January 11, 2021 Headlines

Overnight trading volumes were light in the Treasury market with Japan closed for holiday. Yields are slightly lower/flatter this morning on a softer tone in risk markets both here and abroad. There are no data releases on the economic calendar for today, but December CPI (Wednesday) and December retail sales (Friday) will be released this week. There are several Fed leaders scheduled to speak this week, including Jerome Powell taking part in a Princeton economics webinar on Thursday.

Jason Haley
Chief Investment Officer

Date Event Survey Actual Prior Revised
1/12/2021 NFIB Small Business Optimism 100 — 101.4 —
1/12/2021 JOLTS Job Openings 6400 — 6652 —
1/13/2021 MBA Mortgage Applications — — 1.70% —
1/13/2021 CPI MoM 0.40% — 0.20% —
1/13/2021 CPI Ex Food and Energy MoM 0.10% — 0.20% —
1/13/2021 CPI YoY 1.30% — 1.20% —
1/13/2021 CPI Ex Food and Energy YoY 1.60% — 1.60% —
1/13/2021 CPI Index NSA 260.401 — 260.229 —
1/13/2021 CPI Core Index SA 270.243 — 269.887 —
1/13/2021 Real Avg Hourly Earning YoY — — 3.20% —
1/13/2021 Real Avg Weekly Earnings YoY — — 4.70% —
1/13/2021 Monthly Budget Statement -$145.0b — -$145.3b —
1/13/2021 U.S. Federal Reserve Releases Beige Book
1/14/2021 Revisions: Philadelphia Fed Manufacturing Survey
1/14/2021 Initial Jobless Claims 790k — 787k —
1/14/2021 Import Price Index MoM 0.70% — 0.10% —
1/14/2021 Continuing Claims 5000k — 5072k —
1/14/2021 Import Price Index ex Petroleum MoM 0.10% — 0.00% —
1/14/2021 Import Price Index YoY -0.80% — -1.00% —
1/14/2021 Export Price Index MoM 0.60% — 0.60% —
1/14/2021 Export Price Index YoY — — -1.10% —
1/14/2021 Bloomberg Consumer Comfort — — 44.4 —
1/15/2021 PPI Final Demand MoM 0.40% — 0.10% —
1/15/2021 PPI Ex Food and Energy MoM 0.10% — 0.10% —
1/15/2021 PPI Ex Food, Energy, Trade MoM 0.20% — 0.10% —
1/15/2021 PPI Final Demand YoY 0.80% — 0.80% —
1/15/2021 PPI Ex Food, Energy, Trade YoY 0.90% — 0.90% —
1/15/2021 PPI Ex Food and Energy YoY 1.30% — 1.40% —
1/15/2021 Empire Manufacturing 6 — 4.9 —
1/15/2021 Retail Sales Advance MoM 0.00% — -1.10% —
1/15/2021 Retail Sales Ex Auto MoM -0.10% — -0.90% —
1/15/2021 Retail Sales Ex Auto and Gas -0.30% — -0.80% —
1/15/2021 Retail Sales Control Group 0.10% — -0.50% —
1/15/2021 Bloomberg Jan. United States Economic Survey
1/15/2021 Capacity Utilization 73.60% — 73.30% —
1/15/2021 Industrial Production MoM 0.50% — 0.40% —
1/15/2021 Manufacturing (SIC) Production 0.50% — 0.80% —
1/15/2021 Business Inventories 0.50% — 0.70% —
1/15/2021 U. of Mich. Sentiment 79.9 — 80.7 —
1/15/2021 U. of Mich. Current Conditions — — 90 —
1/15/2021 U. of Mich. Expectations — — 74.6 —
1/15/2021 U. of Mich. 1 Yr Inflation 2.50% — 2.50% —
1/15/2021 U. of Mich. 5-10 Yr Inflation — — 2.50% —

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