Treasuries opened this morning roughly 2 basis points lower while equity markets continue their rally as fears of a global trade war continue to fade. Details from the discussions between the US and China have been sparse and vague, and as result near term volatility is unlikely to subside. This morning will see the release of the Richmond Fed’s Manufacturing index as well as the Consumer Confidence reading for February.

Hafizan Hamzah
Director, Investment Management Group

03/26Chicago Fed Nat Activity Index0.150.880.120.02
03/26Dallas Fed Manf. Activity33.521.437.2
03/27S&P CoreLogic CS 20-City NSA Index205.1204.45204.48
03/27S&P CoreLogic CS 20-City MoM SA0.60%0.75%0.64%0.67%
03/27S&P CoreLogic CS 20-City YoY NSA6.15%6.40%6.30%6.31%
03/27S&P CoreLogic CS US HPI NSA Index196.31196.23196.22
03/27S&P CoreLogic CS US HPI YoY NSA6.18%6.27%6.28%
03/27Richmond Fed Manufact. Index2228
03/27Conf. Board Consumer Confidence131130.8
03/27Conf. Board Present Situation162.4
03/27Conf. Board Expectations109.7
03/28MBA Mortgage Applications-1.10%
03/28Advance Goods Trade Balance-$74.4b-$74.4b-$75.3b
03/28Wholesale Inventories MoM0.50%0.80%
03/28GDP Annualized QoQ2.70%2.50%
03/28Personal Consumption3.80%3.80%
03/28GDP Price Index2.30%2.30%
03/28Retail Inventories MoM0.80%0.70%
03/28Core PCE QoQ1.90%1.90%
03/28Pending Home Sales MoM2.00%-4.70%
03/28Pending Home Sales NSA YoY-1.70%
03/29Revisions: Initial Jobless Claims
03/29Personal Income0.40%0.40%
03/29Personal Spending0.20%0.20%
03/29Real Personal Spending0.10%-0.10%
03/29PCE Deflator MoM0.20%0.40%
03/29PCE Deflator YoY1.70%1.70%
03/29PCE Core MoM0.20%0.30%
03/29PCE Core YoY1.60%1.50%
03/29Initial Jobless Claims230k229k
03/29Continuing Claims1865k1828k
03/29Chicago Purchasing Manager6261.9
03/29Bloomberg Consumer Comfort56.8
03/29U. of Mich. Sentiment102102
03/29U. of Mich. Current Conditions122.8
03/29U. of Mich. Expectations88.6
03/29U. of Mich. 1 Yr Inflation2.90%
03/29U. of Mich. 5-10 Yr Inflation2.50%