Halister News

Economic Release Details: {SARPRT Index ECOD} --ALASTAIR REED

(Bloomberg) -- Following are forecasts for today’s economic releases as compiled by Bloomberg News.

• FHFA HPI 0.4% m/m; range 0.2% to 0.5% (12 estimates)
• Small increase expected in July
• BMO notes "Housing market fundamentals continue to look solid and steady across much of the States"

To contact the reporters on this story: Alex Tanzi in Washington at atanzi@bloomberg.net; Vincent Del Giudice in Denver at vdelgiudice@bloomberg.net To contact the editors responsible for this story: Alex Tanzi at atanzi@bloomberg.net Kristy Scheuble

See {NSN OWMQQSAIBMDD } for the Government Web Content - US press release.

(Bloomberg) -- Following are forecasts for today’s economic releases as compiled by Bloomberg News.

• Initial Claims 302k; range 250k to 350k (42 estimates)
• Cont. Claims 1975k; range 1955k to 2000k (4 estimates)
• “Jobless claims data have been, and will continue to be, distorted by Hurricanes Harvey and Irma for a few weeks”: Bloomberg Intelligence
• In the week ended Sept. 8, claims totaled 284,000, above this year’s average of 246,000
• Philly Fed 17.1; range 12 to 25 (49 estimates)
• The regional factory index has weakened for three consecutive months
• “The Trump administration’s failure to enact any pro-growth, tax, infrastructure or trade policies has deflated expectations for the manufacturing economy. As such, most measures of factory sentiment have trended down to pre- election levels”: Bloomberg Intelligence
• Special question today asking firms to compare total production for the third quarter with that of the second quarter.

To contact the reporters on this story: Alex Tanzi in Washington at atanzi@bloomberg.net; Vincent Del Giudice in Denver at vdelgiudice@bloomberg.net To contact the editors responsible for this story: Alex Tanzi at atanzi@bloomberg.net Kristy Scheuble

(Bloomberg) -- Treasury futures (TY1) technical levels in focus.

• Daily trend bias: Bearish
• Comment: Achieves 125-17 Fibonacci objective set out Thursday, which in turn has generated an oversold setup (9-day RSI hits 28); 125-17 should be seen as last defense line ahead of 200-DMA at 125-10; barring some residual sell-momentum that can target 200-DMA, expect oversold bounce in coming days which should produce a lower top
  • Resistance: 125-25+; 125-30; 126-05+
  • Support: 125-17; 125-15+; 125-13; 125-10
• NOTE: Contract rolls with active futures on GFUT (no adjustments)
• NOTE: Sejul Gokal is a FICC technical strategist who writes for Bloomberg. The observations he makes are his own and are not intended as investment advice

To contact the reporter on this story: Sejul Gokal in London at sgokal1@bloomberg.net To contact the editors responsible for this story: Ven Ram at vram1@bloomberg.net Keith Jenkins

(Bloomberg) -- Societe Generale recommends investors buy Hungary’s local-currency bonds due December 2026 FX-hedged, targeting a 60bps move lower to 1.98% in 6-12 months as central bank to push longer rates lower, strategist Phoenix Kalen says in emailed note.

• Stop loss at 2.82%
• “The National Bank of Hungary clearly communicated its desires for lower BUBOR interbank rates, lower rates and bond yields across the curves, and flatter yield curves”
• “Tools may include longer-tenor FX swaps, or subsidized long-dated IRS facilities, or targeted incentives for local buying of long-dated Hungarian government bonds”
• “Policy credibility of the central bank is strong on this particular focus to deliver lower long-term bond yields”
• “Hungary’s robust economic recovery, the convergence narrative with core Europe, and upgrade pressures on its credit ratings are further reasons why we believe that more investors will want to participate in Hungarian government bonds in the future”
• NOTE: Hungary Reboots Monetary Easing to Confront Stronger Forint

To contact the reporter on this story: Marton Eder in Budapest at meder4@bloomberg.net To contact the editors responsible for this story: Ven Ram at vram1@bloomberg.net Anil Varma

Economic Release Details: {TAREDSC Index ECOD} --ADELA LIN