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What to Watch: Heavy Round of Data Includes GDP


Tsys mildly weaker, off recent lows, 30YY currently 3.6323% (+.0386), yield curves adding to Wed bounce: 2s10s +2.172 at -66.787, modest volumes (TYH3 <200k) w/ China, Taiwan and Vietnam still out for Lunar New Year.

  • Data kicks off at 0830ET (prior, est):
    • Wkly Claims (190k, 205k), Continuing Claims (1.647M, 1.658M)
    • GDP Price Index(4.4%, 3.2%), GDP ann'd QoQ 3.2%, 2.6%)
    • Personal Consumption (2.3%, 2.8%); Core PCE QoQ (4.7%, 3.9%)
    • Retail Inv MoM (0.1%, 0.2%); Wholesale MoM (1.0%, 0.5%)
    • Durable Goods Orders (-2.1%, 2.5%); ex-trans (0.1%, -0.2%)
    • Cap Goods Orders Nondef Ex Air (0.1%, -0.2%); ship (-0.1%, -0.4%)
    • New Home Sales (640k, 611k); MoM 5.8%, -4.5%) at 1000ET
    • Kansas City Fed Manf. Activity -9, -7) 1100ET
  • Treasury auctions: $75B 4W and $60B 8W bills at 1130ET; $35B 7Y Note Sale (91282CGJ4) at 1300ET
  • Equity earnings continue: announced this morning: ADM ($1.93), AAL ($1.17), JBLU ($0.22), DOW ($0.85), LUV (-$0.37), VLO ($8.15), TROW ($1.16), NOC ($13.46), ROK ($2.46), SHW ($1.89). Still expected before the open: MA, NUE, CMCSA, BX.
    • After the close: WY, INTC, OLN, V
    • Fri: AXP, CVX, and CL

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