US: Data releases are significant - BBH

Research Team at BBH, suggests that today's US data is significant and is likely to do the following two things. 

Key Quotes

“First, it will allow last minute tweaks to Q3 GDP, where the government provides its first estimate before the weekend.  The September trade balance and (wholesale and retail) inventories will be useful for this.  Second, the data will also provide some insight into the start of Q4.  Markit's preliminary services and composite readings for Oct will be published. 

We advise paying close attention to US yields, which remain firm in European turnover.  Indeed, the 2-year yield is at its best level since the five-month high was made a couple of weeks ago.  The 10-year yield is steady near 1.76%.  It has not been below 1.72% since October 11.”