US OUTLOOK/OPINION: Early Core CPI Estimates See 0.32% M/M For July
Aug-08 15:50
- Next week sees the CPI report for July released on Tuesday at the usual 0830ET.
- For an early look at unrounded analyst estimates, we see a median of the below nine analysts looking for headline CPI at 0.24% M/M in what could test Bloomberg consensus of 0.2.
- Core CPI meanwhile is seen at 0.32% M/M (cons 0.3) with a current range of 0.27-0.35% M/M after the 0.23% M/M seen in June. It would be the strongest M/M since January.
- Particularly early core PCE tracking is currently between 0.29-0.33% from these analysts, an acceleration from 0.26% M/M in June. It would be the strongest M/M since February.
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TARIFFS: Pres Trump Publishes Latest US Tariff Rates On 6 Countries
Jul-09 15:44
US President Trump announces tariff rates (via the now-usual Truth Social "letters") on:
- the Philippines (20%, vs 17% reciprocal tariff announced on "Liberation Day")
- Moldova (25% vs 31%)
- Algeria (30%, unchanged)
- Brunei (25%, vs 24%)
- Iraq (30% vs 39%)
- Libya (30% vs 31%)
FED: US TSY 17W BILL AUCTION: HIGH 4.230%(ALLOT 69.56%)
Jul-09 15:32
- US TSY 17W BILL AUCTION: HIGH 4.230%(ALLOT 69.56%)
- US TSY 17W BILL AUCTION: DEALERS TAKE 34.08% OF COMPETITIVES
- US TSY 17W BILL AUCTION: DIRECTS TAKE 5.59% OF COMPETITIVES
- US TSY 17W BILL AUCTION: INDIRECTS TAKE 60.33% OF COMPETITIVES
- US TSY 17W BILL AUCTION: BID/CVR 3.03
PIPELINE: Corporate Bond Roundup: NTT Finance 7Pt on Tap
Jul-09 15:27
- Date $MM Issuer (Priced *, Launch #)
- 07/09 $Benchmark NTT Finance Corp: 2Y +105, 3Y +115, 3Y SOFR, 5Y +130, 5Y SOFR, 7Y +140, 10Y +150
- 07/09 $Benchmark Gulfstream Natural GasSystem 10Y +155a
- 07/09 $Benchmark Romania +5Y +225, +10Y +270a
- 07/09 $Benchmark Viper Energy 5Y +135, 10Y +170a
- 07/09 $Benchmark Western-Southern 3Y +90a
- $7.4B Priced Tuesday
