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Market Commentary


 
Today's Coupons
 
  10-Year Notes   100-21.75 (+02.25) 1.925%  
  FN 3.5% Coupon   104-30 (+02.50)  
  Support   2.40%  
 
  Resistance   1.62%  
 
 
 
 
 
Today's Blurb Monday, March 23, 2015
 
 
     This week we get data on Home Sales and Prices, Consumer Prices, Manufacturing, Durable Goods Orders, Personal Consumption, and GDP for the fourth quarter of 2014. Existing Home Sales fell in January by -4.9% to an annual rate of 4.82 Millions. The decline marked the lowest annual rate since April 2014. Expectations for February Home Sales are for a +1.7% gain to an annual rate of 4.90 Millions. Last week treasuries rallied following the release of the FOMC statement and Fed’s negatively revised “dot plot” projections, and today they are holding firm with yield on the 10-Year persistently below the 2% mark; currently the 10-Year yield is hovering around 1.925%. The curve has bull flattened with 2s10s down -0.1 bps.
 
 
   
 
This Week's Events
 
 
  DATE EVENT TIME(PT) PERIOD SURVEY ACTUAL PRIOR REVISED  
  03/23 Existing Home Sales 07:00 Mar 4.90 MM 4.88 MM 4.82 MM -  
                   
  03/23 Existing Home Sales MoM 07:00 Feb 1.70% 1.20% -4.90% -  
                   
  03/24 CPI MoM 05:30 Feb 0.20% - -0.70% -  
                   
  03/24 CPI YoY 05:30 Feb -0.10% - -0.10% -  
                   
  03/24 FHFA House Price Index MoM 06:00 Jan 0.60% - 0.80% -  
                   
  03/24 Markit US Manufacturing PMI 06:45 Mar P 54.60 - 55.10 -  
                   
  03/24 New Home Sales 07:00 Feb 465K - 481K -  
                   
  03/24 New Home Sales MoM 07:00 Feb -3.30% - -0.20% -  
                   
  03/25 MBA Mortgage Applications 04:00 Mar 20 - - -3.90% -  
                   
  03/25 Durable Goods Orders 05:30 Feb 0.20% - 2.80% -  
                   
  03/26 Jobless Claims 05:30 Mar 21 290K - 291K -  
                   
  03/26 Continuing Claims 05:30 Mar 14 2400K - 2417K -  
                   
  03/26 Markit US Composite PMI 06:45 Mar P - - 57.20 -  
                   
  03/26 Markit US Services PMI 06:45 Mar P 57.00 - 57.10 -  
                   
  03/27 GDP Annualized QoQ 05:30 4Q T 2.40% - 2.20% -  
                   
  03/27 Personal Consumption 05:30 4Q T 4.40% - 4.20% -  
                   
 
 
 
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