{"id":625899,"date":"2026-05-06T01:21:33","date_gmt":"2026-05-06T01:21:33","guid":{"rendered":"https:\/\/www.newsbeep.com\/us\/625899\/"},"modified":"2026-05-06T01:21:33","modified_gmt":"2026-05-06T01:21:33","slug":"modest-recovery-ahead-of-econ-data","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/us\/625899\/","title":{"rendered":"Modest Recovery Ahead of Econ Data"},"content":{"rendered":"<p>After hitting the highest yields in more than a month yesterday, bonds have managed to pick up a few bps. The bulk of the recovery was already in place by yesterday&#8217;s close, but yields dropped another 2bps after war-related headlines just after 8am (US general said Iran&#8217;s attacks yesterday were below the threshold for war). Oil prices and bond yields continue the same old correlation.\u00a0<\/p>\n<p><img decoding=\"async\" src=\"https:\/\/www.newsbeep.com\/us\/wp-content\/uploads\/2026\/05\/69f9f26bd47a934a01d11f01.png\" alt=\"20260505 open.png\" style=\"max-width: 500px; border: 0;\"\/><\/p>\n<p>Coming up at 10am ET, we&#8217;ll get 2 economic reports that have historically been capable market movers: Job Openings and ISM Services. We&#8217;ve seen some evidence that the market is still willing to react to data if it&#8217;s far enough from expectations, but that risk is a bit asymmetric at present. Reason being: investors are waiting for economic weakness to show up due to high fuel prices. So it doesn&#8217;t take as much of an upside surprise in the data to cause bond market weakness. Conversely, if data is slightly weaker than expected, that would be less of a surprise to most investors and thus not as much of a benefit to bonds.<\/p>\n","protected":false},"excerpt":{"rendered":"After hitting the highest yields in more than a month yesterday, bonds have managed to pick up a&hellip;\n","protected":false},"author":2,"featured_media":625900,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[36],"tags":[28,101],"class_list":["post-625899","post","type-post","status-publish","format-standard","has-post-thumbnail","category-economy","tag-business","tag-economy"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts\/625899","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/comments?post=625899"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts\/625899\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/media\/625900"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/media?parent=625899"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/categories?post=625899"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/tags?post=625899"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}