This Week
This is a huge week for Jobs data with ADP Private Payrolls, Initial Jobless Claims and Friday’s Non-Farm Payrolls.
There are no major Treasury auctions this week.
MBS are under pressure this morning as it appears that any strike against Syria will be delayed as the President seeks support from Congress. Remember, pricing improved temporarily due to fear that it would happen last week…and it didn’t happen last week – so now, MBS are giving up that false premium.
What is on the agenda this week?
|
Date |
Time (ET) |
Economic Release |
Market Expects |
Prior |
|
3-Sep |
10:00 AM |
ISM Index |
53.6 |
55.4 |
|
3-Sep |
10:00 AM |
Construction Spending |
0.50% |
-0.60% |
|
4-Sep |
7:00 AM |
MBA Mortgage Index |
NA |
-2.50% |
|
4-Sep |
8:30 AM |
Trade Balance |
-$38.2B |
-$34.2B |
|
4-Sep |
2:00 PM |
Auto Sales |
NA |
5.6M |
|
4-Sep |
2:00 PM |
Truck Sales |
NA |
6.8M |
|
4-Sep |
2:00 PM |
Fed’s Beige Book |
NA |
NA |
|
5-Sep |
7:30 AM |
Challenger Job Cuts |
NA |
2.30% |
|
5-Sep |
8:15 AM |
ADP Employment Change |
180K |
200K |
|
5-Sep |
8:30 AM |
Initial Claims |
333K |
331K |
|
5-Sep |
8:30 AM |
Continuing Claims |
2977K |
2989K |
|
5-Sep |
8:30 AM |
Productivity-Rev. |
1.50% |
0.90% |
|
5-Sep |
8:30 AM |
Unit Labor Costs |
1.00% |
1.40% |
|
5-Sep |
10:00 AM |
Factory Orders |
-3.70% |
1.50% |
|
5-Sep |
10:00 AM |
ISM Services |
54.5 |
56 |
|
5-Sep |
10:30 AM |
Natural Gas Inventories |
NA |
67 bcf |
|
5-Sep |
11:00 AM |
Crude Inventories |
NA |
2.986M |
|
6-Sep |
8:30 AM |
Nonfarm Payrolls |
177K |
162K |
|
6-Sep |
8:30 AM |
Nonfarm Private Payrolls |
180K |
161K |
|
6-Sep |
8:30 AM |
Unemployment Rate |
7.40% |
7.40% |
|
6-Sep |
8:30 AM |
Hourly Earnings |
0.20% |
-0.10% |
|
6-Sep |
8:30 AM |
Average Workweek |
34.5 |
34.4 |