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Market Commentary


 
Today's Coupons
 
  10-Year Notes   99-23 (-13.5)  
 
  FN 3.5% Coupon   99-31.5 (-06.5)  
 
  Support   2.950%  
 
  Resistance   2.719%  
 
 
 
 
Tuesday, April 03, 2018
 
 
Treasuries are lower than yesterday at the opening of today’s session. The yield on the UST 10-Year is currently at 2.767% after closing at 2.731% during the prior session.

The economic calendar for today will feature the Wards Domestic Vehicle Sales and Wards Total Vehicle Sales later in the day. It will continue tomorrow with MBA Mortgage Applications, ADP Employment, Factory Orders and Markit Services PMI. Later in the week we will receive news on Challenger Job Cuts, Initial and Continuing Jobless Claims, Trade Balance and Non-Farm Payrolls.  

Today, Minneapolis Fed President Kashkari speaks at a regional economic forum in Minnesota; while Fed Governor Brainard speaks on financial stability at NYU.

The curve has bear-steepened with the UST 10-Year yield up 3.6 bps from prior closing.
 
 
   
 
   
 
This Week's Events
 
 
  DATE EVENT TIME(PT) PERIOD SURVEY ACTUAL PRIOR REVISED  
  04/02 Markit US Manufacturing PMI 06:45 Mar F 55.70 55.60 55.70 -  
                   
  04/02 Construction Spending MoM 07:00 Feb 0.40% 0.10% 0.00% -  
                   
  04/02 ISM Manufacturing 07:00 Mar 59.60 59.30 60.80 -  
                   
  04/02 ISM Prices Paid 07:00 Mar 72.50 78.10 74.20 -  
                   
  04/03 No Data - - - - - -  
                   
  04/04 MBA Mortgage Applications 04:00 30 Mar - - 4.80% -  
                   
  04/04 ADP Employment Change 05:15 Mar 210k - 235k -  
                   
  04/04 Markit US Services PMI 06:45 Mar F 54.20 - 54.10 -  
                   
  04/04 Markit US Composite PMI 06:45 Mar F - - 54.30 -  
                   
  04/04 Factory Orders 07:00 Feb 1.70% - -1.40% -  
                   
  04/04 Durable Goods Orders 07:00 Feb F - - 3.10% -  
                   
  04/04 Durables Ex Transportation 07:00 Feb F - - 1.20% -  
                   
  04/05 Challenger Job Cuts YoY 04:30 Mar - - -4.30% -  
                   
  04/05 Initial Jobless Claims 05:30 31 Mar 225k - 215k -  
                   
  04/05 Continuing Claims 05:30 24 Mar 1843k - 1871k -  
                   
  04/05 Trade Balance 05:30 Feb -$56.80b - -$56.60b -  
                   
  04/05 Bloomberg Consumer Comfort 06:45 1 Apr - - 56.80 -  
                   
  04/06 Change in Nonfarm Payrolls 05:30 Mar 185k - 313k -  
                   
  04/06 Unemployment Rate 05:30 Mar 4.00% - 4.10% -  
                   
  04/06 Average Hourly Earnings MoM 05:30 Mar 0.30% - 0.10% -  
                   
  04/06 Average Hourly Earnings YoY 05:30 Mar 2.70% - 2.60% -  
                   
  04/06 Labor Force Participation Rate 05:30 Mar - - 63.00% -  
                   
 
 
 
 
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