December 28, 2020 Headlines
President Trump’s decision last night to sign the spending and Covid-aid package sparked a risk-on trade overnight. Treasury yields are higher and steeper this morning, and U.S. equity futures are up 55-90 bps. The $2.3 trillion spending bill averted a government shutdown this week, and it included $900 billion in fresh Covid-related support. This final week of 2020 should be very quiet in fixed income markets from a trading volume perspective, and there are no major economic events on the calendar.
Jason Haley
Chief Investment Officer
Date | Event | Surv(M) | Actual | Prior | Revised |
12/28/20 | Dallas Fed Manf. Activity | 10.2 | — | 12 | — |
12/29/20 | S&P CoreLogic CS 20-City MoM SA | 1.00% | — | 1.27% | — |
12/29/20 | S&P CoreLogic CS 20-City YoY NSA | 6.90% | — | 6.57% | — |
12/29/20 | S&P CoreLogic CS 20-City NSA Index | — | — | 232.53 | — |
12/29/20 | S&P CoreLogic CS US HPI YoY NSA | — | — | 6.96% | — |
12/29/20 | S&P CoreLogic CS US HPI NSA Index | — | — | 226.8 | — |
12/30/20 | Wholesale Inventories MoM | 0.70% | — | 1.10% | — |
12/30/20 | Advance Goods Trade Balance | -$81.5b | — | -$80.3b | — |
12/30/20 | Retail Inventories MoM | — | — | 0.80% | — |
12/30/20 | MNI Chicago PMI | 56 | — | 58.2 | — |
12/30/20 | Pending Home Sales MoM | 0.00% | — | -1.10% | — |
12/30/20 | Pending Home Sales NSA YoY | 21.00% | — | 19.50% | — |
12/31/20 | Initial Jobless Claims | 830k | — | 803k | — |
12/31/20 | Continuing Claims | — | — | 5337k | — |
12/31/20 | Bloomberg Consumer Comfort | — | — | 47 | — |
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