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Market Commentary


 
Today's Coupons
 
  10-Year Notes   100-28.5 (0.0) 2.149%  
 
  FN 3.5% Coupon   103-23.5 (+1.0)  
 
  Support   2.370%  
 
  Resistance   2.130%  
 
 
 
 
Today's Blurb Friday, January 08, 2016
 
 
      Payrolls posted above expectations with a considerable upward revision in November. December Nonfarm Payrolls rose 292K (consensus 200K) with November revised up from 211K to 252K. The Unemployment Rate held at 5.00% as expected and the Labor Force Participation Rate inched up from 62.50% in November to 62.60% (consensus 62.50%). Average Hourly Earnings were flat in December and are up 2.50% YoY from 2.30% in November. Although wage growth remains muted, the increase in participation and firm payroll additions make this a solid report. Treasuries initially took a dip on the stronger than anticipated Jobs report, however now they are hovering back near yesterday’s 2:00 PM (PT) close levels and the curve has steepened with 2s10s up 0.7 bps.
Have A Fantastic Weekend!  
 
 
   
 
   
 
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 - -11.60% -17.40% -  
                   
  01/06 ADP Employment Change 05:15 Dec 198K 257K 217K 211K  
                   
  01/06 Trade Balance 05:30 Nov -$44.00 B -$42.37 B -$43.89 B -$44.58 B  
                   
  01/06 Markit US Services PMI 06:45 Dec F 54.00 54.30 53.70 -  
                   
  01/06 Markit US Composite PMI 06:45 Dec F - 54.00 53.50 -  
                   
  01/06 Factory Orders 07:00 Nov -0.20% -0.20% 1.50% 1.30%  
                   
  01/06 Durable Goods Orders 07:00 Nov F - 0.00% 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 - -27.60% -13.90% -  
                   
  01/07 Initial Jobless Claims 05:30 2 Jan 275K 277K 287K -  
                   
  01/07 Continuing Claims 05:30 26 Dec 2200K 2230K 2198K 2205K  
                   
  01/08 Unemployment Rate 05:30 Dec 5.00% 5.00% 5.00% -  
                   
  01/08 Change in Nonfarm Payrolls 05:30 Dec 200K 292K 211K 252K  
                   
  01/08 Change in Private Payrolls 05:30 Dec 201K  275K 197K 240K  
                   
  01/08 Average Hourly Earnings MoM 05:30 Dec 0.20% 0.00% 0.20% -  
                   
  01/08 Average Hourly Earnings YoY 05:30 Dec 2.70% 2.50% 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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