October 18, 2019 Headlines

US Treasuries fluctuated overnight on economic data out of China and details on the upcoming Brexit vote. Initially, Treasury prices were slightly higher as China’s GDP growth missed estimates and slowed from 6.2% in Q2 to 6% YoY in Q3. Both industrial production and retail sales improved from the previous quarter but couldn’t support the GDP growth rate which increased at the slowest rate since the early 1990s. In London, there is increasing hope that the Brexit deal vote will pass tomorrow which caused Treasuries to reverse course. Today, the final three Fed leaders are scheduled to speak as the blackout date approaches before the October meeting.

Chris Eckhoff
Associate, Investment Management Group

DateEventSurveyActualPriorRevised
10/16/2019MBA Mortgage Applications0.50%5.20%
10/16/2019Retail Sales Advance MoM0.30%-0.30%0.40%0.60%
10/16/2019Retail Sales Ex Auto MoM0.20%-0.10%0.00%0.20%
10/16/2019Retail Sales Ex Auto and Gas0.30%0.00%0.10%0.40%
10/16/2019Retail Sales Control Group0.30%0.00%0.30%
10/16/2019NAHB Housing Market Index687168
10/16/2019Business Inventories0.20%0.00%0.40%0.30%
10/16/2019U.S. Federal Reserve Releases Beige Book
10/16/2019Net Long-term TIC Flows-$41.1b$84.3b$83.8b
10/16/2019Total Net TIC Flows$70.5b$43.8b$43.3b
10/17/2019Housing Starts1320k1256k1364k1386k
10/17/2019Building Permits1350k1387k1419k1425k
10/17/2019Housing Starts MoM-3.20%-9.40%12.30%15.10%
10/17/2019Building Permits MoM-5.30%-2.70%7.70%8.20%
10/17/2019Philadelphia Fed Business Outlook7.65.612
10/17/2019Initial Jobless Claims215k214k210k
10/17/2019Continuing Claims1675k1679k1684k1689k
10/17/2019Industrial Production MoM-0.20%-0.40%0.60%0.80%
10/17/2019Manufacturing (SIC) Production-0.30%-0.50%0.50%0.60%
10/17/2019Capacity Utilization77.70%77.50%77.90%
10/17/2019Bloomberg Consumer Comfort63.562.7
10/17/2019Bloomberg Economic Expectations4949.5
10/18/2019Leading Index0.00%-0.10%0.00%-0.20%

 

 

 

 

 

 

 

 

 

 

 

 

 

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