Breaking Stories

Tuesday: Trade Deficit, NY Fed Household Debt and Credit

From Matthew Graham at Mortgage News Daily: MBS Live Recap: Uneventfully Holding Near Long-Term Rate Highs
Heading into the new week, European bonds remain under pressure and US bonds weren’t eager to lead the charge back down to lower yield levels. Bonds improved somewhat in the afternoon, but Treasuries were unchanged at the close. [30 year fixed 3.87%]
emphasis addedTuesday:
• At 6:00 AM ET, NFIB Small Business Optimism Index for January.

• At 8:30 AM, Trade Balance report for December from the Census Bureau. The consensus is the trade deficit to be $83.0 billion.  The U.S. trade deficit was at $80.2 billion in November.

• At 11:00 AM, NY Fed: Q4 Quarterly Report on Household Debt and Credit

On COVID (focus on hospitalizations and deaths):

COVID Metrics  NowWeek
AgoGoal Percent fully Vaccinated64.1%—≥70.0%1 Fully Vaccinated (millions)212.9—≥2321 New Cases per Day3291,471501,301≤5,0002 Hospitalized3104,902133,784≤3,0002 Deaths per Day32,2942,340≤502 1 Minimum to achieve “herd immunity” (estimated between 70% and 85%).
2my goals to stop daily posts,
37-day average for Cases, Currently Hospitalized, and Deaths
🚩 Increasing 7-day average week-over-week for Cases, Hospitalized, and Deaths
✅ Goal met.
Click on graph for larger image.

This graph shows the daily (columns) and 7-day average (line) of positive tests reported.

New cases and hospitalizations are now declining.

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