May 19, 2021 Headlines
Treasuries are once again trading in a narrow band with the belly and long-end down 1 bp. Equity futures are in the red this morning as inflation fears shook investor confidence. The S&P 500 is leading the decline with futures down 1.23%. Later today, the Fed will publish the minutes from its April meeting and investors will undoubtedly combing through it in hopes of finding more clarity around the definition of “transitory” and how Fed officials view the recovery.
Hafizan Hamzah
Director, Investment Management Group
Date | Event | Surv(M) | Actual | Prior | Revised |
05/17/21 | Empire Manufacturing | 23.9 | 24.3 | 26.3 | — |
05/17/21 | NAHB Housing Market Index | 83 | 83 | 83 | — |
05/17/21 | Total Net TIC Flows | — | $146.4b | $72.6b | $73.7b |
05/17/21 | Net Long-term TIC Flows | — | $262.2b | $4.2b | $4.3b |
05/18/21 | Revisions: Housing Starts/ Building Permits | ||||
05/18/21 | Housing Starts | 1704k | 1569k | 1739k | 1733k |
05/18/21 | Housing Starts MoM | -2.00% | -9.50% | 19.40% | 19.80% |
05/18/21 | Building Permits | 1770k | 1760k | 1766k | 1755k |
05/18/21 | Building Permits MoM | 0.60% | 0.30% | 2.70% | 1.70% |
05/19/21 | MBA Mortgage Applications | — | 1.20% | 2.10% | — |
05/19/21 | FOMC Meeting Minutes | — | — | — | — |
05/20/21 | Philadelphia Fed Business Outlook | 41 | — | 50.2 | — |
05/20/21 | Initial Jobless Claims | 450k | — | 473k | — |
05/20/21 | Continuing Claims | 3630k | — | 3655k | — |
05/20/21 | Langer Consumer Comfort | — | — | 54.6 | — |
05/20/21 | Leading Index | 1.30% | — | 1.30% | — |
05/21/21 | Markit US Manufacturing PMI | 60.1 | — | 60.5 | — |
05/21/21 | Markit US Services PMI | 64.4 | — | 64.7 | — |
05/21/21 | Markit US Composite PMI | — | — | 63.5 | — |
05/21/21 | Existing Home Sales | 6.08m | — | 6.01m | — |
05/21/21 | Existing Home Sales MoM | 1.10% | — | -3.70% | — |
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