October 24, 2023 Headlines

Treasuries went on a bit of wild ride yesterday. After breaching 5% for the first time since 2007, the 10-year rallied back to 4.85% on the back of rising recession fears as well as geopolitical tensions. The calendar is light today, but we’ll see new home sales data tomorrow and GDP on Thursday.

Hafizan Hamzah
Senior Director, Investment Management Group

Date	Event	Surv(M)	Actual	Prior	Revised
10/24/23	Philadelphia Fed Non-Manufacturing Activity	—	-20.3	-16.6	—
10/24/23	S&P Global US Manufacturing PMI	49.5	—	49.8	—
10/24/23	S&P Global US Services PMI	49.9	—	50.1	—
10/24/23	S&P Global US Composite PMI	50	—	50.2	—
10/24/23	Richmond Fed Manufact. Index	3	—	5	—
10/24/23	Richmond Fed Business Conditions	—	—	-5	—
10/25/23	MBA Mortgage Applications	—	—	-6.90%	—
10/25/23	New Home Sales	680k	—	675k	—
10/25/23	New Home Sales MoM	0.70%	—	-8.70%	—
10/26/23	Wholesale Inventories MoM	0.10%	—	-0.10%	—
10/26/23	Advance Goods Trade Balance	-$86.0b	—	-$84.3b	-$84.6b
10/26/23	GDP Annualized QoQ	4.50%	—	2.10%	—
10/26/23	Personal Consumption	4.00%	—	0.80%	—
10/26/23	Retail Inventories MoM	0.20%	—	1.10%	—
10/26/23	GDP Price Index	2.70%	—	1.70%	—
10/26/23	Durable Goods Orders	1.80%	—	0.10%	—
10/26/23	Core PCE Price Index QoQ	2.50%	—	3.70%	—
10/26/23	Durables Ex Transportation	0.20%	—	0.40%	—
10/26/23	Cap Goods Orders Nondef Ex Air	0.00%	—	0.90%	—
10/26/23	Cap Goods Ship Nondef Ex Air	0.20%	—	0.70%	—
10/26/23	Initial Jobless Claims	207k	—	198k	—
10/26/23	Continuing Claims	1740k	—	1734k	—
10/26/23	Pending Home Sales MoM	-2.10%	—	-7.10%	—
10/26/23	Pending Home Sales NSA YoY	-14.60%	—	-18.80%	—
10/26/23	Kansas City Fed Manf. Activity	—	—	-8	—
10/27/23	Personal Income	0.40%	—	0.40%	—
10/27/23	Personal Spending	0.50%	—	0.40%	—
10/27/23	Real Personal Spending	0.20%	—	0.10%	—
10/27/23	PCE Deflator MoM	0.30%	—	0.40%	—
10/27/23	PCE Deflator YoY	3.40%	—	3.50%	—
10/27/23	PCE Core Deflator MoM	0.30%	—	0.10%	—
10/27/23	PCE Core Deflator YoY	3.70%	—	3.90%	—
10/27/23	U. of Mich. Sentiment	63	—	63	—
10/27/23	U. of Mich. Current Conditions	—	—	66.7	—
10/27/23	U. of Mich. Expectations	—	—	60.7	—
10/27/23	U. of Mich. 1 Yr Inflation	3.80%	—	3.80%	—
10/27/23	U. of Mich. 5-10 Yr Inflation	3.00%	—	3.00%	—
10/27/23	Kansas City Fed Services Activity	—	—	2	—

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