February 11, 2021 Headlines
Treasuries are essentially unchanged across the curve this morning following a quiet overnight session. In a speech yesterday, Fed Chair Powell delivered more ultra-dovish guidance, saying that the U.S. is “still very far from a strong labor market.” Powell said there are downside risks from a slower vaccine rollout, and he was dismissive of inflation risks. Initial jobless claims for last week were higher than expected but still slightly down from the prior week. As some states continue to ease restrictions amid improved Covid-19 data, we could see a return to bigger monthly gains in payrolls in the coming months.
Jason Haley
Chief Investment Officer
Date | Event | Surv(M) | Actual | Prior | Revised |
02/08/21 | Revisions: CPI | ||||
02/09/21 | NFIB Small Business Optimism | 97 | 95 | 95.9 | — |
02/09/21 | JOLTS Job Openings | 6400 | 6646 | 6527 | 6572 |
02/10/21 | MBA Mortgage Applications | — | -4.10% | 8.10% | — |
02/10/21 | CPI MoM | 0.30% | 0.30% | 0.40% | 0.20% |
02/10/21 | CPI Ex Food and Energy MoM | 0.20% | 0.00% | 0.10% | 0.00% |
02/10/21 | CPI YoY | 1.50% | 1.40% | 1.40% | — |
02/10/21 | CPI Ex Food and Energy YoY | 1.50% | 1.40% | 1.60% | — |
02/10/21 | CPI Index NSA | 261.8 | 261.582 | 260.474 | — |
02/10/21 | CPI Core Index SA | 270.592 | 270.025 | 270.117 | 269.94 |
02/10/21 | Real Avg Weekly Earnings YoY | — | 6.10% | 4.90% | 5.30% |
02/10/21 | Real Avg Hourly Earning YoY | — | 4.00% | 3.70% | 4.10% |
02/10/21 | Wholesale Inventories MoM | 0.10% | 0.30% | 0.10% | — |
02/10/21 | Wholesale Trade Sales MoM | — | 1.20% | 0.20% | 0.30% |
02/10/21 | Monthly Budget Statement | -$157.5b | -$162.8b | -$32.6b | — |
02/11/21 | Initial Jobless Claims | 760k | 793k | 779k | 812k |
02/11/21 | Continuing Claims | 4420k | 4545k | 4592k | 4690k |
02/11/21 | Bloomberg Consumer Comfort | — | — | 44.6 | — |
02/11/21 | Mortgage Delinquencies | — | — | 7.65% | — |
02/11/21 | MBA Mortgage Foreclosures | — | — | 0.59% | — |
02/12/21 | Bloomberg Feb. United States Economic Survey | ||||
02/12/21 | U. of Mich. Sentiment | 80.8 | — | 79 | — |
02/12/21 | U. of Mich. Current Conditions | 89 | — | 86.7 | — |
02/12/21 | U. of Mich. Expectations | 76 | — | 74 | — |
02/12/21 | U. of Mich. 1 Yr Inflation | — | — | 3.00% | — |
02/12/21 | U. of Mich. 5-10 Yr Inflation | — | — | 2.70% | — |
02/12/21 | Revisions: PPI |
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