Leading Economic Indicators (LEI) from the Conference Board
December's Leading Economic Indicators (LEI) was today’s only monthly economic report. The Conference Board announced a 0.3% decline in the index, indicating it is predicting softer economic activity over the next three to six months. That is good news for bonds because they tend to thrive during weaker economic conditions, pushing mortgage rates lower. However, this data is not the cause of this morning’s bond gains.