Mon. May 9, No news
Tues. May 10, 10:00 a.m. ET March Wholesale Inventories +1.0% vs. last +1.0%
Tues. May 10, 1:00 p.m. ET Treasury sells $32 billion of 3-year notes
Tues. May 10 before the close Most mortgage-backed securities “roll” to June delivery
Wed. May 11, 1:00 p.m. ET Treasury sells $24 billion of 10-year notes
Thurs. May 12, 8:30 a.m. ET Initial jobless claims for the week ended 5/7 Down 44,000 to 434,000
Until the total number of first-time claims for jobless benefits once again falls below 400,000 on a week-over-week basis -- this data will tend to support steady mortgage interest rates.
Thurs. May 12, 8:30 a.m. ET April Retail Sales +0.6% vs. last +0.4% Ex. Auto +0.6% vs. last +0.8%
Thurs. May 12, 8:30 a.m. ET April Producer Price Index +0.6% vs. last +0.7% Core Rate +0.2% vs. last +0.3%
The headline measure of inflation at the factory gate is
expected to post another solid gain in April – driven almost
entirely by higher fuel costs. The more important core rate (a
value that is stripped of the volatile food and energy
components) is projected to post a gain of 0.2%. In the
unlikely event the core rate posts a reading of 0.3% or more --
look for mortgage interest rates to finish the day higher.
Thurs. May 12, 10:00 a.m. ET March Business Inventories +0.8% vs. last +0.5%
Thurs. May 12, 1:00 p.m. ET Treasury sells $16 billion of 30-year bonds
Fri. May 13, 8:30 a.m. ET April Consumer Price Index +0.4% vs. last +0.5% Core Rate +0.2% vs. last 0.1%
