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Market Commentary


 
Today's Coupons
 
  10-Year Notes   99-06 (+04)  
 
  FN 3.5% Coupon   99-27 (+02.5)  
 
  Support   2.859%  
 
  Resistance   2.438%  
 
 
 
 
Tuesday, February 13, 2018
 
 
Treasuries are higher than yesterday at the opening of today’s session. The yield on the UST 10-Year is currently at 2.847% after closing at 2.859% during the prior session.

Today marks another quiet day on the economic calendar as it only features Small Business Optimism for January. The index registered a score of 106.90; exceeding survey of 105.30 and moving up from its previous mark of 104.90. According to the National Federation of Independent Business, a record 32% of business owners during January said now was a good time for expanding their businesses. The January print came close to November’s 107.50 reading, which represented then the highest monthly mark since 1986. Further, the percentage of firms expecting compensation to grow rose to 24% during the period.

A $7 Billion 30-year TIPS auction is scheduled for Thursday.

The curve has bull-flattened with the UST 10-Year yield down 1.2 bps from prior closing.
 
 
   
 
   
 
This Week's Events
 
 
  DATE EVENT TIME(PT) PERIOD SURVEY ACTUAL PRIOR REVISED  
  02/12 Monthly Budget Statement 11:00 Jan $51.00b $49.20b $51.30b -  
                   
  02/13 NFIB Small Business Optimism 03:00 Jan 105.30 106.90 104.90 -  
                   
  02/14 MBA Mortgage Applications 04:00 9 Feb - - 0.70% -  
                   
  02/14 CPI MoM 05:30 Jan 0.30% - 0.10% 0.20%  
                   
  02/14 CPI YoY 05:30 Jan 1.90% - 2.10% -  
                   
  02/14 Retail Sales Advance MoM 05:30 Jan 0.20% - 0.40% -  
                   
  02/14 Business Inventories 07:00 Dec 0.30% - 0.40% -  
                   
  02/15 Empire Manufacturing 05:30 Feb 17.90 - 17.70 -  
                   
  02/15 PPI Final Demand MoM 05:30 Jan 0.40% - -0.10% -  
                   
  02/15 PPI Final Demand YoY 05:30 Jan 2.50% - 2.60% -  
                   
  02/15 Initial Jobless Claims 05:30 10 Feb 228k - 221k -  
                   
  02/15 Continuing Claims 05:30 3 Feb 1927k - 1923k -  
                   
  02/15 Philadelphia Fed Business Outlook 05:30 Feb 21.50 - 22.20 -  
                   
  02/15 Industrial Production MoM 06:15 Jan 0.20% - 0.90% -  
                   
  02/15 Capacity Utilization 06:15 Jan 78.00% - 77.90% -  
                   
  02/15 Bloomberg Consumer Comfort 06:45 11 Feb - - 54.40 -  
                   
  02/15 NAHB Housing Market Index 07:00 Feb 72.00 - 72.00 -  
                   
  02/15 Total Net TIC Flows 13:00 Dec - - $33.80b -  
                   
  02/15 Net Long-term TIC Flows 13:00 Dec - - $57.50b -  
                   
  02/16 Import Price Index MoM 05:30 Jan 0.60% - 0.10% -  
                   
  02/16 Import Price Index YoY 05:30 Jan 2.90% - 3.00% -  
                   
  02/16 Housing Starts 05:30 Jan 1235k - 1192k -  
                   
  02/16 Housing Starts MoM 05:30 Jan 3.60% - -8.20% -  
                   
  02/16 Building Permits 05:30 Jan 1300k - 1302k 1300k  
                   
  02/16 Building Permits MoM 05:30 Jan 0.00% - -0.10% -0.20%  
                   
  02/16 Export Price Index MoM 05:30 Jan 0.30% - -0.10% -  
                   
  02/16 Export Price Index YoY 05:30 Jan - - 2.60% -  
                   
  02/16 U. of Mich. Sentiment 07:00 Feb P 95.40 - 95.70 -  
                   
 
 
 
 
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