July 10, 2020 Headlines

Treasury prices are higher to start the day on more negative COVID-19 headlines.  The U.S. set another high mark yesterday regarding the number of new virus cases in a single day, breaking the previous record set on Tuesday. The economic calendar was relatively light this week, but it will pick up again next week with June retail sales and CPI reports. We’ll also hear from several Fed leaders next week, including New York Fed President John Williams participating in a Libor transition discussion on Monday.

Jason Haley
Chief Investment Officer

7/6/2020Markit US Services PMI46.947.946.7
7/6/2020Markit US Composite PMI47.946.8
7/6/2020ISM Non-Manufacturing Index50.257.145.4
7/7/2020JOLTS Job Openings4500539750464996
7/8/2020MBA Mortgage Applications2.20%-1.80%
7/8/2020Consumer Credit-$15.000b-$18.280b-$68.779b-$70.188b
7/9/2020Initial Jobless Claims1375k1314k1427k1413k
7/9/2020Continuing Claims18800k18062k19290k18760k
7/9/2020Bloomberg Consumer Comfort42.943.3
7/9/2020Wholesale Inventories MoM-1.20%-1.20%-1.20%
7/9/2020Wholesale Trade Sales MoM4.50%5.40%-16.90%-16.40%
7/10/2020PPI Final Demand MoM0.40%-0.20%0.40%
7/10/2020PPI Ex Food and Energy MoM0.10%-0.30%-0.10%
7/10/2020PPI Ex Food, Energy, Trade MoM0.10%0.30%0.10%
7/10/2020PPI Final Demand YoY-0.20%-0.80%-0.80%
7/10/2020PPI Ex Food and Energy YoY0.40%0.10%0.30%
7/10/2020PPI Ex Food, Energy, Trade YoY-0.20%-0.10%-0.40%
7/10/2020Bloomberg July United States Economic Survey


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