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Market Commentary

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Market Commentary


 
Today's Coupons
 
  10-Year Notes   97-07 (+22)  
 
  FN 3.5% Coupon   102-25 (+13.5)  
 
  Support   2.430%  
 
  Resistance   2.305%  
 
 
 
 
Tuesday, January 17, 2017
 
 
The UST 10-Year yield is lower this morning at 2.318% this morning after closing at 2.396% on Friday.

Market opened with treasuries higher across the curve this morning after President-elect Trump's remark that the US dollar was already “too strong”. Resurfaced concerns surrounding a potential hard Brexit also supported the gains as investors awaited Prime Minister Theresa May's speech this morning.

Today's economic calendar is quiet with just the January New York Fed Manufacturing Index data, which fell to 6.50 from 7.60 prior revised in December. The remainder of the week consists of tomorrow's December CPI Inflation and Industrial Production reports, and Thursday's Housing Starts and Building Permits data. Chairwoman Yellen is also scheduled to speak on Wednesday and Thursday. There are no scheduled economic data on Friday as Donald Trump's inauguration takes place as the 45th President of the United States.

The curve has bull-flattened with the UST 10-Year down 7.8 bps from prior closing.

 
 
   
 
   
 
This Week's Events
 
 
  DATE EVENT TIME(PT) PERIOD SURVEY ACTUAL PRIOR REVISED  
  01/16 No Data - - - - - -  
                   
  01/17 Empire Manufacturing 05:30 Jan 8.50 6.50 9.00 7.60  
                   
  01/18 MBA Mortgage Applications 04:00 13 Jan - - 5.80% -  
                   
  01/18 CPI MoM 05:30 Dec 0.30% - 0.20% -  
                   
  01/18 CPI YoY 05:30 Dec 2.10% - 1.70% -  
                   
  01/18 Real Avg Weekly Earnings YoY 05:30 Dec - - 0.50% 0.20%  
                   
  01/18 Industrial Production MoM 06:15 Dec 0.60% - -0.40% -  
                   
  01/18 Capacity Utilization 06:15 Dec 75.40% - 75.00% -  
                   
  01/18 NAHB Housing Market Index 07:00 Jan 69.00 - 70.00 -  
                   
  01/18 Total Net TIC Flows 13:00 Nov - - -$18.80 B -  
                   
  01/19 Housing Starts 05:30 Dec 1187K - 1090K -  
                   
  01/19 Housing Starts MoM 05:30 Dec 8.90% - -18.70% -  
                   
  01/19 Building Permits 05:30 Dec 1220K - 1201K 1212K  
                   
  01/19 Building Permits MoM 05:30 Dec 0.70% - -4.70% -3.80%  
                   
  01/19 Initial Jobless Claims 05:30 14 Jan 252K - 247K -  
                   
  01/19 Continuing Claims 05:30 7 Jan - - 2087K -  
                   
  01/19 Philadelphia Fed Business Outlook 05:30 Jan 15.10 - 21.50 19.70  
                   
  01/19 Bloomberg Consumer Comfort 06:45 15 Jan - - 45.10 -  
                   
  01/20 No Data - - - - - -  
                   
 
 
 
 
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