HALISTER1: U.S. ECO PREVIEW: Business Inventories, NAHB Due in 5 Minutes

U.S. ECO PREVIEW: Business Inventories, NAHB Due in 5 Minutes

(Bloomberg) -- Following are forecasts for today’s U.S. economic releases as compiled by Bloomberg News:
  • Business Inv. 0.4% m/m; range 0.3% to 0.8% (34 estimates)
    • Further increase in inventory-to-sales ratio could suggest "businesses are not properly managing their stockpiles given the pace of demand": Bloomberg Intelligence
  • NAHB 67; range 65 to 68 (39 estimates)
Alert: HALISTER1
Source: BFW (Bloomberg First Word)

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UUID: 7947283

HALISTER1: Fed’s Next Rate Hike to Come in September, Morgan Stanley Says

Fed’s Next Rate Hike to Come in September, Morgan Stanley Says

(Bloomberg) -- Fed Chair Janet Yellen’s testimony to Congress “laid forth a tall order” that employment and inflation both need to evolve in line with central bank’s expectations, Morgan Stanley economist Ellen Zentner and strategist Matthew Hornbach wrote on Tuesday.
  • Data on core inflation may disappoint, making near-term rate increase difficult
  • Yellen, Fed board need “clearer lens” into “machinations of Congress” to incorporate fiscal policy into outlook
  • Two hikes expected this year, with next move in September rather than June, which has higher probability from consensus
    • Continue to suggest investors position for a steeper 5s30s yield curve; those positioned for more than one rate hike by June will be disappointed
Alert: HALISTER1
Source: BFW (Bloomberg First Word)

People
Ellen Zentner (Morgan Stanley)
Janet Yellen (Federal Reserve System)
Matthew Hornbach (Morgan Stanley)

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UUID: 7947283

HALISTER1: U.S. ECO PREVIEW: Industrial Production Due in 5 Minutes

U.S. ECO PREVIEW: Industrial Production Due in 5 Minutes

(Bloomberg) -- Following are forecasts for today’s U.S. economic releases as compiled by Bloomberg News:
  • Ind. Prod. 0% m/m; range -0.6% to 0.4% (77 estimates)
  • Cap. Util. 75.4%; range 74.9% to 75.8% (59 estimates)
  • Manu. Prod. 0.2% m/m; range -0.1% to 0.6% (27 estimates)
    • Total production probably depressed by lower utility output: Jim O’Sullivan, economist at High Frequency Economics
Alert: HALISTER1
Source: BFW (Bloomberg First Word)

People
Jim O'Sullivan (High Frequency Economics Ltd)

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UUID: 7947283

HALISTER1: DBRS Commentary: DBRS CLO Insights

DBRS Commentary: DBRS CLO Insights

Alert: HALISTER1
Source: DBR (Dominion Bond Rating Service)

People
Carlos Silva (Dbrs Europe Ltd)
Gordon Kerr (Dbrs Europe Ltd)
Jerry Van Koolbergen (DBRS Inc)
Mudasar Chaudhry (DBRS Inc)

Topics
Credit Analysis Research
Credit Research
Fixed Income Research
Investment Research
Final Rules

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UUID: 7947283