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Tuesday

• S&P Case Shiller Home Price Index (medium impact)
• Consumer Confidence (medium impact)

Wednesday

• MBA Applications Index (low impact)
• ADP Employment Report.. not as important as Friday’s Employment Situation report but gaining momentum as an early predictor of non farm payrolls. (medium to high impact)
• Chicago PMI (low impact)
• Factory Orders(medium impact)

Thursday

• Weekly Jobless Claims (low to medium impact)
• Treasury Announcement of size of next week’s auction of 3 year notes, 10 year notes and 30 year bonds.  The additional supply of debt on the market will pressure treasury and MBS prices lower which increases yields and rates. (medium impact)
• ISM Manufacturing Index (medium to high impact)
• Construction Spending (low impact)

Good Friday

• Employment Situation, this is the single most important report we get on a monthly basis.  Early predictions call for a gain of anywhere from 100,000 to 200,000 jobs and the unemployment rate holding steady at 9.7%.  The positive job growth will be attributed to massive government hiring of temporary census jobs.(HIGH IMPACT)
• The stock market will be closed while the bond market will unplug at noon.