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

DateEventSurv(M)ActualPriorRevised
12/28/20Dallas Fed Manf. Activity10.2—12—
12/29/20S&P CoreLogic CS 20-City MoM SA1.00%—1.27%—
12/29/20S&P CoreLogic CS 20-City YoY NSA6.90%—6.57%—
12/29/20S&P CoreLogic CS 20-City NSA Index——232.53—
12/29/20S&P CoreLogic CS US HPI YoY NSA——6.96%—
12/29/20S&P CoreLogic CS US HPI NSA Index——226.8—
12/30/20Wholesale Inventories MoM0.70%—1.10%—
12/30/20Advance Goods Trade Balance-$81.5b—-$80.3b—
12/30/20Retail Inventories MoM——0.80%—
12/30/20MNI Chicago PMI56—58.2—
12/30/20Pending Home Sales MoM0.00%—-1.10%—
12/30/20Pending Home Sales NSA YoY21.00%—19.50%—
12/31/20Initial Jobless Claims830k—803k—
12/31/20Continuing Claims——5337k—
12/31/20Bloomberg Consumer Comfort——47—

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