Bond Traders Await US Inflation Data With Oil Rise in Focus

Article content(Bloomberg) — Bond investors are looking ahead to a series of inflation reports, including the consumer price index for February, at a moment when surging oil prices are largely dictating flows in the $31 trillion Treasury market.Sign In or Create an AccountEmail AddressContinueor View more offersArticle contentThe risk of a potential inflation spike from an extended conflict in the Middle East has prompted traders to push out expectations for Federal Reserve rate cuts this year from July to September. A surprise slide in job hiring for February provided limited support for bonds as oil prices jumped. Article contentWe apologize, but this video has failed to load.Try refreshing your browser, ortap here to see other videos from our team.Article contentArticle content“The energy market is still top of mind for bond investors, and the data is taking a backseat,” said Kevin Flanagan, head of investment strategy at WisdomTree. “You will get knee-jerk moves in bonds as we saw after payrolls, but what’s going on in oil is the focus of the bond market.”Article contentTop StoriesGet the latest headlines, breaking news and columns.There was an error, please provide a valid email address.Sign UpBy signing up you consent to receive the above newsletter from Postmedia Network Inc.Thanks for signing up!A welcome email is on its way. If you don't see it, please check your junk folder.The next issue of Top Stories will soon be in your inbox.We encountered an issue signing you up. Please try againInterested in more newsletters? Browse here.Article contentThe market will also gauge the reception for sales of 10-, and 30-year Treasuries as the haven qualities of government bonds have come into question as yields have risen sharply over the past week.Article contentFed officials also enter their customary blackout ahead of their March policy meeting.Article contentWhat to WatchArticle contentEconomic data: Mar. 9: New York Fed 1-Yr inflation expectationsMar. 10: NFIB small business optimismMar. 11: MBA mortgage applications; ADP weekly employment change; existing home sales; consumer price index; real average hourly and weekly earnings; Federal budget balanceMar. 12: Initial jobless claims; continuing claims; Import and Exports; Trade balance; housing starts; building permits; household change in net worth (Q4)Mar. 13: Personal income and spending; PCE price index; durable goods orders; capital goods orders; GDP annualized(Q4); GDP price index; U. of Mich. sentiment, current conditions and inflation expectations; JOLTS jobs openings and quits rateFed calendar: Mar. 7: Federal Reserve communications blackout ahead of March 17/18 policy meetingAuction calendar: Mar. 11: 13-, 26-billsMar. 10: 6-week bills; three-year notesMar. 11: 17-week bills; 10-year notesMar. 12: 4-, 8-week bills; 30-year bondsArticle contentShare this article in your social networkCommentsYou must be logged in to join the discussion or read more comments.Create an AccountSign in Join the Conversation Postmedia is committed to maintaining a lively but civil forum for discussion. Please keep comments relevant and respectful. Comments may take up to an hour to appear on the site. You will receive an email if there is a reply to your comment, an update to a thread you follow or if a user you follow comments. Visit our Community Guidelines for more information.