The Treasury curve is a touch higher and flatter this morning as the Friday’s risk on trade carried on through the weekend. Equities rallied despite an increase in trade tensions between China and the US, as the Chinese threatened to walk away from the commitments it had made if President Trump decides to go ahead with imposing tariffs.
The G-7 meet later this week and the market will be looking to see if President Trump reverses his decision regarding tariffs on Canada and the EU which would hopefully stave off a global trade war.
Hafizan Hamzah
Director, Investment Management Group
| Date | Event | Surv(M) | Actual | Prior |
| 06/04 | Factory Orders | -0.50% | — | 1.60% |
| 06/04 | Factory Orders Ex Trans | — | — | 0.30% |
| 06/04 | Durable Goods Orders | — | — | -1.70% |
| 06/04 | Durables Ex Transportation | — | — | 0.90% |
| 06/04 | Cap Goods Orders Nondef Ex Air | — | — | 1.00% |
| 06/04 | Cap Goods Ship Nondef Ex Air | — | — | 0.80% |
| 06/05 | Markit US Services PMI | 55.7 | — | 55.7 |
| 06/05 | Markit US Composite PMI | — | — | 55.7 |
| 06/05 | JOLTS Job Openings | 6350 | — | 6550 |
| 06/05 | ISM Non-Manf. Composite | 57.6 | — | 56.8 |
| 06/06 | MBA Mortgage Applications | — | — | -2.90% |
| 06/06 | Revisions: Trade Balance | |||
| 06/06 | Nonfarm Productivity | 0.60% | — | 0.70% |
| 06/06 | Unit Labor Costs | 2.80% | — | 2.70% |
| 06/06 | Trade Balance | -$49.0b | — | -$49.0b |
| 06/07 | Initial Jobless Claims | 222k | — | 221k |
| 06/07 | Continuing Claims | 1740k | — | 1726k |
| 06/07 | Bloomberg June United States Economic Survey | |||
| 06/07 | Bloomberg Consumer Comfort | — | — | 55.2 |
| 06/07 | Household Change in Net Worth | — | — | $2076b |
| 06/07 | Consumer Credit | $14.000b | — | $11.622b |
| 06/08 | Wholesale Trade Sales MoM | — | — | 0.30% |
| 06/08 | Wholesale Inventories MoM | 0.00% | — | 0.00% |