Treasuries prices are drifting lower on better overseas economic data and what is otherwise a quiet morning in the global markets. The final Eurozone PMI services data for February was revised higher today, and Japan released decent services sector data as well. On the trade front, Secretary of State Mike Pompeo said President Trump was willing to walk away from negotiations with China unless he secures a “perfect deal.” The White House appears to be also shifting focus to other countries, announcing yesterday that the U.S. plans to end preferential trade treatment for India, and the U.S. will also resume trade negotiations with the European Union this week. Three Fed leaders will be speaking today, beginning with Eric Rosengren (Boston Fed) early this morning.
Jason HaleyManaging Director, Investment Management Group
| Date Time | Event | Survey | Actual | Prior | Revised |
| 3/4/2019 | Conference Board Revises January LEI Report | ||||
| 3/4/2019 | Construction Spending MoM | 0.10% | -0.60% | 0.80% | — |
| 3/5/2019 | Markit US Services PMI | 56.2 | — | 56.2 | — |
| 3/5/2019 | Markit US Composite PMI | — | — | 55.8 | — |
| 3/5/2019 | ISM Non-Manufacturing Index | 57.4 | — | 56.7 | — |
| 3/5/2019 | New Home Sales | 600k | — | 657k | — |
| 3/5/2019 | New Home Sales MoM | -8.70% | — | 16.90% | — |
| 3/5/2019 | Monthly Budget Statement | $10.0b | — | -$13.5b | — |
| 3/6/2019 | MBA Mortgage Applications | — | — | 5.30% | — |
| 3/6/2019 | ADP Employment Change | 190k | — | 213k | — |
| 3/6/2019 | Trade Balance | -$57.9b | — | -$49.3b | — |
| 3/6/2019 | U.S. Federal Reserve Releases Beige Book | ||||
| 3/7/2019 | Challenger Job Cuts YoY | — | — | 18.70% | — |
| 3/7/2019 | Initial Jobless Claims | 225k | — | 225k | — |
| 3/7/2019 | Continuing Claims | 1774k | — | 1805k | — |
| 3/7/2019 | Nonfarm Productivity | 1.50% | — | 2.30% | 2.20% |
| 3/7/2019 | Unit Labor Costs | 1.70% | — | 0.90% | — |
| 3/7/2019 | Bloomberg Consumer Comfort | — | — | 61 | — |
| 3/7/2019 | Household Change in Net Worth | — | — | $2070b | — |
| 3/7/2019 | Consumer Credit | $17.000b | — | $16.554b | — |
| 3/8/2019 | Housing Starts | 1200k | — | 1078k | — |
| 3/8/2019 | Housing Starts MoM | 11.30% | — | -11.20% | — |
| 3/8/2019 | Building Permits | 1287k | — | 1326k | — |
| 3/8/2019 | Building Permits MoM | -2.90% | — | 0.30% | — |
| 3/8/2019 | Change in Nonfarm Payrolls | 181k | — | 304k | — |
| 3/8/2019 | Two-Month Payroll Net Revision | — | — | — | — |
| 3/8/2019 | Change in Private Payrolls | 180k | — | 296k | — |
| 3/8/2019 | Change in Manufact. Payrolls | 11k | — | 13k | — |
| 3/8/2019 | Unemployment Rate | 3.90% | — | 4.00% | — |
| 3/8/2019 | Average Hourly Earnings MoM | 0.30% | — | 0.10% | — |
| 3/8/2019 | Average Hourly Earnings YoY | 3.30% | — | 3.20% | — |
| 3/8/2019 | Average Weekly Hours All Employees | 34.5 | — | 34.5 | — |
| 3/8/2019 | Labor Force Participation Rate | 63.20% | — | 63.20% | — |
| 3/8/2019 | Underemployment Rate | — | — | 8.10% | — |