November 25, 2019 Headlines

Treasury prices opened slightly lower this morning before moving back towards where they started after a relatively quite overnight session. Optimistic trade talk headlines were the catalyst for the risk-on move. Despite being a holiday week, there are several major pieces of economic data on the docket; with revisions to Q3 GDP as well as inflation data being some of the focal points. As a note, ALM First will be closing the office early on Wednesday and Friday at 2 PM CDT for the Thanksgiving holiday.

Hafizan Hamzah
Director, Investment Management Group

11/25/2019Chicago Fed Nat Activity Index-0.2-0.71-0.45
11/25/2019Dallas Fed Manf. Activity-3.8-5.1
11/26/2019Advance Goods Trade Balance-$71.0b-$70.4b-$70.5b
11/26/2019Retail Inventories MoM0.10%0.30%0.20%
11/26/2019Wholesale Inventories MoM0.10%-0.40%
11/26/2019House Price Purchase Index QoQ1.00%
11/26/2019FHFA House Price Index MoM0.30%0.20%
11/26/2019S&P CoreLogic CS 20-City MoM SA0.30%-0.16%
11/26/2019S&P CoreLogic CS 20-City YoY NSA2.01%2.03%
11/26/2019S&P CoreLogic CS 20-City NSA Index218.14
11/26/2019S&P CoreLogic CS US HPI YoY NSA3.30%3.17%
11/26/2019S&P CoreLogic CS US HPI NSA Index212.06
11/26/2019Richmond Fed Manufact. Index58
11/26/2019New Home Sales706k701k
11/26/2019New Home Sales MoM0.70%-0.70%
11/26/2019Conf. Board Consumer Confidence127125.9
11/26/2019Conf. Board Present Situation172.3
11/26/2019Conf. Board Expectations94.9
11/27/2019MBA Mortgage Applications-2.20%
11/27/2019GDP Annualized QoQ1.90%1.90%
11/27/2019Personal Consumption2.80%2.90%
11/27/2019GDP Price Index1.70%1.70%
11/27/2019Core PCE QoQ2.20%2.20%
11/27/2019Durable Goods Orders-0.90%-1.20%
11/27/2019Durables Ex Transportation0.10%-0.40%
11/27/2019Cap Goods Orders Nondef Ex Air-0.20%-0.60%
11/27/2019Cap Goods Ship Nondef Ex Air-0.10%-0.70%
11/27/2019Initial Jobless Claims221k227k
11/27/2019Continuing Claims1691k1695k
11/27/2019MNI Chicago PMI46.943.2
11/27/2019Bloomberg Consumer Comfort59.1
11/27/2019Personal Income0.30%0.30%
11/27/2019Personal Spending0.30%0.20%
11/27/2019Real Personal Spending0.00%0.20%
11/27/2019PCE Deflator MoM0.30%0.00%
11/27/2019PCE Deflator YoY1.40%1.30%
11/27/2019PCE Core Deflator MoM0.10%0.00%
11/27/2019PCE Core Deflator YoY1.70%1.70%
11/27/2019Pending Home Sales MoM0.20%1.50%
11/27/2019Pending Home Sales NSA YoY6.10%6.30%
11/27/2019U.S. Federal Reserve Releases Beige Book



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