January 7, 2020 Headlines

Treasury prices are essentially unchanged after a quiet overnight session. Yields initially moved higher as geopolitical risks faded but rebounded on news that Iran was accessing thirteen retaliation scenarios. Later this morning we will receive the ISM Non-manufacturing Index reading, Factory orders, and the US Treasuries 3-year auction.

Chris Eckhoff
Associate, Investment Management Group

Date Event Survey Actual Prior Revised
1/6/2020 Markit US Services PMI 52.2 52.8 52.2
1/6/2020 Markit US Composite PMI 52.7 52.2
1/7/2020 Trade Balance -$43.6b -$43.1b -$47.2b -$46.9b
1/7/2020 ISM Non-Manufacturing Index 54.5 55 53.9
1/7/2020 Factory Orders -0.80% -0.70% 0.30% 0.20%
1/7/2020 Factory Orders Ex Trans 0.30% 0.20% 0.30%
1/7/2020 Durable Goods Orders -2.00% -2.10% -2.00%
1/7/2020 Durables Ex Transportation -0.10% 0.00%
1/7/2020 Cap Goods Orders Nondef Ex Air 0.20% 0.10%
1/7/2020 Cap Goods Ship Nondef Ex Air -0.30% -0.30%
1/8/2020 MBA Mortgage Applications -5.30%
1/8/2020 ADP Employment Change 160k 67k
1/8/2020 Consumer Credit $16.000b $18.908b
1/9/2020 Revisions: Philadelphia Fed Manufacturing Index
1/9/2020 Initial Jobless Claims 220k 222k
1/9/2020 Continuing Claims 1720k 1728k
1/9/2020 Bloomberg Consumer Comfort 63.9
1/10/2020 Revisions: Household Survey Data
1/10/2020 Change in Nonfarm Payrolls 160k 266k
1/10/2020 Two-Month Payroll Net Revision 41k
1/10/2020 Change in Private Payrolls 153k 254k
1/10/2020 Change in Manufact. Payrolls 5k 54k
1/10/2020 Unemployment Rate 3.50% 3.50%
1/10/2020 Average Hourly Earnings MoM 0.30% 0.20%
1/10/2020 Average Hourly Earnings YoY 3.10% 3.10%
1/10/2020 Average Weekly Hours All Employees 34.4 34.4
1/10/2020 Labor Force Participation Rate 63.20%
1/10/2020 Underemployment Rate 6.90%
1/10/2020 Bloomberg Jan. United States Economic Survey
1/10/2020 Wholesale Inventories MoM 0.00% 0.00%
1/10/2020 Wholesale Trade Sales MoM 0.20% -0.70%




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