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Market Commentary


 
Today's Coupons
 
  10-Year Notes   100-01.5 (-0.5) 2.245%  
 
  FN 3.5% Coupon   103-09 (+1.5)  
 
  Support   2.370%  
 
  Resistance   2.130%  
 
 
 
 
Today's Blurb Tuesday, January 05, 2016
 
 
      There is nothing on the economic calendar for today ahead of tomorrow’s packed data release which includes the FOMC minutes from the December 15-16th meeting. This Friday will be the first post rate hike Nonfarm Payrolls, which is likely to be a key focal point for our “data dependent” Fed. Payrolls are expected to fall from 211K in November to 200K in December with the Unemployment Rate holding at 5.00%. Treasuries got a boost yesterday as turbulent markets abroad fueled a flight to quality, and this morning are holding near yesterday’s 2:00 PM (PT) close level. The curve has steepened with 2s10s up 1.0 bp.  
 
 
   
 
   
 
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 - 62.00 60.70 -  
                   
  01/06 MBA Mortgage Applications 04:00 1 Jan - - 7.30% -  
                   
  01/06 ADP Employment Change 05:15 Dec 195K - 217K -  
                   
  01/06 Trade Balance 05:30 Nov -$44.00 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 275K - 287K -  
                   
  01/07 Continuing Claims 05:30 26 Dec 2200K - 2198K -  
                   
  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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