US Macro Daily(Beta Mode)
Yields Rise Ahead of PPI and Home Sales
Market Snapshot
| Asset | Level | Change |
|---|---|---|
| S&P 500 | 7,636.36 | -0.48% |
| Nasdaq 100 | 29,421.55 | -0.29% |
| Dow Jones | 52,380.66 | -0.77% |
| Russell 2000 | 2,921.24 | -1.32% |
| USD/JPY | 154.08 | +0.39% |
| EUR/USD | 1.16 | +0.03% |
| GBP/USD | 1.35 | -0.05% |
| Gold | 4,420.90 | +0.11% |
| WTI Crude | 97.14 | +1.13% |
| Bitcoin | 77,829.47 | -0.55% |
| US 2Y Treasury | 4.39% | +0.46% |
| US 10Y Treasury | 4.80% | +0.42% |
Prior Economic Events
| Data | Prior | Cons | Actual |
|---|---|---|---|
| MBA 30-Year Mortgage Rate | 6.79 | - | 6.85 |
| ADP Employment Change Weekly | 10,000 | - | 12,000 |
| API Weekly Crude Oil Stocks | -2.6m | -1.3m | -300,000 |
US 10Y Treasury Yield | Type: macro_line | Yield %: 4.8 (2026-09-08) | Range: 1.28–4.98 | Trend(6pt): 1.33,3.61,4.1,4.49,4.78,4.8
Today's Economic Events
| Data | Prior | Cons | Time |
|---|---|---|---|
| Producer Price Index Month-over-Month | 0 | 0.40 | 04:30 |
| Core Producer Price Index Month-over-Month | 0.20 | 0.30 | 04:30 |
| Weekly Jobless Claims | 206,000 | 205,000 | 04:30 |
| Existing Home Sales Level | 4.1m | 4.0m | 06:00 |
| Existing Home Sales Month-over-Month | -1.70 | - | 06:00 |
| EIA Weekly Crude Oil Inventory | -4.5m | -1.4m | 08:00 |
| EIA Weekly Gasoline Inventory | -1.2m | - | 08:00 |
- Equities fall as US 10-year yields reach 4.80% on inflation focus
- US-Canada trade tensions escalate with tariff retaliation warnings
- WTI crude climbs to 97.14 amid tighter inventory data
Yesterday's Recap
Equities closed lower across benchmarks on September 9, with the S&P 500 at 7,636.36, Nasdaq 100 at 29,421.55, Dow Jones at 52,380.66 and Russell 2000 at 2,921.24. Treasury yields advanced, lifting the 2-year to 4.39% and the 10-year to 4.80%. The MBA 30-year mortgage rate increased to 6.85% from 6.79%.
ADP employment change printed at +12,000, above the prior +10,000. API crude oil stocks declined by 300,000 barrels, missing the consensus draw of 1.3 million. USD/JPY rose to 154.08 while EUR/USD held near 1.16.
Oil prices gained 1.13% to 97.14 as investors positioned ahead of today’s inflation prints. Gold edged up 0.11% to 4,420.90 and Bitcoin slipped 0.55% to 77,829.47, reflecting mixed risk sentiment.
The Day Ahead
Markets will focus on the 8:30 a.m. ET release of producer price index data, with consensus calling for a 0.4% month-over-month increase after a flat prior reading. Core PPI is expected to rise 0.3% versus 0.2% previously.
Weekly jobless claims are forecast at 205,000. Existing home sales are projected at 3.98 million units, down from 4.06 million. EIA crude and gasoline inventory figures follow at 10:30 a.m.
ET. These releases will shape near-term views on inflation persistence and housing momentum ahead of tomorrow’s CPI report. The data arrive against a backdrop of resilient growth and steady policy expectations.
Other Economic Notes
US-Canada trade frictions intensified after Prime Minister Carney described retaliation against US tariffs as unavoidable, citing risks to economic activity in key midterm states. President Trump proposed a $5,000 dividend for adults conditional on Republican congressional control in November. Broader data show US GDP growth at 1.50% annualized in the first quarter and 2.10% year-over-year, with retail sales up 5.01% year-over-year through July.
Unemployment stands at 4.10% and CPI at 3.40% year-over-year as of July, underscoring a resilient yet inflation-sensitive expansion. Higher oil prices add upside risk to near-term inflation readings.
