A lack of negative headlines overnight is providing a modest boost to risk markets this morning. S&P 500 futures are up 0.45% ahead of the open, and Treasury yields are 2 bps higher on the day. The pace of new coronavirus cases continues to slow, but there is still concern in financial markets regarding the ultimate economic impact. Overall mortgage application activity rose 1.1% for the week ended February 7, according to the MBA index tracking such activity. New purchase applications fell 5.8% over the week, but refi applications were up 5%. Refi application activity is significantly higher to start the year amid a 25 bps decline in primary mortgage rates. The MBA refi applications index is up 30% over the last 3 weeks to the highest level since June 2013.
Jason Haley
Chief Investment Officer
Date | Event | Survey | Actual | Prior | Revised |
2/12/2020 | MBA Mortgage Applications | — | 1.10% | 5.00% | — |
2/12/2020 | Monthly Budget Statement | -$10.0b | — | $8.7b | — |
2/13/2020 | CPI Core Index SA | 266.45 | — | 265.92 | 265.832 |
2/13/2020 | CPI MoM | 0.20% | — | 0.20% | — |
2/13/2020 | CPI Ex Food and Energy MoM | 0.20% | — | 0.10% | — |
2/13/2020 | CPI YoY | 2.40% | — | 2.30% | — |
2/13/2020 | CPI Ex Food and Energy YoY | 2.20% | — | 2.30% | — |
2/13/2020 | CPI Index NSA | 257.86 | — | 256.97 | — |
2/13/2020 | Real Avg Hourly Earning YoY | — | — | 0.60% | — |
2/13/2020 | Real Avg Weekly Earnings YoY | — | — | 0.00% | 0.10% |
2/13/2020 | Initial Jobless Claims | 210k | — | 202k | — |
2/13/2020 | Continuing Claims | 1734k | — | 1751k | — |
2/13/2020 | Bloomberg Consumer Comfort | — | — | 66.5 | — |
2/14/2020 | Import Price Index MoM | -0.20% | — | 0.30% | — |
2/14/2020 | Import Price Index ex Petroleum MoM | -0.10% | — | 0.20% | — |
2/14/2020 | Import Price Index YoY | 0.20% | — | 0.50% | — |
2/14/2020 | Export Price Index MoM | -0.10% | — | -0.20% | — |
2/14/2020 | Export Price Index YoY | -0.20% | — | -0.70% | — |
2/14/2020 | Retail Sales Advance MoM | 0.30% | — | 0.30% | — |
2/14/2020 | Retail Sales Ex Auto MoM | 0.30% | — | 0.70% | — |
2/14/2020 | Retail Sales Ex Auto and Gas | 0.30% | — | 0.50% | — |
2/14/2020 | Retail Sales Control Group | 0.30% | — | 0.50% | — |
2/14/2020 | Industrial Production MoM | -0.20% | — | -0.30% | — |
2/14/2020 | Capacity Utilization | 76.80% | — | 77.00% | — |
2/14/2020 | Manufacturing (SIC) Production | -0.10% | — | 0.20% | — |
2/14/2020 | Bloomberg Feb. United States Economic Survey | ||||
2/14/2020 | Business Inventories | 0.10% | — | -0.20% | — |
2/14/2020 | U. of Mich. Sentiment | 99.4 | — | 99.8 | — |
2/14/2020 | U. of Mich. Current Conditions | 114 | — | 114.4 | — |
2/14/2020 | U. of Mich. Expectations | 90 | — | 90.5 | — |
2/14/2020 | U. of Mich. 1 Yr Inflation | 2.40% | — | 2.50% | — |
2/14/2020 | U. of Mich. 5-10 Yr Inflation | — | — | 2.50% | — |
2/14/2020 | Revisions — Producer Price Index |
Subscribe Today!
Subscribe to our email list and get the latest articles and announcements from ALM First.