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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