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.
Associate, Investment Management Group
|04/21/21||MBA Mortgage Applications||—||—||-3.70%||—|
|04/22/21||Chicago Fed Nat Activity Index||1.25||—||-1.09||—|
|04/22/21||Initial Jobless Claims||610k||—||576k||—|
|04/22/21||Langer Consumer Comfort||—||—||53.9||—|
|04/22/21||Existing Home Sales||6.17m||—||6.22m||—|
|04/22/21||Existing Home Sales MoM||-0.80%||—||-6.60%||—|
|04/22/21||Kansas City Fed Manf. Activity||28||—||26||—|
|04/23/21||Markit US Manufacturing PMI||61||—||59.1||—|
|04/23/21||Markit US Services PMI||61.5||—||60.4||—|
|04/23/21||Markit US Composite PMI||—||—||59.7||—|
|04/23/21||New Home Sales||885k||—||775k||—|
|04/23/21||New Home Sales MoM||14.20%||—||-18.20%||—|
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