US Treasury prices are lower this morning as heavy European issuance weighed on yields and investors assessed the results of last night’s Brexit plan. Prime Minister May’s Brexit deal was rejected for the second time, although by a smaller margin. Later today, lawmakers are expected to vote on whether to leave the European Union with no agreement, or delay Brexit in hopes of more favorable terms.
In the US, the New York calendar is expected to release PPI, Durable Goods, and Construction Spending. Additionally, there will be no more Fed speakers since we have entered the blackout period before the March 20th meeting.
Chris EckhoffAssociate, Investment Management Group
| Date | Event | Surv(M) | Actual | Prior | Revised |
| 03/11/19 | Retail Sales Advance MoM | 0.00% | 0.20% | -1.20% | -1.60% |
| 03/11/19 | Retail Sales Ex Auto MoM | 0.30% | 0.90% | -1.80% | -2.10% |
| 03/11/19 | Retail Sales Ex Auto and Gas | 0.60% | 1.20% | -1.40% | -1.60% |
| 03/11/19 | Retail Sales Control Group | 0.60% | 1.10% | -1.70% | -2.30% |
| 03/11/19 | Business Inventories | 0.60% | 0.60% | -0.10% | 0.00% |
| 03/12/19 | NFIB Small Business Optimism | 102.5 | 101.7 | 101.2 | — |
| 03/12/19 | CPI MoM | 0.20% | 0.20% | 0.00% | — |
| 03/12/19 | CPI Ex Food and Energy MoM | 0.20% | 0.10% | 0.20% | — |
| 03/12/19 | CPI YoY | 1.60% | 1.50% | 1.60% | — |
| 03/12/19 | CPI Ex Food and Energy YoY | 2.20% | 2.10% | 2.20% | — |
| 03/12/19 | CPI Core Index SA | 261.193 | 260.989 | 260.701 | — |
| 03/12/19 | CPI Index NSA | 252.866 | 252.776 | 251.712 | — |
| 03/12/19 | Real Avg Weekly Earnings YoY | — | 1.60% | 1.90% | — |
| 03/12/19 | Real Avg Hourly Earning YoY | — | 1.90% | 1.70% | 1.60% |
| 03/13/19 | MBA Mortgage Applications | — | 2.30% | -2.50% | — |
| 03/13/19 | PPI Final Demand MoM | 0.20% | 0.10% | -0.10% | — |
| 03/13/19 | PPI Ex Food and Energy MoM | 0.20% | 0.10% | 0.30% | — |
| 03/13/19 | PPI Ex Food, Energy, Trade MoM | 0.20% | 0.10% | 0.20% | — |
| 03/13/19 | PPI Final Demand YoY | 1.90% | 1.90% | 2.00% | — |
| 03/13/19 | PPI Ex Food and Energy YoY | 2.60% | 2.50% | 2.60% | — |
| 03/13/19 | PPI Ex Food, Energy, Trade YoY | — | 2.30% | 2.50% | — |
| 03/13/19 | Durable Goods Orders | -0.40% | 0.40% | 1.20% | 1.30% |
| 03/13/19 | Durables Ex Transportation | 0.10% | -0.10% | 0.10% | 0.30% |
| 03/13/19 | Cap Goods Orders Nondef Ex Air | 0.20% | 0.80% | -1.00% | -0.90% |
| 03/13/19 | Cap Goods Ship Nondef Ex Air | -0.20% | 0.80% | 0.00% | 0.10% |
| 03/13/19 | Construction Spending MoM | 0.50% | — | -0.60% | — |
| 03/14/19 | Import Price Index MoM | 0.30% | — | -0.50% | — |
| 03/14/19 | Import Price Index ex Petroleum MoM | -0.10% | — | -0.70% | — |
| 03/14/19 | Import Price Index YoY | -1.50% | — | -1.70% | — |
| 03/14/19 | Export Price Index MoM | 0.10% | — | -0.60% | — |
| 03/14/19 | Export Price Index YoY | — | — | -0.20% | — |
| 03/14/19 | Initial Jobless Claims | 225k | — | 223k | — |
| 03/14/19 | Continuing Claims | 1763k | — | 1755k | — |
| 03/14/19 | Bloomberg March United States Economic Survey | ||||
| 03/14/19 | Bloomberg Consumer Comfort | — | — | 62.1 | — |
| 03/14/19 | New Home Sales MoM | 0.20% | — | 3.70% | — |
| 03/14/19 | New Home Sales | 622k | — | 621k | — |
| 03/15/19 | Empire Manufacturing | 10 | — | 8.8 | — |
| 03/15/19 | Industrial Production MoM | 0.40% | — | -0.60% | — |
| 03/15/19 | Capacity Utilization | 78.50% | — | 78.20% | — |
| 03/15/19 | Manufacturing (SIC) Production | 0.10% | — | -0.90% | — |
| 03/15/19 | JOLTS Job Openings | 7225 | — | 7335 | — |
| 03/15/19 | U. of Mich. Sentiment | 95.7 | — | 93.8 | — |
| 03/15/19 | U. of Mich. Current Conditions | 112 | — | 108.5 | — |
| 03/15/19 | U. of Mich. Expectations | 88.1 | — | 84.4 | — |
| 03/15/19 | U. of Mich. 1 Yr Inflation | — | — | 2.60% | — |
| 03/15/19 | U. of Mich. 5-10 Yr Inflation | — | — | 2.30% | — |
| 03/15/19 | Net Long-term TIC Flows | — | — | -$48.3b | — |
| 03/15/19 | Total Net TIC Flows | — | — | -$33.1b | — |