December 23, 2019 Headlines

Treasury prices are modestly higher on light volumes this morning. U.S. equity futures are higher ahead of the open on reports that China plans to cut tariffs on a range of goods, as well pledging to further open several industries to outside investment. Treasuries could be a bit more volatile this week amid $113 billion of new issuance (2’s, 5’s, and 7’s) and relatively light market participation. This will be our last daily commentary of 2019. It’s been a great year, and we wish everyone Happy Holidays and a Happy New Year!

Jason Haley
Chief Investment Officer

DateEventSurveyActualPriorRevised
12/23/2019Durable Goods Orders1.50%-2.00%0.50%0.20%
12/23/2019Durables Ex Transportation0.20%0.00%0.50%0.30%
12/23/2019Cap Goods Orders Nondef Ex Air0.10%0.10%1.10%—
12/23/2019Cap Goods Ship Nondef Ex Air0.00%-0.30%0.80%0.70%
12/23/2019Chicago Fed Nat Activity Index-0.330.56-0.71-0.76
12/23/2019New Home Sales732k—733k—
12/23/2019New Home Sales MoM-0.10%—-0.70%—
12/24/2019Richmond Fed Manufact. Index1—-1—
12/26/2019MBA Mortgage Applications——-5.00%—
12/26/2019Initial Jobless Claims220k—234k—
12/26/2019Continuing Claims1699k—1722k—
12/26/2019Bloomberg Consumer Comfort——61.1—

 

 

 

 

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