US Treasury prices are higher after the overnight session. Initially, Treasuries rallied on headlines that North Korea was considering pulling out of nuclear talks with the US, but later faded on the back of solid economic data in the European Union. In addition, the Chinese government stated it would cut value-added taxes providing new stimulus in the worlds second largest economy. Next week, the focus will be on the Wednesday FOMC meeting.

Chris Eckhoff
Associate, Investment Management Group
03/11/19Retail Sales Advance MoM0.00%0.20%-1.20%-1.60%
03/11/19Retail Sales Ex Auto MoM0.30%0.90%-1.80%-2.10%
03/11/19Retail Sales Ex Auto and Gas0.60%1.20%-1.40%-1.60%
03/11/19Retail Sales Control Group0.60%1.10%-1.70%-2.30%
03/11/19Business Inventories0.60%0.60%-0.10%0.00%
03/12/19NFIB Small Business Optimism102.5101.7101.2
03/12/19CPI MoM0.20%0.20%0.00%
03/12/19CPI Ex Food and Energy MoM0.20%0.10%0.20%
03/12/19CPI YoY1.60%1.50%1.60%
03/12/19CPI Ex Food and Energy YoY2.20%2.10%2.20%
03/12/19CPI Core Index SA261.193260.989260.701
03/12/19CPI Index NSA252.866252.776251.712
03/12/19Real Avg Weekly Earnings YoY1.60%1.90%
03/12/19Real Avg Hourly Earning YoY1.90%1.70%1.60%
03/13/19MBA Mortgage Applications2.30%-2.50%
03/13/19PPI Final Demand MoM0.20%0.10%-0.10%
03/13/19PPI Ex Food and Energy MoM0.20%0.10%0.30%
03/13/19PPI Ex Food, Energy, Trade MoM0.20%0.10%0.20%
03/13/19PPI Final Demand YoY1.90%1.90%2.00%
03/13/19PPI Ex Food and Energy YoY2.60%2.50%2.60%
03/13/19PPI Ex Food, Energy, Trade YoY2.30%2.50%
03/13/19Durable Goods Orders-0.40%0.40%1.20%1.30%
03/13/19Durables Ex Transportation0.10%-0.10%0.10%0.30%
03/13/19Cap Goods Orders Nondef Ex Air0.20%0.80%-1.00%-0.90%
03/13/19Cap Goods Ship Nondef Ex Air-0.20%0.80%0.00%0.10%
03/13/19Construction Spending MoM0.50%1.30%-0.60%-0.80%
03/14/19Import Price Index MoM0.30%0.60%-0.50%0.10%
03/14/19Import Price Index ex Petroleum MoM-0.10%0.10%-0.70%-0.60%
03/14/19Import Price Index YoY-1.50%-1.30%-1.70%-1.60%
03/14/19Export Price Index MoM0.10%0.60%-0.60%-0.50%
03/14/19Export Price Index YoY0.30%-0.20%
03/14/19Initial Jobless Claims225k229k223k
03/14/19Continuing Claims1763k1776k1755k1758k
03/14/19Bloomberg March United States Economic Survey
03/14/19Bloomberg Consumer Comfort60.862.1
03/14/19New Home Sales622k607k621k652k
03/14/19New Home Sales MoM0.20%-6.90%3.70%3.80%
03/15/19Empire Manufacturing103.78.8
03/15/19Industrial Production MoM0.40%0.10%-0.60%-0.40%
03/15/19Manufacturing (SIC) Production0.10%-0.40%-0.90%-0.50%
03/15/19Capacity Utilization78.50%78.20%78.20%78.30%
03/15/19JOLTS Job Openings72257335
03/15/19U. of Mich. Sentiment95.693.8
03/15/19U. of Mich. Current Conditions112108.5
03/15/19U. of Mich. Expectations88.184.4
03/15/19U. of Mich. 1 Yr Inflation2.60%
03/15/19U. of Mich. 5-10 Yr Inflation2.30%
03/15/19Net Long-term TIC Flows-$48.3b
03/15/19Total Net TIC Flows-$33.1b