally unchanged overnight, and the 30 minute trend chart remains bullish, requiring a close below 146’11 to turn it bearish. The price support...
May 16th
Tuesday, May 15th
On the economic calendar:- 07:45 ICSC-Goldman Store Sales 08:30 Consumer Price Index (Consensus 0.0% - Prior 0.3%)          Retail Sales (Consensus 0.1% - Prior 0.8%)          Empire State Mfg Survey (Consensus 10.00 - Prior 6.56) 08:55 Redbook 09:00 Treasury International Capital 10:00 Business Inventories (Consensus 0.4% - Prior 0.6%)          Housing Market Index (Consensus 26 - Prior...
May 15th
Monday, May 12th
Very little on today’s economic calendar:- 10:15 Fed Outright Treasury Coupon Purchases up to $5.00billion 11:00 4 Week Bill Announcement 11:30 3 & 6 Month Bill Auctions A lot of action early this morning, as the European crisis led to new contract highs for the June contract at 146’11.The 30 minute ttrend chart remains bullish, and a close below 145’11 will...
May 14th
Friday, May 11th
Little on the economic calendar:- 08:30 PPI (Consensus 0.0% - Prior 0.0%) 09:55 Consumer Sentiment (Consensus 76.2 - Prior 76.4) 10:15 Fed Outright Treasury Coupon Purchases up to $2.00 billion. After initially opening higher, prices stayed in a narrow band overnight, with a high of 145’03 and a low of 144’20. Yesterday’s post 30year Bond Auction action, turned the 30 minute...
May 11th
Thursday, May 10th
On the economic calendar:- 08:30 International Trade (Consensus $-49.5B - Prior -40.6B)          Import Export Prices          Jobless Claims (Consensus 366K - Prior 365K) 10:15 Fed Outright Treasury Coupon Sales up to $8.75 billion 11:00 3 & 6 Month Bill Announcements          10 Year TIPS Announcement 13:00 30 Year Bond Auction 14:00 Treasury Budget 16:30 Fed Balance Sheet...
May 10th
May 9th
61 notes
Wednesday, May 9th
On the economic calendar:- 07:00 MBA Purchase Applications 10:00 Wholesale Trade (Consensus 0.6% - Prior 0.9%) 10:15 Fed Outright Treasury Coupon Purchases up to $1.50 billion 13:00 10 Year Note Auction Speaking today:- 10:45 Sandra Pianalto 12:00 Charles Plosser Treasury prices were fairly stable overnight with a slightly positive bias, until roughly 6:00 am est, when they broke...
May 9th
Tuesday, May 8th
On the economic calendar today:- 07:45 ICC-Goldman Store Sales 08:55 Redbook 10:15 Treasury Outright Coupon Purchases up to $5.00 billion 11:30 4 Week Bill Auction 13:00 3 Year Note Auction Speaking today:- 09:45 Jeffrey Lacker 13:45 Richard Fisher As has been the pattern recently, good overnight movement, with prices recovering from yesterdays decline and turning the 30 minute...
May 8th
Monday, May 7th
On the economic calendar:- 10:15 Fed Outright Treasury Coupon Purchases up to $2.00 billion 11:00 4 Week Bill Announcement 11:30 3 & 6 Month Bill Auctions 15:00 Consumer Credit Last night was the first opportunity to trade the French election results, and predictably bond prices rose. They have since sold off from the highs. The 30  minute trend chart, which flipped positive...
May 7th
Friday, May 4th
All about NFP this morning. 08:30 NFP (Consensus 165K - Prior 120K) 10:15 Fed Outright Treasury Coupon Sales up to $8.75 billion 15:00 Treasury STRIPS Prices very calm overnight as the market awaits the NFP number due out at 8:30 this morning. The 30 minute trend chart is on the bearish side, and on recent NFP days, this has been the way the market has reacted. We could expect the recent...
May 4th
Thursday, May 3rd
On today’s calendar:- 07:30 Challenger Job-Cut Report 08:30 Initial Jobless Claims (Consensus 375K - Prior 388K)          Productivity and Costs 10 ISM Non-Mfg Index (Consensus 55.5 - Prior 56.0) 10:15 Fed Outright Treasury Coupon Purchases up to $2.00 billion 11:00 3 & 6 Month Bill Announcements Speaking today:- Plosser, Lockhart and Wiliams are presenting at a function at...
May 3rd
Wednesday, May 2nd
On today’s economic calendar:- 07:00 MBA Purchase Applications 07:30 Challenger Job-Cut Report  08:15 ADP Employment Report (Consensus 170K - Prior 209K) 09:00 Treasury Refunding Announcement          3 Year Note Announcement          10 Year Note Announcement          30 Year Bond Announcement 10:00 Factory Orders (Consensus -1.8% - Prior 1.3%) 10:15 Fed Outright TIPS Sales up to...
May 2nd