• February 15, 2017
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December Business Inventories 0.4% vs. estimates of 0.4%, while the NAHB Home Builder’s Sentiment Index 65 vs. estimates of 67. All eyes on Janet Yellen and these will not be a large factor for today pricing.

• February 15, 2017
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Federal Reserve Chair Janet Yellen is back in the hot seat, giving her semiannual monetary policy report to Congress and taking questions from members.

• February 14, 2017
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January Producer Price Index (PPI) on a MOM basis 0.6% vs. estimates of 0.3%. PPI YOY 1.6% vs. estimates of 1.5%. Core PPI MOM 0.4% vs. estimates of 0.2%. Core PPI YOY 1.2% vs. estimates of 1.1%. The MOM readings are double the market expectations, which is generally negative for interest rate pricing.

• February 14, 2017
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Waiting too long to raise interest rates would be “unwise” as economic growth continues and inflation rises, Fed Chair Janet Yellen told Congress on Tuesday. Repeating caution that she and other central bank officials have issued in recent months, Yellen said that even though the Fed expects to hike gradually and to keep policy accommodative,

• February 10, 2017
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The cost of imported goods surged in January for the third time in four months, mostly because of rising oil prices that are nudging U.S. inflation higher. Import prices rose 0.4% last month after a revised 0.5% gain in December, the government. Over the past 12 months import prices have advanced 3.7%.

• February 10, 2017
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University of Michigan’s Consumser Sentiment Index 95.7 vs. estimates of 98.5. This is weaker than expected, but generally not a big factor in pricing of interest rates.

• February 9, 2017
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The number of Americans who applied for unemployment benefits in early February fell by 12,000 to 234,000, hitting the second lowest level of an economic recovery that began nearly eight years ago. The last time the U.S. Had such a low level of layoffs was in 1973.

• February 3, 2017
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The U.S. added 227,000 jobs in January, according to the Labor Department’s employment report. That was substantially more than the 175,000 new jobs that economists were expecting. The unemployment rate was 4.8%, a tick higher than last month’s 4.7% and a little higher than expectations. The labor force participation rate rose slightly 62.9%. The big

• February 3, 2017
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President Trump plans to order a rollback Friday of regulations governing the financial services industry and Wall Street under the Dodd-Frank law and beyond, a White House source confirmed. Gary Cohn, White House Economic Council director, told the Wall Street Journal in an interview published last night that the administration would also move against a

• February 3, 2017
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January ISM Non-Manufacturing PMI 56.5 vs. estimate of 57.0. December Factory Orders 1.3% vs. estimates of 1.0%. A slight miss in the ISM but a reading above 56 for 2/3 of our economy is very strong, a slight negative for pricing.