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Author Kirby Hart

Published

Estimated

The Treasury curve is bear steepening this morning, with front-end yields 0-2 bps higher and long-end yields 2-3 bps higher.

The 10-year is hovering around 4.29% following the rally in rates yesterday after Trump announced his pick for treasury secretary. Futures on the Nasdaq and S&P are currently in positive territory as equities continue their rally with traders betting on President-elect Trump’s economic plan. The calendar for economic releases today has the Conference Board Consumer Confidence and New Home Sales released at 10 am EST. The FOMC will release their minutes from early November at 2 p.m. EST.

Kirby Hart
Associate, Investment Management Group

DateEventSurveyActualPriorRevised
11/26/2024Philadelphia Fed Non-Manufacturing Activity—-5.96—
11/26/2024FHFA House Price Index MoM0.30%—0.30%—
11/26/2024House Price Purchase Index QoQ——0.90%—
11/26/2024S&P CoreLogic CS 20-City MoM SA0.30%—0.35%—
11/26/2024S&P CoreLogic CS 20-City YoY NSA4.70%—5.20%—
11/26/2024S&P CoreLogic CS US HPI YoY NSA3.90%—4.25%—
11/26/2024New Home Sales725k—738k—
11/26/2024New Home Sales MoM-1.80%—4.10%—
11/26/2024Conf. Board Consumer Confidence111.8—108.7—
11/26/2024Conf. Board Present Situation——138—
11/26/2024Conf. Board Expectations——89.1—
11/26/2024Richmond Fed Manufact. Index-11—-14—
11/26/2024Richmond Fed Business Conditions——-4—
11/26/2024Dallas Fed Services Activity——2—
11/26/2024FOMC Meeting Minutes————
11/27/2024MBA Mortgage Applications——1.70%—
11/27/2024GDP Annualized QoQ2.80%—2.80%—
11/27/2024Personal Consumption3.70%—3.70%—
11/27/2024GDP Price Index1.80%—1.80%—
11/27/2024Core PCE Price Index QoQ2.20%—2.20%—
11/27/2024Advance Goods Trade Balance-$102.3b—-$108.2b-$108.7b
11/27/2024Wholesale Inventories MoM0.10%—-0.20%—
11/27/2024Retail Inventories MoM0.50%—0.80%—
11/27/2024Durable Goods Orders0.50%—-0.70%—
11/27/2024Durables Ex Transportation0.10%—0.50%—
11/27/2024Cap Goods Orders Nondef Ex Air0.10%—0.70%—
11/27/2024Cap Goods Ship Nondef Ex Air0.10%—-0.10%—
11/27/2024Initial Jobless Claims215k—213k—
11/27/2024Continuing Claims1893k—1908k—
11/27/2024MNI Chicago PMI45—41.6—
11/27/2024Personal Income0.30%—0.30%—
11/27/2024Personal Spending0.40%—0.50%—
11/27/2024Real Personal Spending0.20%—0.40%—
11/27/2024PCE Price Index MoM0.20%—0.20%—
11/27/2024PCE Price Index YoY2.30%—2.10%—
11/27/2024Core PCE Price Index MoM0.30%—0.30%—
11/27/2024Core PCE Price Index YoY2.80%—2.70%—
11/27/2024Pending Home Sales MoM-2.00%—7.40%—
11/27/2024Pending Home Sales NSA YoY0.10%—2.20%—
12/2/2024S&P Global US Manufacturing PMI——48.8—
12/2/2024Construction Spending MoM0.20%—0.10%—
12/2/2024ISM Manufacturing48—46.5—
12/2/2024ISM Prices Paid——54.8—
12/2/2024ISM New Orders——47.1—
12/2/2024ISM Employment——44.4—
12/3/2024JOLTS Job Openings——7443k—
12/3/2024Wards Total Vehicle Sales16.00m—16.04m—

Kirby Hart

Director, Investment Management Group

LinkedIn

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