Yields are 1 to 2 bps lower this morning following yesterday’s mild selloff while equity futures are mixed.
Durable goods (items expected to last at least three years) orders fell more in January than expected, declining by 6.1% vs the median forecast of -5.0%. Core capital goods orders, which excludes aircraft and military equipment, rose by 0.1%; right in line with expectations.
Hafizan Hamzah
Senior Director, Investment Management Group
| Date | Event | Surv(M) | Actual | Prior | Revised |
| 02/27/24 | Durable Goods Orders | -5.00% | -6.10% | 0.00% | -0.30% |
| 02/27/24 | Durables Ex Transportation | 0.20% | -0.30% | 0.50% | -0.10% |
| 02/27/24 | Cap Goods Orders Nondef Ex Air | 0.10% | 0.10% | 0.20% | -0.60% |
| 02/27/24 | Cap Goods Ship Nondef Ex Air | 0.10% | 0.80% | 0.00% | 0.10% |
| 02/27/24 | House Price Purchase Index QoQ | — | — | 2.10% | — |
| 02/27/24 | FHFA House Price Index MoM | 0.30% | — | 0.30% | — |
| 02/27/24 | S&P CoreLogic CS 20-City MoM SA | 0.20% | — | 0.15% | — |
| 02/27/24 | S&P CoreLogic CS 20-City YoY NSA | 6.05% | — | 5.40% | — |
| 02/27/24 | S&P CoreLogic CS US HPI YoY NSA | — | — | 5.14% | — |
| 02/27/24 | Conf. Board Consumer Confidence | 115 | — | 114.8 | — |
| 02/27/24 | Conf. Board Present Situation | — | — | 161.3 | — |
| 02/27/24 | Conf. Board Expectations | — | — | 83.8 | — |
| 02/27/24 | Richmond Fed Manufact. Index | -9 | — | -15 | — |
| 02/27/24 | Richmond Fed Business Conditions | — | — | -3 | — |
| 02/27/24 | Dallas Fed Services Activity | — | — | -9.3 | — |
| 02/28/24 | MBA Mortgage Applications | — | — | -10.60% | — |
| 02/28/24 | GDP Annualized QoQ | 3.30% | — | 3.30% | — |
| 02/28/24 | Personal Consumption | 2.70% | — | 2.80% | — |
| 02/28/24 | GDP Price Index | 1.50% | — | 1.50% | — |
| 02/28/24 | Core PCE Price Index QoQ | 2.00% | — | 2.00% | — |
| 02/28/24 | Advance Goods Trade Balance | -$88.5b | — | -$88.5b | -$87.9b |
| 02/28/24 | Retail Inventories MoM | 0.40% | — | 0.80% | — |
| 02/28/24 | Wholesale Inventories MoM | 0.20% | — | 0.40% | — |
| 02/29/24 | Personal Income | 0.40% | — | 0.30% | — |
| 02/29/24 | Personal Spending | 0.20% | — | 0.70% | — |
| 02/29/24 | Real Personal Spending | -0.10% | — | 0.50% | — |
| 02/29/24 | PCE Deflator MoM | 0.30% | — | 0.20% | — |
| 02/29/24 | PCE Deflator YoY | 2.40% | — | 2.60% | — |
| 02/29/24 | PCE Core Deflator MoM | 0.40% | — | 0.20% | — |
| 02/29/24 | PCE Core Deflator YoY | 2.80% | — | 2.90% | — |
| 02/29/24 | Initial Jobless Claims | 210k | — | 201k | — |
| 02/29/24 | Continuing Claims | 1874k | — | 1862k | — |
| 02/29/24 | MNI Chicago PMI | 48 | — | 46 | — |
| 02/29/24 | Pending Home Sales MoM | 1.50% | — | 8.30% | — |
| 02/29/24 | Pending Home Sales NSA YoY | -4.40% | — | -1.00% | — |
| 02/29/24 | Kansas City Fed Manf. Activity | -2 | — | -9 | — |
| 03/01/24 | S&P Global US Manufacturing PMI | 51.5 | — | 51.5 | — |
| 03/01/24 | Construction Spending MoM | 0.20% | — | 0.90% | — |
| 03/01/24 | U. of Mich. Sentiment | 79.6 | — | 79.6 | — |
| 03/01/24 | U. of Mich. Current Conditions | — | — | 81.5 | — |
| 03/01/24 | U. of Mich. Expectations | — | — | 78.4 | — |
| 03/01/24 | U. of Mich. 1 Yr Inflation | 3.00% | — | 3.00% | — |
| 03/01/24 | U. of Mich. 5-10 Yr Inflation | 2.90% | — | 2.90% | — |
| 03/01/24 | ISM Prices Paid | 53.2 | — | 52.9 | — |
| 03/01/24 | ISM Manufacturing | 49.5 | — | 49.1 | — |
| 03/01/24 | ISM New Orders | — | — | 52.5 | — |
| 03/01/24 | ISM Employment | — | — | 47.1 | — |
| 03/01/24 | Kansas City Fed Services Activity | — | — | -2 | — |
| 03/01/24 | Wards Total Vehicle Sales | 15.40m | — | 15.00m | — |
