Treasury yields are leaking higher as Brent crude oil futures once again eclipse $110 per barrel.
The White House is reportedly (and unsurprisingly) cold on Iran’s most recent proposal that would open the Strait of Hormuz but defer any nuclear negotiations to an unstated date. The 5-year Treasury note yield is at 4% for the first time in nearly a month, and S&P 500 futures are down 0.75%. The Bank of Japan left its policy rate unchanged in a 6-3 vote, but the committee adjusted its inflation outlook higher. Later this morning, the February home price data will be released.
Jason Haley
President & Chief Investment Officer
| Date | Event | Survey | Actual | Prior | Revised |
| 4/28/2026 | ADP Weekly Employment Change | — | 39.250k | 54.750k | 40.250k |
| 4/28/2026 | FHFA House Price Index MoM | 0.10% | — | 0.10% | — |
| 4/28/2026 | S&P Cotality CS 20-City MoM SA | 0.15% | — | 0.16% | — |
| 4/28/2026 | S&P Cotality CS 20-City YoY NSA | 1.12% | — | 1.18% | — |
| 4/28/2026 | S&P Cotality CS US HPI YoY NSA | 0.90% | — | 0.91% | — |
| 4/28/2026 | Richmond Fed Manufact. Index | 1 | — | 0 | — |
| 4/28/2026 | Richmond Fed Business Conditions | 0 | — | 2 | — |
| 4/28/2026 | Conf. Board Consumer Confidence | 89 | — | 91.8 | — |
| 4/28/2026 | Conf. Board Present Situation | 120.1 | — | 123.3 | — |
| 4/28/2026 | Conf. Board Expectations | 69.2 | — | 70.9 | — |
| 4/28/2026 | Dallas Fed Services Activity | -12 | — | -13.3 | — |
| 4/29/2026 | MBA Mortgage Applications | — | — | 7.90% | — |
| 4/29/2026 | Retail Inventories MoM | 0.10% | — | 0.20% | — |
| 4/29/2026 | Building Permits | 1390k | — | — | — |
| 4/29/2026 | Census Releases February and March Housing Starts Data | ||||
| 4/29/2026 | Advance Goods Trade Balance | -$87.8b | — | -$83.5b | — |
| 4/29/2026 | Advance Goods Imports MoM SA | -1.00% | — | 5.10% | — |
| 4/29/2026 | Advance Goods Exports MoM SA | -1.60% | — | 5.90% | — |
| 4/29/2026 | Wholesale Inventories MoM | 0.40% | — | 0.80% | — |
| 4/29/2026 | Housing Starts | 1388k | — | — | — |
| 4/29/2026 | Durable Goods Orders | 0.50% | — | -1.30% | — |
| 4/29/2026 | Durables Ex Transportation | 0.40% | — | 0.90% | — |
| 4/29/2026 | Housing Starts MoM | -0.50% | — | — | — |
| 4/29/2026 | Cap Goods Orders Nondef Ex Air | 0.50% | — | 0.70% | — |
| 4/29/2026 | Building Permits MoM | -0.60% | — | — | — |
| 4/29/2026 | Cap Goods Ship Nondef Ex Air | 0.60% | — | 1.00% | — |
| 4/29/2026 | FOMC Rate Decision (Upper Bound) | 3.75% | — | 3.75% | — |
| 4/29/2026 | FOMC Rate Decision (Lower Bound) | 3.50% | — | 3.50% | — |
| 4/29/2026 | Fed Interest on Reserve Balances Rate | 3.65% | — | 3.65% | — |
| 4/29/2026 | Fed Reverse Repo Rate | 3.50% | — | 3.50% | — |
| 4/30/2026 | Personal Income | 0.30% | — | -0.10% | — |
| 4/30/2026 | Personal Spending | 0.90% | — | 0.50% | — |
| 4/30/2026 | PCE Price Index MoM | 0.70% | — | 0.40% | — |
| 4/30/2026 | Real Personal Spending | 0.30% | — | 0.10% | — |
| 4/30/2026 | PCE Price Index YoY | 3.50% | — | 2.80% | — |
| 4/30/2026 | Core PCE Price Index MoM | 0.30% | — | 0.40% | — |
| 4/30/2026 | Core PCE Price Index YoY | 3.20% | — | 3.00% | — |
| 4/30/2026 | Initial Jobless Claims | 213k | — | 214k | — |
| 4/30/2026 | Initial Claims 4-Wk Moving Avg | — | — | 210.75k | — |
| 4/30/2026 | Continuing Claims | 1815k | — | 1821k | — |
| 4/30/2026 | Employment Cost Index | 0.80% | — | 0.70% | — |
| 4/30/2026 | GDP Annualized QoQ | 2.20% | — | 0.50% | — |
| 4/30/2026 | Personal Consumption | 1.40% | — | 1.90% | — |
| 4/30/2026 | GDP Price Index | 3.80% | — | 3.70% | — |
| 4/30/2026 | Core PCE Price Index QoQ | 4.10% | — | 2.70% | — |
| 4/30/2026 | MNI Chicago PMI | 55.2 | — | 52.8 | — |
| 4/30/2026 | Leading Index | -0.20% | — | — | — |
| 4/30/2026 | Conference Board Releases February and March LEI Data | ||||
| 5/1/2026 | S&P Global US Manufacturing PMI | 54 | — | 54 | — |
| 5/1/2026 | ISM Manufacturing | 53.1 | — | 52.7 | — |
| 5/1/2026 | ISM Prices Paid | 80 | — | 78.3 | — |
| 5/1/2026 | ISM New Orders | 54.5 | — | 53.5 | — |
| 5/1/2026 | ISM Employment | 49 | — | 48.7 | — |
| 5/01/2026 | Wards Total Vehicle Sales | 16.00m | — | 16.34m | — |
| 5/4/2026 | Factory Orders | -0.10% | — | 0.00% | — |
| 5/4/2026 | Factory Orders Ex Trans | — | — | 1.20% | — |
| 5/4/2026 | Durable Goods Orders | — | — | — | — |
| 5/4/2026 | Durables Ex Transportation | — | — | — | — |
| 5/4/2026 | Cap Goods Orders Nondef Ex Air | — | — | — | — |
| 5/4/2026 | Cap Goods Ship Nondef Ex Air | — | — | — | — |
| 5/5/2026 | Trade Balance | -$59.7b | — | -$57.3b | — |
| 5/5/2026 | Imports MoM | — | — | 4.30% | — |
| 5/5/2026 | Exports MoM | — | — | 4.20% | — |
| 5/5/2026 | S&P Global US Services PMI | — | — | 51.3 | — |
| 5/5/2026 | S&P Global US Composite PMI | — | — | 52 | — |
| 5/5/2026 | Census Releases February and March New Home Sales | ||||
| 5/5/2026 | ISM Services Index | 53.9 | — | 54 | — |
| 5/5/2026 | ISM Services Prices Paid | 73 | — | 70.7 | — |
| 5/5/2026 | New Home Sales | 668k | — | — | — |
| 5/5/2026 | ISM Services New Orders | 58 | — | 60.6 | — |
| 5/5/2026 | New Home Sales MoM | — | — | ###### | — |
| 5/5/2026 | ISM Services Employment | 50 | — | 45.2 | — |
| 5/5/2026 | JOLTS Job Openings | 6700k | — | 6882k | — |
| 5/5/2026 | JOLTS Job Openings Rate | — | — | 4.20% | — |
| 5/5/2026 | JOLTS Quits Level | — | — | 2974k | — |
| 5/5/2026 | JOLTS Quits Rate | — | — | 1.90% | — |
| 5/5/2026 | JOLTS Layoffs Level | — | — | 1721k | — |
| 5/5/2026 | JOLTS Layoffs Rate | — | — | 1.10% | — |
| 5/05/2026 | Building Permits | — | — | — | — |
| 5/05/2026 | Building Permits MoM | — | — | — | — |
