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

Date	Event	Survey	Actual	Prior	Revised
12/23/2019	Durable Goods Orders	1.50%	-2.00%	0.50%	0.20%
12/23/2019	Durables Ex Transportation	0.20%	0.00%	0.50%	0.30%
12/23/2019	Cap Goods Orders Nondef Ex Air	0.10%	0.10%	1.10%	—
12/23/2019	Cap Goods Ship Nondef Ex Air	0.00%	-0.30%	0.80%	0.70%
12/23/2019	Chicago Fed Nat Activity Index	-0.33	0.56	-0.71	-0.76
12/23/2019	New Home Sales	732k	—	733k	—
12/23/2019	New Home Sales MoM	-0.10%	—	-0.70%	—
12/24/2019	Richmond Fed Manufact. Index	1	—	-1	—
12/26/2019	MBA Mortgage Applications	—	—	-5.00%	—
12/26/2019	Initial Jobless Claims	220k	—	234k	—
12/26/2019	Continuing Claims	1699k	—	1722k	—
12/26/2019	Bloomberg Consumer Comfort	—	—	61.1	—

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