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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buzzsaw99's picture

big week for data

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).


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.

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.

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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