Results of the 30-year bond sale – Traded at 3.045%/3.050% bid/ask in the when issued market – Prior was 3.109% – Bit-to-cover at 2.41 vs 2.38 prior Solid auction, a touch strong. That could halt the bond rout today.
Fed fund futures show a 83.1% probability that the Fed will move to raise rates again in June Prior to this week, the probability was just under 80% and it spiked to a high of 87% after yesterday’s CPI report and FOMC minutes.
Kremlin just out with a few comments 12 April – extremely important to avoid any steps that could threaten to raise tensions in Syria – “de-confliction” telephone line between US-Russia is active and being used by both sides A bit of risk-on sentiment returning on the comments with yen pairs and core pairs all finding…
Latest data released by Eurostat – 12 April 2018 Soggy headline readings, but better revisions overall to prior figures. But the slump surely adds to the growing rhetoric of a slowdown in the economy.
US President up and tweeting regular as clockwork 12 April – never said when an attack on Syria would take place. Could be very soon or not so soon at all” The Trumpster has also been tweeting on Mueller:
World Trade Organisation out with latest stats 12 April – 2018 growth f/c in a range of 3.1-5.5% – 2019 growth 4.0% – f/c does not take into account possibility of further trade tensions It doesn’t? A tad irresponsible eh?
Housing data from Canada – Prior was +3.2% y/y – m/m new housing price index -0.2% m/m vs +0.1% expected – Prior m/m index 0.0% Some disappointing housing numbers from Canada. No reaction from the Canadian dollar but it’s an area that everyone is watching closely.
US March import/export price index data (April 12, 2018) The USD has move a little higher off the data. The Bureau of Labor Statistics reports: “Import prices recorded no change in March following rises of 0.3 percent in February and 0.8 percent in January. The index has not declined on a monthly basis since decreasing…
US initial jobless claims data now out 12 April – 242k prev – continuing claims 1871k vs 1843k exp vs 181k prev from 1806k Not a lot to get the algos excited here but slightly softer report.
Data coming up at the bottom of the hour The includes a few events that are notable today, but probably not market moving. economic calendar At the bottom of the hour, some US and Canadian data is due up.