August 12, 2021 Headlines
US Treasury yields traded sideways in the overnight session on light volumes with limited follow-through from yesterday’s rally. A strong 10-year auction and softer than expected CPI data initially pushed 10-year yields down to 1.33% at the NY close. The July inflation report showed Core CPI, which excludes more volatile food and energy costs, rose 0.3% MoM or 0.1% less than expected. The headline CPI figure matched the median forecast at 0.5% MoM.
Chris Eckhoff
Associate, Investment Management Group
Date | Event | Surv(M) | Actual | Prior | Revised |
08/09/21 | JOLTS Job Openings | 9270k | 10073k | 9209k | 9483k |
08/10/21 | NFIB Small Business Optimism | 102 | 99.7 | 102.5 | — |
08/10/21 | Nonfarm Productivity | 3.20% | 2.30% | 5.40% | 4.30% |
08/10/21 | Unit Labor Costs | 1.00% | 1.00% | 1.70% | -2.80% |
08/11/21 | MBA Mortgage Applications | — | 2.80% | -1.70% | — |
08/11/21 | CPI MoM | 0.50% | 0.50% | 0.90% | — |
08/11/21 | CPI Ex Food and Energy MoM | 0.40% | 0.30% | 0.90% | — |
08/11/21 | CPI YoY | 5.30% | 5.40% | 5.40% | — |
08/11/21 | CPI Ex Food and Energy YoY | 4.30% | 4.30% | 4.50% | — |
08/11/21 | CPI Index NSA | 272.937 | 273.003 | 271.696 | — |
08/11/21 | CPI Core Index SA | 279.45 | 279.054 | 278.14 | — |
08/11/21 | Real Avg Weekly Earnings YoY | — | -0.70% | -1.40% | -1.00% |
08/11/21 | Real Avg Hourly Earning YoY | — | -1.20% | -1.70% | -1.60% |
08/11/21 | Monthly Budget Statement | -$294.0b | -$302.1b | -$63.0b | — |
08/12/21 | Initial Jobless Claims | 375k | 375k | 385k | 387k |
08/12/21 | Continuing Claims | 2900k | 2866k | 2930k | 2980k |
08/12/21 | PPI Final Demand MoM | 0.60% | 1.00% | 1.00% | — |
08/12/21 | PPI Ex Food and Energy MoM | 0.50% | 1.00% | 1.00% | — |
08/12/21 | PPI Ex Food, Energy, Trade MoM | 0.50% | 0.90% | 0.50% | — |
08/12/21 | PPI Final Demand YoY | 7.20% | 7.80% | 7.30% | — |
08/12/21 | PPI Ex Food and Energy YoY | 5.60% | 6.20% | 5.60% | — |
08/12/21 | PPI Ex Food, Energy, Trade YoY | 5.70% | 6.10% | 5.50% | — |
08/12/21 | Langer Consumer Comfort | — | 54.6 | 53.3 | — |
08/13/21 | Import Price Index MoM | 0.60% | — | 1.00% | — |
08/13/21 | Import Price Index ex Petroleum MoM | 0.50% | — | 0.70% | — |
08/13/21 | Import Price Index YoY | 10.50% | — | 11.20% | — |
08/13/21 | Export Price Index MoM | 0.80% | — | 1.20% | — |
08/13/21 | Export Price Index YoY | — | — | 16.80% | — |
08/13/21 | Bloomberg Aug. United States Economic Survey | ||||
08/13/21 | U. of Mich. Sentiment | 81.2 | — | 81.2 | — |
08/13/21 | U. of Mich. Current Conditions | 82 | — | 84.5 | — |
08/13/21 | U. of Mich. Expectations | 77.5 | — | 79 | — |
08/13/21 | U. of Mich. 1 Yr Inflation | 4.60% | — | 4.70% | — |
08/13/21 | U. of Mich. 5-10 Yr Inflation | — | — | 2.80% | — |
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