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April 07, 2026
2yr and The Iran War
April 7, 2026 8:00 AM UTC
· 2yr yields can edge lower from current less elevated levels, as DM central banks continue to try to calm fears of near-term rate hikes outside of the BOJ/RBA. However, the key swing factor remains the length of the Iran war, as that will determine the trajectory of energy prices in
April 06, 2026
U.S. March ISM Services - Slower but far from weak, with inflationary pressure rising
April 6, 2026 2:15 PM UTC
March’s ISM services index of 54.0 is weaker than expected and down from February’s 56.1 which was the strongest since July 2022. However, March’s reading remains higher than in every month of 2025, contrasting the S and P services PMI, which on Friday was revised down to a below neutral 49.8
Preview: Due April 7 - U.S. February Durable Goods Orders - Aircraft to slip, but ex transport trend is firm
April 6, 2026 1:32 PM UTC
We expect February durable goods orders to decline by 2.2% on a correction from recent strength in aircraft, though ex transport we expect continued underlying strength to be shown, with a rise of 0.7%.
April 03, 2026
Preview: Due April 14 - U.S. March PPI - Strongest since March 2022
April 3, 2026 4:51 PM UTC
We expect PPI to rise by 1.0% in February, which would be the strongest rise since March 2022. The rise will be led by energy, though the core rates ex food and energy at 0.5% and ex food, energy and trade at 0.4% are likely to maintain a recent acceleration.
Preview: Due April 16 - U.S. March Industrial Production - Moderate manufacturing gain, stronger overall
April 3, 2026 2:50 PM UTC
We expect a 0.5% increase in March industrial production with the increase coming from a 0.3% rise in manufacturing, while gains of 1.0% in utilities and 1.2% in mining will each add around 0.1% to the total.