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Author Kirby Hart

Published

Estimated

Treasury yields are higher 1-2 bps across the curve to start the morning.

Yesterday saw rates rally 3-5 bps across the curve with the continued risk-on move. The 10-year treasury now sits at 4.27%, down 16 bps from its high on 3/27. Stocks continue their run in the green with yesterday’s close putting the S&P 500 less than 1% from its 52-week high. The continued optimism of the US-Iran peace deal is helping sustain the rally, but strong earnings beats and positive AI/tech news have helped the recovery in the last 10 days. Equity futures point to a relatively flat open, with the S&P 500 indicating a +0.15% gain.

Kirby Hart
Director

DateEventSurveyActualPriorRevised
4/15/2026MBA Mortgage Applications     —1.80%-0.80%     —
4/15/2026Empire Manufacturing011-0.2     —
4/15/2026Import Price Index MoM2.30%0.80%1.30%0.90%
4/15/2026Import Price Index ex Petroleum MoM0.30%0.10%1.20%0.90%
4/15/2026Import Price Index YoY4.40%2.10%1.30%1.00%
4/15/2026Export Price Index MoM1.50%1.60%1.50%1.90%
4/15/2026Export Price Index YoY4.80%5.60%3.50%3.80%
4/15/2026NAHB Housing Market Index37     —38     —
4/15/2026Fed Releases Beige Book    
4/15/2026Total Net TIC Flows     —     —-$25.0b     —
4/15/2026Net Long-term TIC Flows     —     —$15.5b     —
4/16/2026New York Fed Services Business Activity     —     —-22.6     —
4/16/2026Initial Jobless Claims213k     —219k     —
4/16/2026Initial Claims 4-Wk Moving Avg     —     —209.50k     —
4/16/2026Philadelphia Fed Business Outlook10     —18.1     —
4/16/2026Continuing Claims1810k     —1794k     —
4/16/2026Industrial Production MoM0.10%     —0.20%     —
4/16/2026Manufacturing (SIC) Production0.10%     —0.20%     —
4/16/2026Capacity Utilization76.30%     —76.30%     —
4/21/2026ADP Weekly Employment Change     —     —39.250k     —
4/21/2026Philadelphia Fed Non-Manufacturing Activity     —     —-23.9     —
4/21/2026Retail Sales Advance MoM1.20%     —0.60%     —
4/21/2026Retail Sales Ex Auto MoM1.30%     —0.50%     —
4/21/2026Retail Sales Ex Auto and Gas0.20%     —0.40%     —
4/21/2026Retail Sales Control Group0.20%     —0.50%     —
4/21/2026Business Inventories     —     —-0.10%     —
4/21/2026Pending Home Sales MoM     —     —1.80%     —
4/21/2026Pending Home Sales NSA YoY     —     —-0.60%     —
4/22/2026MBA Mortgage Applications     —     —1.80%     —

Kirby Hart

Director, Investment Management Group

LinkedIn

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