November 12, 2019 Headlines

US Treasuries traded in a narrow range over the long holiday weekend with yields settling 1bps lower across the curve. Positive developments on the US/China trade war was the primary catalyst for the move for stocks and bonds last week. However, President Trumps comments over the weekend have tempered expectations. The President mentioned “incorrect” reports on how much the US was ready to concede and roll back tariffs on China. Market participants will be looking for more clarification later today as Trump is scheduled to discuss the country’s trade policy at the New York Economic Club.

Chris Eckhoff
Associate, Investment Management Group

11/12/2019NFIB Small Business Optimism102102.4101.8
11/13/2019MBA Mortgage Applications-0.10%
11/13/2019CPI MoM0.30%0.00%
11/13/2019CPI Ex Food and Energy MoM0.20%0.10%
11/13/2019CPI YoY1.70%1.70%
11/13/2019CPI Ex Food and Energy YoY2.40%2.40%
11/13/2019CPI Core Index SA265.074264.6
11/13/2019CPI Index NSA257.2256.76
11/13/2019Real Avg Weekly Earnings YoY0.90%1.00%
11/13/2019Real Avg Hourly Earning YoY1.20%1.30%
11/13/2019Monthly Budget Statement-$129.1b$82.8b
11/13/2019Mortgage Delinquencies4.53%
11/13/2019MBA Mortgage Foreclosures0.90%
11/14/2019PPI Final Demand MoM0.30%-0.30%
11/14/2019PPI Ex Food and Energy MoM0.20%-0.30%
11/14/2019PPI Ex Food, Energy, Trade MoM0.20%0.00%
11/14/2019PPI Final Demand YoY0.90%1.40%
11/14/2019PPI Ex Food and Energy YoY1.50%2.00%
11/14/2019PPI Ex Food, Energy, Trade YoY1.70%
11/14/2019Initial Jobless Claims215k211k
11/14/2019Continuing Claims1685k1689k
11/14/2019Bloomberg Consumer Comfort59.1
11/15/2019Empire Manufacturing64
11/15/2019Import Price Index MoM-0.20%0.20%
11/15/2019Import Price Index ex Petroleum MoM-0.10%-0.10%
11/15/2019Import Price Index YoY-2.30%-1.60%
11/15/2019Export Price Index MoM-0.10%-0.20%
11/15/2019Export Price Index YoY-1.60%
11/15/2019Retail Sales Advance MoM0.20%-0.30%
11/15/2019Retail Sales Ex Auto MoM0.40%-0.10%
11/15/2019Retail Sales Ex Auto and Gas0.30%0.00%
11/15/2019Retail Sales Control Group0.30%0.00%
11/15/2019Industrial Production MoM-0.40%-0.40%
11/15/2019Manufacturing (SIC) Production-0.70%-0.50%
11/15/2019Capacity Utilization77.00%77.50%
11/15/2019Business Inventories0.10%0.00%




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