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Market Commentary


 
Today's Coupons
 
  10-Year Notes   100-01 (+16) 1.622%  
 
  FN 3.5% Coupon   105-04 (+05.5)  
 
  Support   2.160%  
 
  Resistance   1.720%  
 
 
 
 
Today's Blurb Thursday, February 11, 2016
 
 
         Initial Jobless Claims fell by 21K last week to 269K from an unrevised 285K the week prior. This is the 49th consecutive week of claims below 300K, and today's level is the lowest since December 19th. The four-week moving average fell to 281,250 from 284,750. Continuing Claims fell 21K to 2239K from 2260K prior. Treasuries got a boost yesterday following Janet Yellen's semi-annual testimony in which she cited that weakening stock and commodity prices coupled with economic fragility abroad may delay normalization. This morning treasuries are continuing with yesterday's momentum pushing 10-Year yields as low as 1.55% (lowest since Sept 2012), and the curve has flattened with 2s10s down 1.1 bps.
 
 
   
 
   
 
This Week's Events
 
 
  DATE EVENT TIME(PT) PERIOD SURVEY ACTUAL PRIOR REVISED  
  02/08 No Data - -   - - - -  
                   
  02/09 JOLTS Job Openings 07:00 Dec    5413.00   5607.00    5431.00  5346.00  
                   
  02/09 Wholesale Inventories MoM 07:00 Dec -0.20% -0.10% -0.30% -0.40%  
                   
  02/09 Wholesale Trade Sales MoM 07:00 Dec -0.40% -0.30%  -1.00% -1.30%  
                   
  02/10 MBA Mortgage Applications 04:00 5 Feb   - 9.30%  -2.60% -  
                   
  02/11 Initial Jobless Claims 05:30 6 Feb   280K 269K   285K -  
                   
  02/11 Continuing Claims 05:30 30 Jan  2245K 2239K  2255K 2260K  
                   
  02/11   Bloomberg Consumer Comfort 06:45 7 Feb  - 44.50  44.20 -  
                   
  02/12 Import Price Index MoM 05:30 Jan   -1.50% -   -1.20% -  
                   
  02/12 Import Price Index YoY 05:30 Jan   -6.80% -   -8.20% -  
                   
  02/12 Retail Sales Advance MoM 05:30 Jan    0.10% -   -0.10% -  
                   
  02/12 Business Inventories 07:00 Dec    0.10% -   -0.20% -  
                   
  02/12 U. of Mich. Sentiment 07:00 Feb P   92.30 - 92.00 -  
                   
 
 
 
 
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