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Market Commentary


 
Today's Coupons
 
  10-Year Notes   101-10.5 (-03) 1.853%  
 
  FN 3.5% Coupon   105-09.5 (-01.5)  
 
  Support   2.40%  
 
  Resistance   1.62%  
 
 
 
 
 
Today's Blurb Monday, April 06, 2015
 
 
     We have a light calendar this week with data on: Manufacturing, Minutes from the March 17-18 FOMC Meeting, Wholesale Inventories/Trade Sales, and Import Prices. The Markit U.S. Composite PMI rose to 59.2 vs. 58.5 prior in March and the Markit U.S. Services PMI followed suit, up +0.6 to 59.2 vs. 58.6 prior. Treasuries remain elevated after Friday‚Äôs rally following the disappointing Payrolls Reading which is keeping yields on the 10-Year note persistently below 1.90%. The curve has bear steepened with 2s10s up +1.3 bps.
 
 
   
 
This Week's Events
 
 
  DATE EVENT TIME(PT) PERIOD SURVEY ACTUAL PRIOR REVISED  
  04/06 Markit US Manufacturing PMI 06:45 Mar F - 59.20 58.50 -  
  04/06 Markit US Services PMI 06:45 Mar F 58.60 59.20 58.60 -  
  04/07 JOLTS Job Openings 07:00 Feb 5003 - 4998 -  
  04/08 MBA Mortgage Applications 04:00 Apr 3 - - 4.60% -  
  04/08 FOMC Minutes 11:00 Mar 17-18 - - - -  
  04/09 Initial Jobless Claims 05:30 Apr 4 284K - 268K -  
  04/09 Continuing Claims 05:30 Mar 28 2345K - 2325K -  
  04/09 Wholesale Inventories MoM 07:00 Feb 0.20% - 0.30% 0.20%  
  04/09 Wholesale Trade Sales MoM 07:00 Feb 0.30% - -3.10% -  
  04/10 Import Price Index MoM 05:30 Mar -0.40% - 0.40% -  
  04/10 Import Price Index YoY 05:30 Mar -10.20% - -9.40% -  
 
 
 
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