May 21, 2021 Headlines

It’s a fairly quiet morning with Treasury yields a smidge lower following yesterday’s bond rally and equity futures are slightly higher on the back of yesterday’s jobless claims data as well as solid earnings. The 10-year is currently sitting at 1.62% and futures on the S&P 500 and Dow Jones up 0.33% and 0.42% respectively. Later this morning we’ll get PMI data from Markit as well April’s existing home sales.

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 41.5 31.5 50.2 —
05/20/21 Initial Jobless Claims 450k 444k 473k 478k
05/20/21 Continuing Claims 3620k 3751k 3655k 3640k
05/20/21 Langer Consumer Comfort — 55.3 54.6 —
05/20/21 Leading Index 1.30% 1.60% 1.30% —
05/21/21 Markit US Manufacturing PMI 60.2 — 60.5 —
05/21/21 Markit US Services PMI 64.3 — 64.7 —
05/21/21 Markit US Composite PMI — — 63.5 —
05/21/21 Existing Home Sales 6.07m — 6.01m —
05/21/21 Existing Home Sales MoM 1.00% — -3.70% —

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