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Tuesday: Retail Sales, Industrial Production, Homebuilder Survey and More

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by Calculated Risk on 8/16/2021 09:00:00 PM

From Matthew Graham at Mortgage News Daily: MBS RECAP: Drifty Day, Treasuries Hold Weekly Gains, MBS Underperform

MBS underperformed, ultimately returning to ‘unchanged’ levels in the 4pm hour even as Treasuries remined slightly stronger on the day. … [30 year fixed 2.93%]
emphasis added

Tuesday:
o At 8:30 AM ET, Retail sales for July is scheduled to be released. The consensus is for 0.2% decrease in retail sales.

o At 9:15 AM, The Fed will release Industrial Production and Capacity Utilization for July. The consensus is for a 0.5% increase in Industrial Production, and for Capacity Utilization to increase to 75.7%.

o At 10:00 AM, The August NAHB homebuilder survey. The consensus is for a reading of 80, unchanged from 80. Any number above 50 indicates that more builders view sales conditions as good than poor.

o At 12:00 PM, MBA Q2 National Delinquency Survey (expected)

o At 1:30 PM, Fed Chair Powell speaks: Conversation with the Chair: A Virtual Teacher Town Hall Meeting

August 16th COVID-19: Data reported on Monday is always low, and is revised up as data is received

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