April 20, 2021 Headlines

US Treasuries are unchanged overnight as a sudden drop in equities erased the initial move higher in yields. Virus cases continue to grow in developed countries such as Brazil and India which has caused the decline to center around the travel industry. Looking ahead, the economic calendar picks up next week with the release of durable goods, confidence, housing and GDP data. The current survey expectation for Q1 real GDP is +6% as the period included two rounds of fiscal stimulus.

Chris Eckhoff
Associate, Investment Management Group

04/21/21MBA Mortgage Applications-3.70%
04/22/21Chicago Fed Nat Activity Index1.25-1.09
04/22/21Initial Jobless Claims610k576k
04/22/21Continuing Claims3640k3731k
04/22/21Langer Consumer Comfort53.9
04/22/21Leading Index1.00%0.20%
04/22/21Existing Home Sales6.17m6.22m
04/22/21Existing Home Sales MoM-0.80%-6.60%
04/22/21Kansas City Fed Manf. Activity2826
04/23/21Markit US Manufacturing PMI6159.1
04/23/21Markit US Services PMI61.560.4
04/23/21Markit US Composite PMI59.7
04/23/21New Home Sales885k775k
04/23/21New Home Sales MoM14.20%-18.20%

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