December 24, 2020 Headlines

Volumes are light ahead of the Christmas holiday with both US Treasury yields and equities essentially unchanged in the overnight session. Headlines are focused on the European Union and United Kingdom finalizing a post-Brexit trade accord after reaching a compromise on fishing rights. The agreement would complete Britain’s separation from the trading bloc following the 2016 referendum.  Due to the upcoming holiday, the bond market is set to close early at 2:00pm EST.

Chris Eckhoff
Associate, Investment Management Group

Date TimeEventSurveyActualPriorRevised
12/21/2020Chicago Fed Nat Activity Index0.750.270.831.01
12/22/2020GDP Annualized QoQ33.10%33.40%33.10%
12/22/2020Personal Consumption40.60%41.00%40.60%
12/22/2020GDP Price Index3.60%3.50%3.60%
12/22/2020Core PCE QoQ3.50%3.40%3.50%
12/22/2020Conf. Board Consumer Confidence9788.696.192.9
12/22/2020Conf. Board Present Situation90.3105.9
12/22/2020Conf. Board Expectations87.589.584.3
12/22/2020Existing Home Sales6.70m6.69m6.85m6.86m
12/22/2020Existing Home Sales MoM-2.20%-2.50%4.30%4.40%
12/22/2020Richmond Fed Manufact. Index111915
12/23/2020MBA Mortgage Applications0.80%1.10%
12/23/2020PCE Core Deflator MoM0.10%0.00%0.00%
12/23/2020Durable Goods Orders0.60%0.90%1.30%1.80%
12/23/2020Durables Ex Transportation0.50%0.40%1.30%1.90%
12/23/2020Cap Goods Orders Nondef Ex Air0.60%0.40%0.80%1.60%
12/23/2020Cap Goods Ship Nondef Ex Air0.70%0.40%2.40%2.60%
12/23/2020Initial Jobless Claims880k803k885k892k
12/23/2020Continuing Claims5560k5337k5508k5507k
12/23/2020Personal Income-0.30%-1.10%-0.70%-0.60%
12/23/2020Personal Spending-0.20%-0.40%0.50%0.30%
12/23/2020Real Personal Spending-0.30%-0.40%0.50%0.30%
12/23/2020PCE Deflator MoM0.10%0.00%0.00%
12/23/2020PCE Deflator YoY1.20%1.10%1.20%
12/23/2020PCE Core Deflator YoY1.40%1.40%1.40%
12/23/2020FHFA House Price Index MoM0.60%1.50%1.70%
12/23/2020U. of Mich. Sentiment81.180.781.4
12/23/2020U. of Mich. Current Conditions9091.8
12/23/2020U. of Mich. Expectations74.674.7
12/23/2020U. of Mich. 1 Yr Inflation2.50%2.30%
12/23/2020U. of Mich. 5-10 Yr Inflation2.50%2.50%
12/23/2020New Home Sales995k841k999k945k
12/23/2020New Home Sales MoM-0.50%-11.00%-0.30%-2.10%
12/24/2020Bloomberg Consumer Comfort48.4

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