Treasuries are mixed with 2s/10s and 5s/30s flattening to 0.42% and 0.26%, respectively. 5s/30s are currently at the flattest level since 2007, and that is primarily driven by overwhelming demand for yesterday’s 30yr auction. S&P futures are up ~3 points as tame inflation data rolled in yesterday, lowering investor concerns about future rate hikes deviating from investor expectations. On top of that, easing trade tensions between the US and China helped make this the best week for equities in two months. Little significant economic data is expected to be released today.
Eric Kruglak
Senior Associate, Investment Management Group
| Date Time | Event | Survey | Actual | Prior | Revised |
| 05/07/2018 | Consumer Credit | $15.200b | $11.622b | $10.601b | $13.639b |
| 05/08/2018 | NFIB Small Business Optimism | 104.5 | 104.8 | 104.7 | — |
| 05/08/2018 | JOLTS Job Openings | 6100 | 6550 | 6052 | 6078 |
| 05/09/2018 | MBA Mortgage Applications | — | -0.40% | -2.50% | — |
| 05/09/2018 | PPI Final Demand MoM | 0.20% | 0.10% | 0.30% | — |
| 05/09/2018 | PPI Ex Food and Energy MoM | 0.20% | 0.20% | 0.30% | — |
| 05/09/2018 | PPI Ex Food, Energy, Trade MoM | 0.20% | 0.10% | 0.40% | — |
| 05/09/2018 | PPI Final Demand YoY | 2.80% | 2.60% | 3.00% | — |
| 05/09/2018 | PPI Ex Food and Energy YoY | 2.40% | 2.30% | 2.70% | — |
| 05/09/2018 | PPI Ex Food, Energy, Trade YoY | — | 2.50% | 2.90% | — |
| 05/09/2018 | Wholesale Inventories MoM | 0.50% | 0.30% | 0.50% | — |
| 05/09/2018 | Wholesale Trade Sales MoM | — | 0.30% | 1.00% | 1.10% |
| 05/10/2018 | Initial Jobless Claims | 219k | 211k | 211k | — |
| 05/10/2018 | Continuing Claims | 1800k | 1790k | 1756k | 1760k |
| 05/10/2018 | CPI MoM | 0.30% | 0.20% | -0.10% | — |
| 05/10/2018 | CPI Ex Food and Energy MoM | 0.20% | 0.10% | 0.20% | — |
| 05/10/2018 | CPI YoY | 2.50% | 2.50% | 2.40% | — |
| 05/10/2018 | CPI Ex Food and Energy YoY | 2.20% | 2.10% | 2.10% | — |
| 05/10/2018 | CPI Index NSA | 250.7 | 250.546 | 249.554 | — |
| 05/10/2018 | CPI Core Index SA | — | 256.45 | 256.2 | — |
| 05/10/2018 | Real Avg Weekly Earnings YoY | — | 0.40% | 0.90% | — |
| 05/10/2018 | Real Avg Hourly Earning YoY | — | 0.20% | 0.40% | 0.30% |
| 05/10/2018 | Bloomberg May United States Economic Survey (Table) | ||||
| 05/10/2018 | Bloomberg Consumer Comfort | — | 55.8 | 56.5 | — |
| 05/10/2018 | Monthly Budget Statement | $212.0b | $214.3b | -$208.7b | — |
| 05/11/2018 | Import Price Index MoM | 0.50% | 0.30% | 0.00% | -0.20% |
| 05/11/2018 | Import Price Index ex Petroleum MoM | 0.20% | 0.10% | 0.10% | 0.00% |
| 05/11/2018 | Import Price Index YoY | 3.90% | 3.30% | 3.60% | 3.30% |
| 05/11/2018 | Export Price Index MoM | 0.40% | 0.60% | 0.30% | — |
| 05/11/2018 | Export Price Index YoY | — | 3.80% | 3.40% | — |
| 05/11/2018 | U. of Mich. Sentiment | 98.3 | — | 98.8 | — |
| 05/11/2018 | U. of Mich. Current Conditions | — | — | 114.9 | — |
| 05/11/2018 | U. of Mich. Expectations | — | — | 88.4 | — |
| 05/11/2018 | U. of Mich. 1 Yr Inflation | — | — | 2.70% | — |
| 05/11/2018 | U. of Mich. 5-10 Yr Inflation | — | — | 2.50% | — |
| 05/14/2018 | Mortgage Delinquencies | — | — | 5.17% | — |
| 05/14/2018 | MBA Mortgage Foreclosures | — | — | 1.19% | — |
| 05/15/2018 | Empire Manufacturing | 15 | — | 15.8 | — |
| 05/15/2018 | Retail Sales Advance MoM | 0.40% | — | 0.60% | — |
| 05/15/2018 | Retail Sales Ex Auto MoM | 0.50% | — | 0.20% | — |
| 05/15/2018 | Retail Sales Ex Auto and Gas | 0.40% | — | 0.30% | — |
| 05/15/2018 | Retail Sales Control Group | 0.40% | — | 0.40% | — |
| 05/15/2018 | Business Inventories | 0.20% | — | 0.60% | — |
| 05/15/2018 | NAHB Housing Market Index | 70 | — | 69 | — |
| 05/15/2018 | Total Net TIC Flows | — | — | $44.7b | — |
| 05/15/2018 | Net Long-term TIC Flows | — | — | $49.0b | — |
| 05/16/2018 | MBA Mortgage Applications | — | — | -0.40% | — |
| 05/16/2018 | Revisions: Housing Starts | ||||
| 05/16/2018 | Housing Starts | 1325k | — | 1319k | — |
| 05/16/2018 | Housing Starts MoM | 0.30% | — | 1.90% | — |
| 05/16/2018 | Building Permits | 1350k | — | 1354k | 1379k |
| 05/16/2018 | Building Permits MoM | -2.10% | — | 2.50% | 4.40% |
| 05/16/2018 | Industrial Production MoM | 0.50% | — | 0.50% | — |
| 05/16/2018 | Manufacturing (SIC) Production | 0.60% | — | 0.10% | — |
| 05/16/2018 | Capacity Utilization | 78.40% | — | 78.00% | — |
| 05/17/2018 | Initial Jobless Claims | 218k | — | 211k | — |
| 05/17/2018 | Continuing Claims | — | — | 1790k | — |
| 05/17/2018 | Philadelphia Fed Business Outlook | 21 | — | 23.2 | — |
| 05/17/2018 | Bloomberg Economic Expectations | — | — | 52.5 | — |
| 05/17/2018 | Bloomberg Consumer Comfort | — | — | 55.8 | — |
| 05/17/2018 | Leading Index | 0.40% | — | 0.30% | — |