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Market Commentary


 
Today's Coupons
 
  10-Year Notes   97-18.5 (+01.5) 1.895%  
 
  FN 3.5% Coupon   104-10.5 (+02)  
 
  Support   2.140%  
 
  Resistance   1.720%  
 
 
 
 
Today's Blurb Monday, March 28, 2016
 
 
        This week we have a busy calendar with data on trade, consumer spending, home sales/ prices, and the payroll data for March. The Trade Balance was -$62.864 Billion in February following a revised -$62.398 Billion prior. Exports of goods were $118.700 Billion, and Imports of goods were $181.600 Billion. Consumer Spending edged up 0.10% in February with a downward revision in January from 0.50% to 0.10%, Incomes rose 0.20% in February (consensus +0.10%) following a 0.50% advance in January, and the savings rate notched up to 5.40%. In the core, PCE rose 0.10% in Feb (consensus +0.20), and 1.70% YoY. Pending Home Sales advanced more than anticipated, up 3.50% (consensus +1.20%) following a downward revision in January form -2.50% to -3.00%, and are up 5.10% YoY. Treasuries are slightly higher following this morning’s data dump and the curve has steepened with 2s10s up 0.4 bp.
 
 
   
 
   
 
This Week's Events
 
 
  DATE EVENT TIME(PT) PERIOD SURVEY ACTUAL PRIOR REVISED  
  03/28 Advance Goods Trade Balance 05:30 Feb -$62.200 B   -$62.864 B -$62.228 B -$62.398 B  
                   
  03/28 Personal Income 05:30 Feb  0.10%  0.20%   0.50%  -  
                   
  03/28 Personal Spending 05:30 Feb  0.10%  0.10%   0.50%    0.10%  
                   
  03/28 PCE Deflator MoM 05:30 Feb -0.10% -0.10% 0.10% -  
                   
  03/28 PCE Deflator YoY 05:30 Feb 1.00% 1.00% 1.30% 1.20%  
                   
  03/28 PCE Core MoM 05:30 Feb 0.20% 0.10% 0.30% -  
                   
  03/28 PCE Core YoY 05:30 Feb 1.80% 1.70% 1.70% -  
                   
  03/28 Dallas Fed Manf. Activity 07:30 Mar -25.80 -13.60 -31.80 -  
                   
  03/29 S&P/Case-Shiller US HPI MoM SA 06:00 Jan - -   0.78% -  
                   
  03/29 S&P/Case-Shiller US HPI YoY NSA 06:00 Jan - -   5.43% -  
                   
  03/29 Consumer Confidence Index 07:00 Mar 94.00 - 92.20 -  
                   
  03/30 MBA Mortgage Applications 04:00 25 Mar  - - -3.30% -  
                   
  03/30 ADP Employment Change 05:15 Mar  - - - -  
                   
  03/31 Challenger Job Cuts YoY 04:30 Mar  -  -  -  -  
                   
  03/31 Initial Jobless Claims 05:30 26 Mar - - - -  
                   
  03/31 Continuing Claims 05:30 19 Mar - - - -  
                   
  03/31 ISM Milwaukee 06:00 Mar  - -  - -  
                   
  03/31 Bloomberg Consumer Comfort 06:45 27 Mar  - -  - -  
                   
  04/01 Change in Nonfarm Payrolls 05:30 Mar 205K -  242K -  
                   
  04/01 Unemployment Rate 05:30 Mar     4.90% - 4.90% -  
                   
  04/01 Average Hourly Earnings MoM 05:30 Mar    0.20% - -0.10% -  
                   
  04/01 Average Hourly Earnings YoY 05:30 Mar    2.20% -  2.20% -  
                   
  04/01 Markit US Manufacturing PMI 06:45 Mar F 51.50 -  51.40 -  
                   
  04/01 ISM Manufacturing 07:00 Mar 50.80 -  49.50 -  
                   
  04/01 Construction Spending MoM 07:00 Feb    0.10% -   1.50% -  
                   
  04/01 U. of Mich. Sentiment 07:00 Mar F 90.50 -  90.00 -  
                   
 
 
 
 
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