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Market Commentary

Market Commentary

March 09, 2015
10-YEAR NOTES   98-06 (+11)
FN 3.5% COUPON   104-05.5 (+07)
SUPPORT   2.40%
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     We have a light calendar this week with data on Wholesale Trade/Inventories, Import and Export Prices, and Producer Price Index. There is nothing to note on the calendar for today. Last week payrolls surprised the market with a higher than expected number of new jobs, and a lower than expected unemployment number. With last week's strong employment report the focus will be on Friday's PPI data to show inflation gains. Treasuries are bouncing off Friday's lows and the curve has bull flattened with 2s10s down -1.9 bps.
This Week's Events:
03/09 No Data - - - - - -
03/10 Wholesale Inventories MoM 07:00 January -0.1% - 0.1% -
03/10 Wholesale Trade Sales MoM 07:00 January -0.5% - -0.4% -
03/11 MBA Mortgage Applications 04:00 March 6 - - 0.1% -
03/12 Retail Sales Advance MoM 05:30 February 0.3% - -0.8% -
03/12 Jobless Claims 05:30 March 7 305K - 320K -
03/12 Continuing Claims 05:30 February 28 2400K - 2421K -
03/12 Import Price Index MoM 05:30 February 0.2% - -2.8% -
03/12 Import Price Index YoY 05:30 February -8.9% - -8.0% -
03/13 PPI Final Demand MoM 05:30 February 0.3% - -0.8% -
03/13 PPI Final Demand YoY 05:30 February 0.0% - 0.0% -
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