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Market Commentary


 
Today's Coupons
 
  10-Year Notes   98-19 (+10.5)  
 
  FN 3.5% Coupon   102-09 (+04.5)  
 
  Support   2.522%  
 
  Resistance   2.324%  
 
 
 
 
Friday, February 17, 2017
 
 
The UST 10-Year yield is at 2.408% this morning after closing at 2.448% yesterday.

This morning, U.S. Treasuries continue to rally and the dollar continues to recover, with the DXY index up 0.15% to 100.65. In commodities, WTI crude oil prices are down 28 cents, to $53.16 a barrel.

After a plethora of economic data yesterday, only one print was released this morning, the Leading Index (formerly known as the “leading economic indicator index”) a gauge used to predict the U.S. economic growth for the upcoming 6-months. The index measures a multitude of indicators such as the average initial unemployment claims, manufactures' new orders, building permits, and housing starts. The index rose 0.60% in January to 125.50, following a 0.50% increase in December and a 0.20% increase in November; indicating that the economy is strengthening at an accelerated pace.

The curve has bull-flattened with the UST 10-Year 4 bps down from prior closing.

Have A Fantastic Weekend!
 
 
   
 
   
 
This Week's Events
 
 
  DATE EVENT TIME(PT) PERIOD SURVEY ACTUAL PRIOR REVISED  
  02/13 No Data - - - - - -  
                   
  02/14 NFIB Small Business Optimism 03:00 Jan 105.00 105.90 105.80 -  
                   
  02/14 PPI Final Demand MoM 05:30 Jan 0.30% 0.60% 0.30% 0.20%  
                   
  02/14 PPI Final Demand YoY 05:30 Jan 1.50% 1.60% 1.60% -  
                   
  02/15 MBA Mortgage Applications 04:00 10 Feb - -3.70% 2.30% -  
                   
  02/15 Empire Manufacturing 05:30 Feb 7.00 18.70 6.50 -  
                   
  02/15 CPI MoM 05:30 Jan 0.30% 0.60% 0.30% -  
                   
  02/15 CPI YoY 05:30 Jan 2.40% 2.50% 2.10% -  
                   
  02/15 Retail Sales Advance MoM 05:30 Jan 0.10% 0.40% 0.60% 1.00%  
                   
  02/15 Industrial Production MoM 06:15 Jan 0.00% -0.30% 0.80% 0.60%  
                   
  02/15 Capacity Utilization 06:15 Jan 75.40% 75.30% 75.50% 75.60%  
                   
  02/15 NAHB Housing Market Index 07:00 Feb 67.00 65.00 67.00 -  
                   
  02/15 Business Inventories 07:00 Dec 0.40% 0.40% 0.70% 0.80%  
                   
  02/15 Total Net TIC Flows 13:00 Dec - -$42.80 B $23.70 B $30.20 B  
                   
  02/16 Housing Starts 05:30 Jan 1226K 1246K 1226K 1279K  
                   
  02/16 Housing Starts MoM 05:30 Jan 0.00% -2.60% 11.30% -  
                   
  02/16 Building Permits 05:30 Jan 1230K 1285K 1210K 1228K  
                   
  02/16 Building Permits MoM 05:30 Jan 0.20% 4.60% -0.20% 1.30%  
                   
  02/16 Initial Jobless Claims 05:30 11 Feb 245K 239K 234K -  
                   
  02/16 Continuing Claims 05:30 4 Feb 2050K 2076K 2078K 2079K  
                   
  02/16 Philadelphia Fed Business Outlook 05:30 Feb 18.00 43.30 23.60 -  
                   
  02/16 Bloomberg Consumer Comfort 06:45 12 Feb - 48.10 47.20 -  
                   
  02/17 Leading Index 07:00 Jan 0.50% 0.60% 0.50% -  
                   
 
 
 
 
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