Treasuriesare higher from yesterday at the opening of today’s session. The yield on the UST10-Year is currently at 2.859% after closing at 2.910% during the prior session.
Housing Starts during January rose to 1326k, above estimates of 1234k and rising from its previous mark of 1209k revised; while month-over-monthHousing Starts for January rose by 9.70%, above estimates of 3.50% and up from its previous -6.90% revised. Also in today, Building Permits for January rose to 1396k, above both estimates and prior mark of 1300k revised; while month-over-monthBuilding Permits for January rose by 7.40%, above estimates of 0.00% and up from its prior -0.20% revised.
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Housing Starts during January rose to 1326k, above estimates of 1234k and rising from its previous mark of 1209k revised; while month-over-month Housing Starts for January rose by 9.70%, above estimates of 3.50% and up from its previous -6.90% revised. Also in today, Building Permits for January rose to 1396k, above both estimates and prior mark of 1300k revised; while month-over-month Building Permits for January rose by 7.40%, above estimates of 0.00% and up from its prior -0.20% revised.
Further, the month-over-month Import Price Index for January rose 1.00%, above survey of 0.60% and up from prior 0.20% revised; while year-over-year Import Price Index for January rose 3.60%, above estimates of 3.00% and up from its prior 3.20% revised. Also, Month-over-month Export Price Index for January rose by 0.80%, above estimates of 0.30% and up from its previous 0.10% revised; while year-over-year Export Price Index rose by 3.40% versus a prior mark of 2.80% revised.
The curve has bull-flattened with the UST 10-Year yield down 5.1 bps from prior closing.
Have A Wonderful Weekend!