September 26, 2019 Headlines

Treasury yields are lower this morning despite positive performance from European equities and S&P 500 futures. It was a relatively quiet news cycle overnight from a market perspective (all focus on US politics), but there has still been decent foreign demand for Treasuries, particularly from Asia. Beyond the political noise, there are several Fed leaders speaking today, including Vice Chair Richard Clarida later this morning.

Jason Haley
Managing Director, Investment Management Group

DateEventSurveyActualPriorRevised
9/26/2019GDP Annualized QoQ2.00%2.00%2.00%—
9/26/2019Personal Consumption4.70%4.60%4.70%—
9/26/2019GDP Price Index2.40%2.40%2.40%—
9/26/2019Core PCE QoQ1.70%1.90%1.70%—
9/26/2019Advance Goods Trade Balance-$73.4b-$72.8b-$72.3b-$72.5b
9/26/2019Retail Inventories MoM0.10%0.00%0.80%0.70%
9/26/2019Wholesale Inventories MoM0.10%0.40%0.20%0.10%
9/26/2019Initial Jobless Claims212k213k208k210k
9/26/2019Continuing Claims1666k1650k1661k1665k
9/26/2019Bloomberg Consumer Comfort——62.7—
9/26/2019Pending Home Sales MoM1.00%—-2.50%—
9/26/2019Pending Home Sales NSA YoY1.30%—1.70%—
9/26/2019Kansas City Fed Manf. Activity-4—-6—
9/27/2019Personal Income0.40%—0.10%—
9/27/2019Durable Goods Orders-1.10%—2.00%—
9/27/2019Personal Spending0.30%—0.60%—
9/27/2019Durables Ex Transportation0.20%—-0.40%—
9/27/2019Real Personal Spending0.20%—0.40%—
9/27/2019Cap Goods Orders Nondef Ex Air0.00%—0.20%—
9/27/2019PCE Deflator MoM0.10%—0.20%—
9/27/2019Cap Goods Ship Nondef Ex Air0.30%—-0.60%—
9/27/2019PCE Deflator YoY1.40%—1.40%—
9/27/2019PCE Core Deflator MoM0.20%—0.20%—
9/27/2019PCE Core Deflator YoY1.80%—1.60%—
9/27/2019U. of Mich. Sentiment92.1—92—
9/27/2019U. of Mich. Current Conditions——106.9—
9/27/2019U. of Mich. Expectations——82.4—
9/27/2019U. of Mich. 1 Yr Inflation——2.80%—
9/27/2019U. of Mich. 5-10 Yr Inflation——2.30%—

 

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