Fx Primus Rebates

US February factory orders +1.2% vs +1.7% expected

Factory orders for February – was -1.4% (revised to -1.3%) – Ex transport +0.1% vs +0.4% prior Durable goods orders revisions: – Durable goods orders +3.0% vs +3.1% prelim Overall, the numbers are a touch on the soft side but nothing that’s going to rock the boat. We’ll have to see what happens to orders…

Fx Primus Rebates

Gundlach: US 10-year yields seem about right

DoubleLine’s Gundlach on CNBC – Gundlach highlighted the correlation with German 10-year bunds and nominal GDP – Recent economic data has not been as strong as three months ago, especially retail sales Gundlach has been saying most of these things for awhile.

Fx Primus Rebates

New Zealand March house prices +7.3% y/y

The unstoppable New Zealand housing market There’s the odd pause, but never a sustained drop. Quotable Value says March house pries rose 7.3% y/y compared to 6.5% in February. That’s the fastest annual pace since June 2017. In the shorter term, prices are up 1.2% so far this year to an average of NZ$677,618.