Treasuries sold off last night by around 3 basis points in response to reports that the US and China had been working behind closed doors to hash out a trade deal before their current disagreements become a full blown trade war. Risk assets rallied, with US equities leading the way, the S&P 500 up 1.4%. The economic calendar is light today, with only the Chicago and Dallas Federal Reserve Banks reporting their national activity indices. This week is a short week as the markets are closed Friday in observance of Good Friday and this Thursday is an early close at 2 PM EDT.
Hafizan Hamzah
Director, Investment Management Group
| Date | Event | Surv(M) | Actual | Prior | Revised |
| 03/26 | Chicago Fed Nat Activity Index | 0.15 | 0.88 | 0.12 | 0.02 |
| 03/26 | Dallas Fed Manf. Activity | 33.5 | — | 37.2 | — |
| 03/27 | S&P CoreLogic CS 20-City NSA Index | — | — | 204.45 | — |
| 03/27 | S&P CoreLogic CS 20-City MoM SA | 0.60% | — | 0.64% | — |
| 03/27 | S&P CoreLogic CS 20-City YoY NSA | 6.10% | — | 6.30% | — |
| 03/27 | S&P CoreLogic CS US HPI NSA Index | — | — | 196.23 | — |
| 03/27 | S&P CoreLogic CS US HPI YoY NSA | — | — | 6.27% | — |
| 03/27 | Richmond Fed Manufact. Index | 22 | — | 28 | — |
| 03/27 | Conf. Board Consumer Confidence | 131 | — | 130.8 | — |
| 03/27 | Conf. Board Present Situation | — | — | 162.4 | — |
| 03/27 | Conf. Board Expectations | — | — | 109.7 | — |
| 03/28 | MBA Mortgage Applications | — | — | -1.10% | — |
| 03/28 | Advance Goods Trade Balance | -$74.2b | — | -$74.4b | -$75.3b |
| 03/28 | Wholesale Inventories MoM | 0.50% | — | 0.80% | — |
| 03/28 | GDP Annualized QoQ | 2.70% | — | 2.50% | — |
| 03/28 | Personal Consumption | 3.80% | — | 3.80% | — |
| 03/28 | GDP Price Index | 2.30% | — | 2.30% | — |
| 03/28 | Retail Inventories MoM | — | — | 0.80% | 0.70% |
| 03/28 | Core PCE QoQ | 1.90% | — | 1.90% | — |
| 03/28 | Pending Home Sales MoM | 2.00% | — | -4.70% | — |
| 03/28 | Pending Home Sales NSA YoY | — | — | -1.70% | — |
| 03/29 | Revisions: Initial Jobless Claims | ||||
| 03/29 | Personal Income | 0.40% | — | 0.40% | — |
| 03/29 | Personal Spending | 0.20% | — | 0.20% | — |
| 03/29 | Real Personal Spending | 0.10% | — | -0.10% | — |
| 03/29 | PCE Deflator MoM | 0.20% | — | 0.40% | — |
| 03/29 | PCE Deflator YoY | 1.70% | — | 1.70% | — |
| 03/29 | PCE Core MoM | 0.20% | — | 0.30% | — |
| 03/29 | PCE Core YoY | 1.60% | — | 1.50% | — |
| 03/29 | Initial Jobless Claims | 230k | — | 229k | — |
| 03/29 | Continuing Claims | 1865k | — | 1828k | — |
| 03/29 | Chicago Purchasing Manager | 62 | — | 61.9 | — |
| 03/29 | Bloomberg Consumer Comfort | — | — | 56.8 | — |
| 03/29 | U. of Mich. Sentiment | 102 | — | 102 | — |
| 03/29 | U. of Mich. Current Conditions | — | — | 122.8 | — |
| 03/29 | U. of Mich. Expectations | — | — | 88.6 | — |
| 03/29 | U. of Mich. 1 Yr Inflation | — | — | 2.90% | — |
| 03/29 | U. of Mich. 5-10 Yr Inflation | — | — | 2.50% | — |