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Today's Economic Data Docket - Import Prices, Budget Balance And Bond Auctions

Tyler Durden's picture


Import prices and the budget balance; On the funding side, Treasury will auction off 4 week bills and 10 Year bonds to pay for all this fun and games. Luckily nobody ever expects to be repaid pre-hyperinflation.
8:30: Import/export price indexes (August). Lower commodity prices. Consensus forecasts expect a decline in US import prices for August, likely due to the drop in commodity prices during the month. The Goldman Sachs Commodity Index (GSCI) fell by 5.5% in August. The broad trade-weighted dollar was about unchanged through the end of August (though it has strengthened more recently). 
Consensus: -0.8%; last +0.3%. MAP: 1

11:30: Treasury to auction off $27 billion 4 Week Bills to paydown $8 billion
14:00: The US budget balance (August). The CBO estimates that the August budget deficit increased compared to last year. However, most of the deterioration was due to calendar-related shifts. Adjusted for these effects the budget deficit likely increased by $13bn, according to the CBO.
CBO: -$132bn; Consensus: -$-132bn; Last (August 2010): -$91bn.

13:00: Treasury to auction a $21 billion reopening of 2.125% 8/15/2021 10 Year bonds to raise all new cash and send total US debt well into $14.7 trillion range.


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Tue, 09/13/2011 - 08:16 | 1663052 buzzsaw99
buzzsaw99's picture

big week for data

Tue, 09/13/2011 - 08:20 | 1663064 papaswamp
papaswamp's picture

What no NFIB report?

NFIB drops again to 88.10. 88.20 expected, 89.90 previous. Small biz decline for 6 months.

From NFIB "The net percent of owners expecting better business conditions in six months was a neg. 26 percent, down 11 points from July,"


Not a single positive data point out this week so far...except for inflation beating expectations (stagflation).


Tue, 09/13/2011 - 08:21 | 1663066 RobotTrader
RobotTrader's picture

Lots of green on Best Buy in pre-market.

The consumer is still strong, despite global financial turmoil.

I guess they don't have any stores in Europe.

Tue, 09/13/2011 - 08:37 | 1663110 augie
augie's picture


i love you robo, please don't leave when the market sells off again. I've come to rely on you to project what the masses are thinking.

Tue, 09/13/2011 - 08:43 | 1663137 papaswamp
papaswamp's picture

That sure is some positive outlook they have....

"Domestic segment comparable store sales growth seen in mobile computing (including tablets), appliances, eReaders - offset by lower sales in TV, gaming and physical media. Lack of new phone launches led to a 5% decline in mobile phone sales. Sees flat to a 3% decline in FY12 comparable store sales."

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