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Market Commentary


 
Today's Coupons
 
  10-Year Notes   102-31.5 (+19.5) 1.914%  
 
  FN 3.5% Coupon   104-23.5 (+08.5)  
 
  Support   2.260%  
 
  Resistance   1.930%  
 
 
 
 
Today's Blurb Friday, January 29, 2016
 
 
          The first estimate of fourth quarter GDP showed that the economy advanced 0.70% following a 2.00% growth in the third quarter. The largest contributor to growth was consumer spending, and the largest detractor was net exports. Q4 GDP is up 1.80% YoY, compared to 2.10% in Q3 2015. The economy grew at 2.50% in 2015. PCE rose 2.20% which included a 4.30% rise in durable goods purchases, and government spending rose 0.70% after rising 1.80% in Q3. The lack of growth in the fourth quarter is adding to speculation that the Fed may not see their projected growth rate for some time. Treasuries are up this morning following the data release and the curve has flattened with 2s10s down 2.5 bps.
Have An Amazing Weekend!
 
 
   
 
   
 
This Week's Events
 
 
  DATE EVENT TIME(PT) PERIOD SURVEY ACTUAL PRIOR REVISED  
  01/25 Dallas Fed Manf. Activity 06:30 Jan -14.00 -34.60 -20.10 -21.60  
                   
  01/26 FHFA House Price Index MoM 06:00 Nov   0.50% 0.50%   0.50% -  
                   
  01/26 S&P/Case-Shiller US HPI MoM 06:00 Nov - 0.87%   0.88% -  
                   
  01/26 Markit US Services PMI 06:45 Jan P 54.00 53.70 54.30 -  
                   
  01/26 Markit US Composite PMI 06:45 Jan P   - 53.70  54.00 -  
                   
  01/26 Consumer Confidence Index 07:00 Jan 96.50 98.10 96.50 96.30  
                   
  01/26 Richmond Fed Manufact. Index 07:00 Jan 2.00 2.00   6.00 -  
                   
  01/27 MBA Mortgage Applications 04:00 22 Jan   -   8.80%   9.00% -  
                   
  01/27 New Home Sales 07:00 Dec   500K 544K   490K 491K  
                   
  01/28 Initial Jobless Claims 05:30 23 Jan   281K 278K   293K 294K  
                   
  01/28 Continuing Claims 05:30 16 Jan  2218K 2268K  2208K 2219K  
                   
  01/28   Durable Goods Orders 05:30 Dec P  -0.70% -5.10%   0.00% -0.50%  
                   
  01/28 Bloomberg Consumer Comfort 06:45 24 Jan - 44.60 44.00 -  
                   
  01/28 Kansas City Fed Manf. Activity 08:00 Jan -10.00 -9.00 -9.00 -  
                   
  01/29 GDP Annualized QoQ 05:30 4Q A     0.80% 0.70% 2.00% -  
                   
  01/29 Personal Consumption 05:30 4Q A     1.80% 2.20% 3.00% -  
                   
  01/29 GDP Price Index 05:30 4Q A     0.80% 0.80% 1.30% -  
                   
  01/29 ISM Milwaukee 06:00 Jan   50.00 50.36 48.53 -  
                   
  01/29 U. of Mich. Sentiment 07:00 Jan F    93.00 92.00 93.30 -  
                   
 
 
 
 
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