October 22, 2019 Headlines

Brexit headlines are driving a bid for Treasuries this morning, with yields 3 bps lower across the curve. British Prime Minister Boris Johnson’s deal to withdraw from the EU will be voted on later today by parliament, and if it does not pass, Johnson will reportedly push for new general elections before Christmas. On US/China trade, Commerce Secretary Wilbur Ross said it was more important to get the details right in any “phase one” deal than it was to sign it next month. September existing home sales data will be released later this morning, with market participants expecting a modest decline in activity from the prior month. 

Jason Haley
Managing Director, Investment Management Group

10/22/2019Richmond Fed Manufact. Index-7-9
10/22/2019Existing Home Sales5.45m5.49m
10/22/2019Existing Home Sales MoM-0.70%1.30%
10/23/2019MBA Mortgage Applications0.50%
10/23/2019FHFA House Price Index MoM0.30%0.40%
10/23/2019Monthly Budget Statement$83.0b$119.1b
10/24/2019Durable Goods Orders-0.70%0.20%
10/24/2019Durables Ex Transportation-0.20%0.50%
10/24/2019Cap Goods Orders Nondef Ex Air-0.10%-0.40%
10/24/2019Initial Jobless Claims215k214k
10/24/2019Cap Goods Ship Nondef Ex Air-0.20%0.30%
10/24/2019Continuing Claims1675k1679k
10/24/2019Bloomberg Consumer Comfort63.5
10/24/2019Markit US Manufacturing PMI50.951.1
10/24/2019Markit US Services PMI5150.9
10/24/2019Markit US Composite PMI51
10/24/2019New Home Sales701k713k
10/24/2019New Home Sales MoM-1.70%7.10%
10/24/2019Kansas City Fed Manf. Activity-4-2
10/25/2019U. of Mich. Sentiment9696
10/25/2019U. of Mich. Current Conditions113.4
10/25/2019U. of Mich. Expectations84.8
10/25/2019U. of Mich. 1 Yr Inflation2.50%
10/25/2019U. of Mich. 5-10 Yr Inflation2.20%
















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