Treasuries have opened this morning right where they ended the day yesterday following the selloff. US equity futures are pointing to a slightly lower open following a positive session in Asian equity markets as investors are trying to discern if China and the US can reach an agreement on trade.

Mortgage applications saw an uptick last week, as the number of new applications rose by 1.6%, the first increase since August 17th. Purchase applications were down from last week only increasing by 0.3% vs 0.9%. Refis were the big drive of the increase in applications, as the number of refinancing applications rose by 3.7% vs a decline of 5.9% in the week prior. Housing starts came in higher than expected with actual starts coming in at 1,282k vs 1,238k; representing a 9.7% increase month over month compared to last months 0.9% increase.

Hafizan Hamzah
Director, Investment Management Group


Date TimeEventSurveyActualPriorRevised
09/17/2018 08:30Empire Manufacturing231925.6
09/18/2018 10:00NAHB Housing Market Index666767
09/18/2018 16:00Total Net TIC Flows$46.0b$52.2b$114.5b$189.7b
09/18/2018 16:00Net Long-term TIC Flows$74.8b-$36.5b
09/19/2018 07:00MBA Mortgage Applications1.60%-1.80%
09/19/2018 08:30Current Account Balance-$103.4b-$101.5b-$124.1b-$121.7b
09/19/2018 08:30Housing Starts1238k1282k1168k1174k
09/19/2018 08:30Housing Starts MoM5.70%9.20%0.90%-0.30%
09/19/2018 08:30Building Permits1310k1229k1311k1303k
09/19/2018 08:30Building Permits MoM0.50%-5.70%1.50%0.90%
09/20/2018 08:30Philadelphia Fed Business Outlook1811.9
09/20/2018 08:30Initial Jobless Claims210k204k
09/20/2018 08:30Continuing Claims1705k1696k
09/20/2018 09:45Bloomberg Economic Expectations57
09/20/2018 09:45Bloomberg Consumer Comfort59
09/20/2018 10:00Leading Index0.50%0.60%
09/20/2018 10:00Existing Home Sales5.36m5.34m
09/20/2018 10:00Existing Home Sales MoM0.40%-0.70%
09/20/2018 12:00Household Change in Net Worth$1028b
09/21/2018 09:45Markit US Manufacturing PMI5554.7
09/21/2018 09:45Markit US Services PMI5554.8
09/21/2018 09:45Markit US Composite PMI54.7