October 25, 2019 Headlines

US Treasury prices are slightly higher this morning after trading in a tight range overnight on low volume. Business sentiment in Germany rebounded from a decade low, providing optimism following a string of weak economic data points. Europe’s largest economy is forecasted to slide into a recession in Q3 but return to growth at the end of the year. Despite the growing calls for fiscal stimulus to boost the economy, the German government remains determined to stick with its balanced budget policy.

Chris Eckhoff
Associate, Investment Management Group

10/22/2019Richmond Fed Manufact. Index-78-9
10/22/2019Existing Home Sales5.45m5.38m5.49m5.50m
10/22/2019Existing Home Sales MoM-0.70%-2.20%1.30%1.50%
10/23/2019MBA Mortgage Applications-11.90%0.50%
10/23/2019FHFA House Price Index MoM0.30%0.20%0.40%
10/24/2019Durable Goods Orders-0.70%-1.10%0.20%0.30%
10/24/2019Durables Ex Transportation-0.20%-0.30%0.50%0.30%
10/24/2019Cap Goods Orders Nondef Ex Air-0.10%-0.50%-0.40%-0.60%
10/24/2019Cap Goods Ship Nondef Ex Air-0.20%-0.70%0.30%0.00%
10/24/2019Initial Jobless Claims215k212k214k218k
10/24/2019Continuing Claims1678k1682k1679k1683k
10/24/2019Bloomberg Consumer Comfort63.463.5
10/24/2019Markit US Manufacturing PMI50.951.551.1
10/24/2019Markit US Services PMI515150.9
10/24/2019Markit US Composite PMI51.251
10/24/2019New Home Sales702k701k713k706k
10/24/2019New Home Sales MoM-1.60%-0.70%7.10%6.20%
10/24/2019Kansas City Fed Manf. Activity-3-3-2
10/25/2019U. of Mich. Sentiment9695.596
10/25/2019U. of Mich. Current Conditions113.2113.4
10/25/2019U. of Mich. Expectations84.284.8
10/25/2019U. of Mich. 1 Yr Inflation2.50%2.50%
10/25/2019U. of Mich. 5-10 Yr Inflation2.30%2.20%
10/25/2019Monthly Budget Statement$83.0b$119.1b



















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