Sign In
Treasury Views

​​

Weekly Market View

Weekly Market View

Monday, April 23, 2018

FHLB Dallas has products focused on supporting your institution’s needs. Our product sheets can give you a snapshot of how they work, their uses, and benefits.

THE WEEK THAT WAS

April 16: The Federal Reserve of New York admits to errors in the calculation of its brand new SOFR (Secured Overnight Financing Rate), having included forward-starting overnight repurchase agreements in its daily reporting.

April 17: An engine malfunction on a Southwest Airlines flight from New York to Dallas resulted in the death of a Wells Fargo executive. A piece of debris from the explosion in the engine tore a hole in a passenger window, causing the first fatality in a U.S. airline accident since 2009.

April 18:The International Monetary Fund stated that the U.S. Debt-to-Gross Domestic Product will rise to 116.9 percent in five years due to the new tax cuts. That would put the U.S. in a worse fiscal position than Italy by 2023. Former Federal Reserve Chairman Alan Greenspan, in a Bloomberg TV interview, said lowering corporate tax rates is a good thing, but that is not funded and spending cuts should precede tax cuts.

April 19:Amazon, Inc. said it now has more than 100 million Prime members globally and its Prime Now service (which now offers two-hour delivery or less) is currently available in 50 cities in nine countries.

April 20: Stocks opened on Friday unchanged, and the Dow Jones Industrial Average fell about 200 points, threatening to give up a weekly gain as government bond yields rose. Apple shares fell 4.1 percent, which offset a 4 percent gain in General Electric.

Banking & Economic News

One Dead in Southwest Airlines Flight Emergency Landing in Philadelphia
Learn more (April 17, 2018; cbsnews.com)

Oil Jumps 3 Percent on Saudi Price Target, U.S. Stockpiles
Learn more (April 17, 2018; reuters.com)

Amazon Says It Has More Than 100 Million Prime Members
Learn more (April 18, 2018; reuters.com)

U. S. Debt Load Seen Worse Than Italy’s by 2023, IMF Predicts
Learn more (April 18, 2018; bloomberg.com)

 

THE WEEK TO COME

April 23 (All times are CT)
  • Chicago Fed Nat Activity Index at 7:30 a.m.
  • U.S. Manufacturing Purchasing Managers’ Index at 8:45 a.m.
  • U.S. Services Purchasing Managers’ Index at 8:45 a.m.
  • U.S. Composite Purchasing Managers’ Index at 8:45 a.m.
  • Existing Home Sales at 9:00 a.m.
April 24
  • Federal Housing Finance Agency House Price Index at 8:00 a.m.
  • New Home Sales at 9:00 a.m.
  • Federal Reserve of Richmond Manufacturing Index at 9:00 a.m.
  • Conference Board Consumer Confidence at 9:00 a.m.
  • Conference Board Present Situation at 9:00 a.m.
  • Conference Board Expectations at 9:00 a.m.
April 25
  • Mortgage Bankers Association Mortgage Applications at 6:00 a.m.
April 26
  • Initial Jobless Claims at 7:30 a.m.
  • Continuing Claims at 7:30 a.m.
  • Advance Goods Trade Balance at 7:30 a.m.
  • Retail Inventories at 7:30 a.m.
  • Wholesale Inventories at 7:30 a.m.
  • Durable Goods Orders at 7:30 a.m.
  • Bloomberg Consumer Comfort at 8:45 a.m.
  • Federal Reserve of Kansas City Manufacturing Activity at 10:00 a.m.
April 27
  • Employment Cost Index at 7:30 a.m.
  • Gross Domestic Product Annualized at 7:30 a.m.
  • Personal Consumption at 7:30 a.m.
  • Gross Domestic Product Price Index at 7:30 a.m.
  • Core Personal Consumption Price Index at 7:30 a.m.
  • University of Michigan Sentiment at 9:00 a.m.
  • University of Michigan Current Conditions at 9:00 a.m.

  • FHLB Dallas Rates




1 - 1Next