Yields are up slightly, led by the front-end which is around 2 bps higher.
Yesterday’s new home sales number came in lower than expected at an annualized pace of 662,000, essentially flat vs January’s number. Today’s durable goods orders release came in higher than expected, +1.4% vs +1.0 forecasted, the first positive number in three months. Core capital goods shipments, which is included in the GDP calculation, fell by 0.4%. The first estimate of Q1 GDP is due in late April.
Hafizan Hamzah
Senior Director, Investment Management Group
| Date | Event | Surv(M) | Actual | Prior | Revised |
| 03/26/24 | Philadelphia Fed Non-Manufacturing Activity | — | -18.3 | -8.8 | — |
| 03/26/24 | Durable Goods Orders | 1.00% | 1.40% | -6.20% | -6.90% |
| 03/26/24 | Durables Ex Transportation | 0.40% | 0.50% | -0.40% | -0.30% |
| 03/26/24 | Cap Goods Orders Nondef Ex Air | 0.10% | 0.70% | 0.00% | -0.40% |
| 03/26/24 | Cap Goods Ship Nondef Ex Air | 0.10% | -0.40% | 0.90% | 0.80% |
| 03/26/24 | FHFA House Price Index MoM | 0.30% | -0.10% | 0.10% | — |
| 03/26/24 | S&P CoreLogic CS 20-City MoM SA | 0.20% | 0.14% | 0.21% | 0.26% |
| 03/26/24 | S&P CoreLogic CS US HPI YoY NSA | 6.12% | 6.03% | 5.53% | 5.57% |
| 03/26/24 | S&P CoreLogic CS 20-City YoY NSA | 6.60% | 6.59% | 6.13% | 6.15% |
| 03/26/24 | Conf. Board Consumer Confidence | 107 | — | 106.7 | — |
| 03/26/24 | Conf. Board Present Situation | — | — | 147.2 | — |
| 03/26/24 | Conf. Board Expectations | — | — | 79.8 | — |
| 03/26/24 | Richmond Fed Manufact. Index | -5 | — | -5 | — |
| 03/26/24 | Richmond Fed Business Conditions | — | — | -7 | — |
| 03/26/24 | Dallas Fed Services Activity | — | — | -3.9 | — |
| 03/27/24 | MBA Mortgage Applications | — | — | -1.60% | — |
| 03/27/24 | Revisions: Wholesale sales, inventories | ||||
| 03/28/24 | GDP Annualized QoQ | 3.20% | — | 3.20% | — |
| 03/28/24 | Personal Consumption | 3.00% | — | 3.00% | — |
| 03/28/24 | GDP Price Index | 1.60% | — | 1.60% | — |
| 03/28/24 | Core PCE Price Index QoQ | 2.10% | — | 2.10% | — |
| 03/28/24 | Initial Jobless Claims | 212k | — | 210k | — |
| 03/28/24 | Continuing Claims | 1815k | — | 1807k | — |
| 03/28/24 | MNI Chicago PMI | 46 | — | 44 | — |
| 03/28/24 | Pending Home Sales MoM | 1.50% | — | -4.90% | — |
| 03/28/24 | Pending Home Sales NSA YoY | — | — | -6.80% | — |
| 03/28/24 | U. of Mich. Sentiment | 76.5 | — | 76.5 | — |
| 03/28/24 | U. of Mich. Current Conditions | — | — | 79.4 | — |
| 03/28/24 | U. of Mich. Expectations | — | — | 74.6 | — |
| 03/28/24 | U. of Mich. 1 Yr Inflation | 3.10% | — | 3.00% | — |
| 03/28/24 | U. of Mich. 5-10 Yr Inflation | 2.90% | — | 2.90% | — |
| 03/28/24 | Kansas City Fed Manf. Activity | -5 | — | -4 | — |
| 03/29/24 | Personal Income | 0.40% | — | 1.00% | — |
| 03/29/24 | Personal Spending | 0.50% | — | 0.20% | — |
| 03/29/24 | Real Personal Spending | 0.10% | — | -0.10% | — |
| 03/29/24 | PCE Deflator MoM | 0.40% | — | 0.30% | — |
| 03/29/24 | PCE Deflator YoY | 2.50% | — | 2.40% | — |
| 03/29/24 | PCE Core Deflator MoM | 0.30% | — | 0.40% | — |
| 03/29/24 | PCE Core Deflator YoY | 2.80% | — | 2.80% | — |
| 03/29/24 | Advance Goods Trade Balance | -$90.0b | — | -$90.2b | -$90.5b |
| 03/29/24 | Retail Inventories MoM | 0.40% | — | 0.50% | 0.40% |
| 03/29/24 | Wholesale Inventories MoM | 0.20% | — | -0.30% | — |
| 03/29/24 | Kansas City Fed Services Activity | — | — | 12 | — |
