Treasury yields are lower this morning following a risk-off move overnight in response to increasing tensions between China and the US as well as concerns surrounding migration in Germany and Brexit talks in the UK. In response to the Trump administration placing tariffs on $50 billion on Chinese imports, the Asian nation levied a 25% tariff on US agriculture and autos. This week’s economic calendar starts fairly light today, but picks up tomorrow with housing start data as well as a speech by ECB President Draghi.

Hafizan Hamzah
Director, Investment Management Group

Date TimeEventSurveyActualPriorRevised
06/18/2018NAHB Housing Market Index7070
06/19/2018Housing Starts1312k1287k
06/19/2018Housing Starts MoM1.90%-3.70%
06/19/2018Building Permits1350k1352k1364k
06/19/2018Building Permits MoM-1.00%-1.80%-0.90%
06/20/2018MBA Mortgage Applications-1.50%
06/20/2018Current Account Balance-$129.0b-$128.2b
06/20/2018Existing Home Sales5.52m5.46m
06/20/2018Existing Home Sales MoM1.10%-2.50%
06/21/2018Initial Jobless Claims220k218k
06/21/2018Philadelphia Fed Business Outlook2934.4
06/21/2018Continuing Claims1710k1697k
06/21/2018FHFA House Price Index MoM0.50%0.10%
06/21/2018Bloomberg Economic Expectations54.5
06/21/2018Bloomberg Consumer Comfort55.8
06/21/2018Leading Index0.40%0.40%
06/22/2018Markit US Manufacturing PMI56.156.4
06/22/2018Markit US Services PMI56.556.8
06/22/2018Markit US Composite PMI56.6
06/25/2018Chicago Fed Nat Activity Index0.34
06/25/2018New Home Sales670k662k
06/25/2018New Home Sales MoM1.20%-1.50%
06/25/2018Dallas Fed Manf. Activity2426.8