April 5, 2022 Headlines

Treasury yields are 5-7 bps higher across the curve following a relatively quiet overnight session from a trading volumes perspective. A more hawkish tone from the Australian central bank, as well as strong economic data from U.K and the Euro zone, are contributing to the bearish tone in bonds today. Bloomberg is reporting that the Treasury Department is no longer allowing dollar debt payments from Russian government accounts at U.S. banks, creating an even greater challenge for Moscow to find a way to pay bond investors and avoid default. The market may remain quieter until the release of the March 16 FOMC minutes tomorrow afternoon. Bond investors will paying particular attention to the discussion of balance sheet reduction plans.

Jason Haley
Chief Investment Officer

DateEventSurv(M)ActualPriorRevised
04/04/22Factory Orders-0.60%-0.50%1.40%1.50%
04/04/22Factory Orders Ex Trans0.30%0.40%1.00%1.20%
04/04/22Durable Goods Orders-2.20%-2.10%-2.20%—
04/04/22Durables Ex Transportation-0.60%-0.60%-0.60%—
04/04/22Cap Goods Orders Nondef Ex Air—-0.20%-0.30%—
04/04/22Cap Goods Ship Nondef Ex Air—0.30%0.50%—
04/05/22Trade Balance-$88.5b-$89.2b-$89.7b-$89.2b
04/05/22S&P Global US Services PMI58.9—58.9—
04/05/22S&P Global US Composite PMI58.5—58.5—
04/05/22ISM Services Index58.5—56.5—
04/06/22MBA Mortgage Applications——-6.80%—
04/06/22FOMC Meeting Minutes————
04/07/22Revisions: Jobless Claims
04/07/22Initial Jobless Claims200k—202k—
04/07/22Continuing Claims1302k—1307k—
04/07/22Consumer Credit$18.100b—$6.838b—
04/08/22Bloomberg April United States Economic Survey
04/08/22Wholesale Trade Sales MoM0.80%—4.00%—
04/08/22Wholesale Inventories MoM2.10%—2.10%—

 

Subscribe Today!

Subscribe to our email list and get the latest articles and announcements from ALM First.

Subscribe

Recent Articles

ALM First offers investment advisory services through ALM First Financial Advisors, LLC, which is registered with the U.S. Securities and Exchange Commission (“SEC”). SEC registration does not constitute an endorsement of the firm by the SEC nor does it indicate that the firm has attained a particular level of skill or ability. The information contained herein does not constitute investment advice or a recommendation for you to purchase or sell any specific security. You are solely responsible for reviewing the content and for any actions you take or choose not to take based on your review of such content.Information contained herein was derived from third party sources as indicated. While such information is believed to be reliable, no representation or warranty is made concerning the accuracy of any information presented. We have not and will not independently verify this information. Where such sources include opinions and projections, such opinions and projections should be ascribed only to the applicable third party source and not to ALM First.Statements herein that reflect projections or expectations of future financial or economic performance are forward-looking statements. Such “forward-looking” statements are based on various assumptions, which assumptions may not prove to be correct. Accordingly, there can be no assurance that such assumptions and statements will accurately predict future events or actual performance. No representation or warranty can be given that the estimates, opinions or assumptions made herein will prove to be accurate. Any projections and forward-looking statements included herein should be considered speculative and are qualified in their entirety by the information and risks disclosed in the confidential offering document. Actual results for any period may or may not approximate such forward-looking statements. No representations or warranties whatsoever are made by ALM First Financial Advisors, LLC or any other person or entity as to the future profitability of investments recommended by ALM First Financial Advisors, LLC.