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Market Commentary


 
Today's Coupons
 
  10-Year Notes   95-24 (-05.5)  
 
  FN 3.5% Coupon   101-26.5 (-04)  
 
  Support   2.506%  
 
  Resistance   2.305%  
 
 
 
 
Friday, January 20, 2017
 
 
Treasuries started the day by selling-off for a third consecutive day. USTs have been under pressure this week along with UK and Eurozone bond markets. 10-Year treasury yield is at 2.482, up 0.7 bp from prior closing of 2.475.

No economic data and Treasury/Fed activity are scheduled today except for Fed's Harker speaking in New Jersey on economic outlook at 6:00 AM (PT) and Fed's Williams speaking at San Francisco Fed at 10:00 AM (PT).

The much anticipated inauguration of Donald Trump as the 45th President of the United States takes place at 9:00 AM (PT). Due to the inauguration, there is a public holiday in Washington DC today.

The curve has bear steepened with UST 10-Year yield up 0.7 bp.

Have A Fantastic Weekend!

 
 
   
 
   
 
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 - 0.80% 5.80% -  
                   
  01/18 CPI MoM 05:30 Dec 0.30% 0.30% 0.20% -  
                   
  01/18 CPI YoY 05:30 Dec 2.10% 2.10% 1.70% -  
                   
  01/18 Real Avg Weekly Earnings YoY 05:30 Dec - 0.20% 0.50% 0.20%  
                   
  01/18 Industrial Production MoM 06:15 Dec 0.60% 0.80% -0.40% -0.70%  
                   
  01/18 Capacity Utilization 06:15 Dec 75.40% 75.50% 75.00% 74.90%  
                   
  01/18 NAHB Housing Market Index 07:00 Jan 69.00 67.00 70.00 69.00  
                   
  01/18 Total Net TIC Flows 13:00 Nov - -$23.70 B -$18.80 B -$20.60 B  
                   
  01/19 Housing Starts 05:30 Dec 1188K 1226K 1090K 1102K  
                   
  01/19 Housing Starts MoM 05:30 Dec 9.00% 11.30% -18.70% -16.50%  
                   
  01/19 Building Permits 05:30 Dec 1225K 1210K 1201K 1212K  
                   
  01/19 Building Permits MoM 05:30 Dec 1.10% -0.20% -4.70% -3.80%  
                   
  01/19 Initial Jobless Claims 05:30 14 Jan 252K 234K 247K 249K  
                   
  01/19 Continuing Claims 05:30 7 Jan 2075K 2046K 2087K 2093K  
                   
  01/19 Philadelphia Fed Business Outlook 05:30 Jan 15.30 23.60 21.50 19.70  
                   
  01/19 Bloomberg Consumer Comfort 06:45 15 Jan - 45.20 45.10 -  
                   
  01/20 No Data - - - - - -  
                   
 
 
 
 
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