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Market Commentary


 
Today's Coupons
 
  10-Year Notes   99-04.5(+09.5) 1.719%  
 
  FN 3.5% Coupon   104-25 (+04)  
 
  Support   2.160%  
 
  Resistance   1.720%  
 
 
 
 
Today's Blurb Thursday, February 25, 2016
 
 
          Initial Jobless Claims rose by 10K last week to 272K (consensus 270K) from an unrevised 262K the week prior, to mark the 51st consecutive week of Jobless Claims below 300K. The four-week moving average for Initial Jobless Claims fell from 273,250 to 272,000. Continuing Claims fell by 19K to 2253K (consensus 2253K) from a downwardly revised 2272K prior. Durable Goods Orders rebounded in January, up 4.90% (consensus +2.90%), with an upward revision in December from -5.00% to -4.60%. Excluding Transportation, Durable Goods rose 1.80% (consensus +0.30%) with an upward revision in December from -1.00% to -0.70%. According to the FHFA, home prices rose by 0.40% in December with an upward revision in November from 0.50% to 0.60%. Treasuries are up this morning following the data release, and the curve has flattened with 2s10s down 0.2 bp.
 
 
   
 
   
 
This Week's Events
 
 
  DATE EVENT TIME(PT) PERIOD SURVEY ACTUAL PRIOR REVISED  
  02/22 Chicago Fed Nat Activity Index 05:30 Jan   -0.05 0.28 -0.22 -0.34  
                   
  02/22 Markit US Manufacturing PMI 06:45 Feb P    52.40   51.00  52.40 -  
                   
  02/23 S&P/Case-Shiller US HPI MoM 06:00 Dec -   0.78%   0.87%   0.83%  
                   
  02/23 S&P/Case-Shiller US HPI YoY 06:00 Dec -   5.43%   5.35%   5.22%  
                   
  02/23 Consumer Confidence Index 07:00 Feb 97.20 92.20 98.10 97.80  
                   
  02/23 Richmond Fed Manufact. Index 07:00 Feb 2.00 -4.00 2.00 -  
                   
  02/23 Existing Home Sales 07:00 Jan 5.33 M 5.47 M 5.46 M 5.45 M  
                   
  02/23 Existing Home Sales MoM 07:00 Jan -2.50%   0.40%    14.70% 12.10%  
                   
  02/24 MBA Mortgage Applications 04:00 19 Feb - -4.30%     8.20% -  
                   
  02/24 Markit US Services PMI 06:45 Feb P 53.50 49.80  53.20 -  
                   
  02/24 Markit US Composite PMI 06:45 Feb P  - 50.10  53.20 -  
                   
  02/24 New Home Sales 07:00 Jan 520K 494K 544K -  
                   
  02/24 New Home Sales MoM 07:00 Jan   -4.40% -9.20%   10.80% 8.20%  
                   
  02/25 Initial Jobless Claims 05:30 20 Feb   270K  272K 262K -  
                   
  02/25 Continuing Claims 05:30 13 Feb   2253K 2253K 2273K 2272K  
                   
  02/25 Durable Goods Orders 05:30 Jan P   2.90% 4.90% -5.00% -4.60%  
                   
  02/25 FHFA House Price Index MoM 06:00 Dec  0.50%  0.40%  0.50%  0.60%  
                   
  02/25 Bloomberg Consumer Comfort 06:45 21 Feb  - 44.20  44.30 -  
                   
  02/25 Kansas City Fed Manufact. Index 08:00 Feb  -6.00 - -9.00 -  
                   
  02/26 GDP Annualized QoQ 05:30 4Q S  0.40% -   0.70% -  
                   
  02/26 Personal Consumption 05:30 4Q S 2.20% -   2.20% -  
                   
  02/26 GDP Price Index 05:30 4Q S 0.80% -   0.80% -  
                   
  02/26 Personal Spending 07:00 Jan  0.30% -    0.00% -  
                   
  02/26 Personal Income 07:00 Jan  0.40% -    0.30% -  
                   
  02/26 U. of Mich. Sentiment 07:00 Feb F - - - -  
                   
  02/26 PCE Deflator MoM 07:00 Jan  0.00% -   -0.10% -  
                   
  02/26  PCE Deflator YoY 07:00 Jan   -  -   - -  
                   
  02/26 PCE Core MoM 07:00 Jan  -  -   - -  
                   
  02/26 PCE Core YoY 07:00 Jan   - -  - -  
                   
 
 
 
 
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