US Treasuries are stronger this morning as manufacturing and service data from Europe’s core economies missed estimates. In Germany, the PMI reading fell to 49.1 which represents an 83- month low and signals a contraction in the manufacturing sector. A PMI number above 50 represents an expansion and a reading below, a contraction; with the further away from 50 showing the level of change. While the European Central Bank started a new stimulus package for the zone earlier this month, the German government has so far avoided calls to add its own fiscal support. Last week, the New York Fed conducted repo operations in order to ensure stability in the overnight funding markets. While officials debate the need to expand the Federal Reserve’s balance sheet, it was announced that repo operations will now extend to October 10th.
Chris Eckhoff
Associate, Investment Management Group
Date | Event | Survey | Actual | Prior | Revised |
9/23/2019 | Chicago Fed Nat Activity Index | -0.03 | 0.1 | -0.36 | -0.41 |
9/23/2019 | Markit US Manufacturing PMI | 50.4 | 51 | 50.3 | — |
9/23/2019 | Markit US Services PMI | 51.4 | 50.9 | 50.7 | — |
9/23/2019 | Markit US Composite PMI | — | 51 | 50.7 | — |
9/24/2019 | FHFA House Price Index MoM | 0.30% | — | 0.20% | — |
9/24/2019 | S&P CoreLogic CS 20-City MoM SA | 0.10% | — | 0.04% | — |
9/24/2019 | S&P CoreLogic CS 20-City YoY NSA | 2.10% | — | 2.13% | — |
9/24/2019 | S&P CoreLogic CS 20-City NSA Index | — | — | 217.65 | — |
9/24/2019 | S&P CoreLogic CS US HPI YoY NSA | 2.90% | — | 3.13% | — |
9/24/2019 | S&P CoreLogic CS US HPI NSA Index | — | — | 210.71 | — |
9/24/2019 | Richmond Fed Manufact. Index | 1 | — | 1 | — |
9/24/2019 | Conf. Board Consumer Confidence | 133 | — | 135.1 | — |
9/24/2019 | Conf. Board Present Situation | — | — | 177.2 | — |
9/24/2019 | Conf. Board Expectations | — | — | 107 | — |
9/25/2019 | MBA Mortgage Applications | — | — | -0.10% | — |
9/25/2019 | New Home Sales | 656k | — | 635k | — |
9/25/2019 | New Home Sales MoM | 3.20% | — | -12.80% | — |
9/26/2019 | GDP Annualized QoQ | 2.00% | — | 2.00% | — |
9/26/2019 | Personal Consumption | 4.70% | — | 4.70% | — |
9/26/2019 | GDP Price Index | 2.40% | — | 2.40% | — |
9/26/2019 | Core PCE QoQ | 1.70% | — | 1.70% | — |
9/26/2019 | Advance Goods Trade Balance | -$73.5b | — | -$72.3b | — |
9/26/2019 | Retail Inventories MoM | 0.10% | — | 0.80% | 0.80% |
9/26/2019 | Wholesale Inventories MoM | 0.10% | — | 0.20% | — |
9/26/2019 | Initial Jobless Claims | 211k | — | 208k | — |
9/26/2019 | Continuing Claims | 1666k | — | 1661k | — |
9/26/2019 | Bloomberg Consumer Comfort | — | — | 62.7 | — |
9/26/2019 | Pending Home Sales MoM | 1.00% | — | -2.50% | — |
9/26/2019 | Pending Home Sales NSA YoY | 1.40% | — | 1.70% | — |
9/26/2019 | Kansas City Fed Manf. Activity | -4 | — | -6 | — |
9/27/2019 | Personal Income | 0.40% | — | 0.10% | — |
9/27/2019 | Durable Goods Orders | -1.10% | — | 2.00% | — |
9/27/2019 | Personal Spending | 0.30% | — | 0.60% | — |
9/27/2019 | Durables Ex Transportation | 0.20% | — | -0.40% | — |
9/27/2019 | Real Personal Spending | 0.20% | — | 0.40% | — |
9/27/2019 | Cap Goods Orders Nondef Ex Air | 0.00% | — | 0.20% | — |
9/27/2019 | PCE Deflator MoM | 0.10% | — | 0.20% | — |
9/27/2019 | Cap Goods Ship Nondef Ex Air | 0.30% | — | -0.60% | — |
9/27/2019 | PCE Deflator YoY | 1.40% | — | 1.40% | — |
9/27/2019 | PCE Core Deflator MoM | 0.20% | — | 0.20% | — |
9/27/2019 | PCE Core Deflator YoY | 1.80% | — | 1.60% | — |
9/27/2019 | U. of Mich. Sentiment | 92 | — | 92 | — |
9/27/2019 | U. of Mich. Current Conditions | — | — | 106.9 | — |
9/27/2019 | U. of Mich. Expectations | — | — | 82.4 | — |
9/27/2019 | U. of Mich. 1 Yr Inflation | — | — | 2.80% | — |
9/27/2019 | U. of Mich. 5-10 Yr Inflation | — | — | 2.30% | — |
9/30/2019 | MNI Chicago PMI | 50 | — | 50.4 | — |
9/30/2019 | Dallas Fed Manf. Activity | 1.5 | — | 2.7 | — |
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