The Treasury curve is flattening modestly (long-end yields lower) this morning ahead of the September FOMC minutes release this afternoon. European markets are still focused on the Spain/Catalonia standoff, and Spain’s IBEX equity index is up 1.2% on reports that tensions have eased somewhat. The tax reform efforts remains an uphill battle for the White House and GOP leaders. The public jabs between President Trump and Senator Corker have made many headlines, but Corker is just one of several GOP Senators that have expressed concerns with the legislative proposal for various reasons.
Jason Haley
Managing Director, Investment Management Group
| Date | Event | Survey | Actual | Prior |
| 10/11/2017 | MBA Mortgage Applications | — | -2.10% | -0.40% |
| 10/11/2017 | JOLTS Job Openings | 6125 | 6082 | 6170 |
| 10/11/2017 | FOMC Meeting Minutes | — | — | — |
| 10/12/2017 | PPI Final Demand MoM | 0.40% | — | 0.20% |
| 10/12/2017 | PPI Ex Food and Energy MoM | 0.20% | — | 0.10% |
| 10/12/2017 | PPI Ex Food, Energy, Trade MoM | 0.20% | — | 0.20% |
| 10/12/2017 | PPI Final Demand YoY | 2.60% | — | 2.40% |
| 10/12/2017 | PPI Ex Food and Energy YoY | 2.00% | — | 2.00% |
| 10/12/2017 | PPI Ex Food, Energy, Trade YoY | — | — | 1.90% |
| 10/12/2017 | Initial Jobless Claims | 250k | — | 260k |
| 10/12/2017 | Continuing Claims | 1930k | — | 1938k |
| 10/12/2017 | Bloomberg Consumer Comfort | — | — | 49.9 |
| 10/12/2017 | Monthly Budget Statement | $6.0b | — | $33.4b |
| 10/13/2017 | CPI MoM | 0.60% | — | 0.40% |
| 10/13/2017 | CPI Ex Food and Energy MoM | 0.20% | — | 0.20% |
| 10/13/2017 | CPI YoY | 2.30% | — | 1.90% |
| 10/13/2017 | CPI Ex Food and Energy YoY | 1.80% | — | 1.70% |
| 10/13/2017 | CPI Core Index SA | 253.017 | — | 252.54 |
| 10/13/2017 | CPI Index NSA | 246.933 | — | 245.519 |
| 10/13/2017 | Real Avg Weekly Earnings YoY | — | — | 0.90% |
| 10/13/2017 | Retail Sales Advance MoM | 1.70% | — | -0.20% |
| 10/13/2017 | Real Avg Hourly Earning YoY | — | — | 0.60% |
| 10/13/2017 | Retail Sales Ex Auto MoM | 0.90% | — | 0.20% |
| 10/13/2017 | Retail Sales Ex Auto and Gas | 0.40% | — | -0.10% |
| 10/13/2017 | Retail Sales Control Group | 0.40% | — | -0.20% |
| 10/13/2017 | U. of Mich. Sentiment | 95 | — | 95.1 |
| 10/13/2017 | U. of Mich. Current Conditions | 111.6 | — | 111.7 |
| 10/13/2017 | U. of Mich. Expectations | 85.3 | — | 84.4 |
| 10/13/2017 | U. of Mich. 1 Yr Inflation | — | — | 2.70% |
| 10/13/2017 | U. of Mich. 5-10 Yr Inflation | — | — | 2.50% |
| 10/13/2017 | Business Inventories | 0.70% | — | 0.20% |
| 10/16/2017 | Empire Manufacturing | 20.4 | — | 24.4 |
| 10/17/2017 | Import Price Index MoM | 0.50% | — | 0.60% |
| 10/17/2017 | Import Price Index ex Petroleum MoM | 0.10% | — | 0.30% |
| 10/17/2017 | Import Price Index YoY | — | — | 2.10% |
| 10/17/2017 | Export Price Index MoM | 0.30% | — | 0.60% |
| 10/17/2017 | Export Price Index YoY | — | — | 2.30% |
| 10/17/2017 | Industrial Production MoM | 0.20% | — | -0.90% |
| 10/17/2017 | Capacity Utilization | 76.10% | — | 76.10% |
| 10/17/2017 | Manufacturing (SIC) Production | — | — | -0.30% |
| 10/17/2017 | NAHB Housing Market Index | 63 | — | 64 |
| 10/17/2017 | Total Net TIC Flows | — | — | -$7.3b |
| 10/17/2017 | Net Long-term TIC Flows | — | — | $1.3b |
| 10/18/2017 | MBA Mortgage Applications | — | — | -2.10% |
| 10/18/2017 | Housing Starts | 1180k | — | 1180k |
| 10/18/2017 | Housing Starts MoM | 0.00% | — | -0.80% |
| 10/18/2017 | Building Permits | 1220k | — | 1300k |
| 10/18/2017 | Building Permits MoM | -4.10% | — | 5.70% |
| 10/18/2017 | U.S. Federal Reserve Releases Beige Book |