Daily digest market movers: Hawk Waller main event
- The Mortgage Bankers Association has released the weekly Mortgage Applications Index for this week at 11:00 GMT. The previous number showed a 1.6% contraction compared with a week earlier, and this week was no different with a contraction by 0.7%.
- The US Treasury is issuing another bond, this time in the 7-year tenor at 17:00 GMT.
- Fed Board Member Christopher Waller will speak about the US Economic Outlook at the Economic Club of New York around 22:00 GMT.
- Equities are overall in the green, except for China, where both the Hong Kong Hang Seng Index and the Shenzhen Index have retreated over 1%. European and US equities are in the green by 0.25% on average.
- According to the CME Group’s FedWatch Tool, expectations for the Fed’s May 1 meeting are at 88.3% for keeping the fed funds rate unchanged, while chances of a rate cut are at 11.7%.
- The benchmark 10-year US Treasury Note trades around 4.23%, a touch softer from Tuesday’s high at 4.27%.
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