Treasuries are well bid to start the day, with yields 2-4 bps lower versus yesterday’s close. The primary news story affecting markets continues to be contagion concerns surrounding the coronavirus outbreak in China. The number of deaths related to the virus continues to climb, and the Chinese government has added travel restrictions to two more cities ahead of the Lunar New Year holiday. Beyond this matter, there are no other major events/headlines affecting global markets today, and for the economic calendar, the first look at January PMI data from Markit will be released.
Chief Investment Officer
|1/23/2020||Initial Jobless Claims||214k||211k||204k||205k|
|1/23/2020||Bloomberg Economic Expectations||—||—||56.5||—|
|1/23/2020||Bloomberg Consumer Comfort||—||—||66||—|
|1/23/2020||Revisions – LEI|
|1/23/2020||Kansas City Fed Manf. Activity||-6||—||-8||—|
|1/24/2020||Markit US Services PMI||53||—||52.8||—|
|1/24/2020||Markit US Composite PMI||—||—||52.7||—|
|1/24/2020||Markit US Manufacturing PMI||52.4||—||52.4||—|
Subscribe to our email list and get the latest articles and announcements from ALM First.