Inferences from the March JOLTS data
The BLS released March JOLTS data this morning. These data attempt to measure gross hirings and separations through the end of the month. This is in contrast to the payroll numbers, which take a snapshot of employment as of the payperiod period that includes the 12th of the month. hus, the March JOLTS data provide some sense of the dynamics underpinning both the March and April payroll behavior.
May  15   Economic Research

TIC Data...Overseas Investors Sold Corporates, Not Hot On Spread
Overseas activity in the U.S. bond market in March was mixed. While overall purchases were strong, overseas investors liquidated corporate bonds. The strength in the data primarily reflected massive purchases in the Treasury market. The TIC data suggests that the credit stresses are having a strong and lingering effect on the behavior of overseas investors who appeared to be shying away from the spread product markets during the first quarter.
May  15   US Fixed Income Commentary

U.S. Portfolio Survey: Mixed Bag...Treasury Allocations Rise
The SMR Portfolio Manager Survey for the week ended May 13 mixed optimism about the direction of interest rates, but a shortening of duration profiles. The most striking change in portfolio allocstions was a significant increase in Treasury allocations that appeared to come at the expense of MBS allocations.
May  14   U.S. Portfolio Survey

UK May Inflation Report Flash: Only Limited Scope For A Rate Cut
The Bank of England's May Inflation Report shows only a very limited scope for further cuts in interest rates. Interestingly, the central projections now show inflation hovering towards 4% in the second half of 2008, while the BoE acknowledges the possibility for a technical recession for the very first time.
May  13   BoE Inflation Rpt

Latest Research HERE for Research Window
05:17	Top Stories in Asia, Fri May 16 and the U.S., Thurs May 15
04:35	MNI/SMRA Eurozone Net Cash Flow Matrix
03:44	JGBs End Lower Across The Board On Afternoon Sell-Off
03:40	China March TIC Data: Purchases In Treasuries, Agencies Surge
02:02	--> Europe/UK Today: ECB's Trichet, EMU Trade Balance
15 May	China: Ministry of Finance Auctions 27.15 bln yuan in 7-Year Bonds at 4.01%
15 May	JGB Prices Flat On Strong Tsys; Traders Shrug Off Strong GDP
15 May	Japan Q1 GDP Growth Solid On Exports, Consumption
15 May	--> China Today: PBOC Su Ning On Inflation, Yuan Higher, MOF 7-Yr Auction
15 May	US Weekly Dealer Data: Less Spread Product, More Trsy Bills