US: Shutdown persists - TDS

Priya Misra, head of global rates strategy at TD Securities, points out that the US Department of Labor and Bureau of Labor Statistics are fully funded for Fiscal Year 2019, which suggests that business will proceed as usual and the jobs and CPI reports should be released on schedule.

Key Quotes

“Note that certain releases are likely to be affected such as advance goods trade balance, construction spending, factory orders, wholesale inventories, durable goods orders, retail sales and housing starts.”

“Meanwhile, the shutdown continued into its sixth day with no resolution in sight. We don't expect any deal until the new Congress is sworn in. Even after, we think it could take a while for the two sides to reach an agreement.”