The calendar has housing and speakers, and no decision. The event risk still sits in the front end, because the last CPI left the market unbalanced.
Housing figures feed the rates desk more than the equity tape, unless a megacap reports the same morning. Today the order is: the two-year’s calendar first, then the names.
The calendar is the risk plan. It is not a trading program.
What the desk is watching
- Housing and speakers
- No decision
- Risk stays in the front end