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Market Commentary


 
Today's Coupons
 
  10-Year Notes   100-10 (+15.5) 2.214%  
 
  FN 3.5% Coupon   103-13.5 (+07)  
 
  Support   2.370%  
 
  Resistance   2.130%  
 
 
 
 
Today's Blurb Monday, January 04, 2016
 
 
        We have a heavy data calendar this week as we return from the holidays to kick off 2016. The data begins with Construction Spending and ISM Manufacturing today, followed by ADP, the Trade Balance, and Durable Goods Orders on Wednesday, and lastly followed by the Unemployment Report and Nonfarm Payrolls on Friday. Construction Spending slumped in November, down 0.40% (consensus +0.60%), following a 0.30% advance in October. ISM Manufacturing slipped to 48.20 from 48.60 prior (consensus 49.00). Treasuries are up this morning and the curve has flattened with 2s10s down 2.30 bps.
 
 
   
 
   
 
This Week's Events
 
 
  DATE EVENT TIME(PT) PERIOD SURVEY ACTUAL PRIOR REVISED  
  01/04 Markit US Manufacturing PMI 06:45 Dec F 51.10 51.20 51.30 -  
                   
  01/04 ISM Manufacturing 07:00 Dec 49.00 48.20 48.60 -  
                   
  01/05 ISM New York 06:45 Dec - - 60.70 -  
                   
  01/06 MBA Mortgage Applications 04:00 1 Jan - - 7.30% -  
                   
  01/06 ADP Employment Change 05:15 Dec 192K - 217K -  
                   
  01/06 Trade Balance 05:30 Nov -$44.10 B - -$43.89 B -  
                   
  01/06 Markit US Services PMI 06:45 Dec F 54.00 - 53.70 -  
                   
  01/06 Markit US Composite PMI 06:45 Dec F - - 53.50 -  
                   
  01/06 Factory Orders 07:00 Nov -0.20% - 1.50% -  
                   
  01/06 Durable Goods Orders 07:00 Nov F - - 0.00% -  
                   
  01/06 U.S. Fed Releases Minutes from FOMC Meeting 11:00 15-16 Dec - - - -  
                   
  01/07 Challenger Job Cuts YoY 04:30 Dec - - -13.90% -  
                   
  01/07 Initial Jobless Claims 05:30 2 Jan - - - -  
                   
  01/07 Continuing Claims 05:30 26 Dec - - - -  
                   
  01/08 Unemployment Rate 05:30 Dec 5.00% - 5.00% -  
                   
  01/08 Change in Nonfarm Payrolls 05:30 Dec 200K  - 211K  -  
                   
  01/08 Change in Private Payrolls 05:30 Dec 192K  - 197K -  
                   
  01/08 Average Hourly Earnings MoM 05:30 Dec 0.20%  - 0.20%  -  
                   
  01/08 Average Hourly Earnings YoY 05:30 Dec 2.80%  - 2.30%  -  
                   
  01/08 Wholesale Trade Sales MoM 07:00 Nov 0.00%  - 0.00% -  
                   
  01/08 Wholesale Inventories MoM 07:00 Nov -0.10%  - -0.10%  -  
                   
 
 
 
 
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