Halister News

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

• Existing Homes 5.3m; range 5.1m to 5.46m (74 estimates)
• Existing Homes -0.93% m/m; range -4.67% to 2.06% (74 estimates)
• “Disruption caused by the recent storms will likely weigh on housing resales in the next few months. The August decline in the South showed many contract signings were canceled in anticipation of inclement weather or due to the post-landfall flooding affecting vast areas in the region”: Bloomberg Intelligence
• In August, re-sales fell to a 1-year low of 5.35 million

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) -- With 78 percent of the yield curve captured by going out just 12 years, investors should favor short-to-neutral duration municipals, according to Matthew Gastall, executive director of Morgan Stanley’s wealth management team.

• If interest rates rise, "short-to-neutral duration securities should hold their value more effectively" than those with longer maturities
• Focus on high-quality municipals due to there being less compensation overall for taking on credit risk, so should business cycle turn lower-quality names will experience more stress
• Bond ladder strategy of short-to-neutral duration bonds can be effective intermediary between earning yield without taking excessive interest-rate risk for buy-and-hold investors
• Consider fall entry points once current period of weakness stabilizes; add exposure through dollar-cost averaging

To contact the reporter on this story: Justina Vasquez in New York at jvasquez57@bloomberg.net

--COURTNEY DENTCH

(Bloomberg) -- Return of food inflation seems to be happening at a slower pace than the market expected, Haitong economist Flavio Serrano said in an interview.

• Haitong expected a food deflation of -0.07%; IBGE data showed a drop of 0.34%
• Pressure on electric power prices will increase at the end of the month and the impact of the red flag will start in November
• Even with the slow return of food inflation and higher electric power prices, "level of CPI should remain next to 0.30% throughout 2018"
• NOTE: Brazil Inflation Quickens as Central Bank Prepares to Cut Less

Original Story: Haitong: Dinâmica de inflação continua bem favorável To contact the translator on this story: Ana Carolina Siedschlag in São Paulo at asiedschlag@bloomberg.net To contact the translation editor responsible for this story: Giulia Camillo at gcamillo@bloomberg.net Reporter on the original story: Ana Carolina Siedschlag in São Paulo at asiedschlag@bloomberg.net Editors responsible for the original story: Daniela Milanese at dmilanese@bloomberg.net Patricia Xavier

(Bloomberg) -- Canada’s consumer price index seen rising 1.7% y/y in September after increasing 1.4% in August

• Retail sales seen rising 0.5% m/m in August after increasing 0.4% in July

--COURTNEY DENTCH