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Market Commentary


 
Today's Coupons
 
  10-Year Notes   99-00 (+05)  
 
  FN 3.5% Coupon   102-16 (+02.5)  
 
  Support   2.286%  
 
  Resistance   2.429%  
 
 
 
 
Monday, April 10, 2017
 
 
Treasuries are modestly higher across the curve this morning from previous close as investors weigh looming security risks; the dollar has edged higher, and oil prices have also climbed. The UST 10-Year yield is currently at 2.370% after closing at 2.382% prior.

The demand for haven assets has been supported by geopolitics and events taking place outside of the United States. Treasuries have rallied due to the growing concerns over the French elections, along with the rising global tension over Syria and North Korea.

There are no significant data on today's economic calendar. At 10:00 AM (PT), Treasury will auction $24 Billion new 3-Year notes. At 1:00 PM (PT), Fed Chair Yellen will speak at the University of Michigan. The remainder of the week consists of Tuesday's NFIB Small Business Optimism, Wednesday's Import Price Index, Thursday's PPI Ex Food and Energy, and Friday's Retail Sales and CPI inflation reports.

The curve has bull-flattened with the UST 10-Year down 1.2 bps from prior closing.
 
 
   
 
   
 
This Week's Events
 
 
  DATE EVENT TIME(PT) PERIOD SURVEY ACTUAL PRIOR REVISED  
  04/10 Labor Market Conditions Index Change 07:00 Mar 0.80 0.40 1.30 1.50  
                   
  04/11 NFIB Small Business Optimism 03:00 Mar 104.70 - 105.30 -  
                   
  04/11 JOLTS Job Openings 07:00 Feb 5663 - 5626 -  
                   
  04/12 MBA Mortgage Applications 04:00 7 Apr - - -1.60% -  
                   
  04/12 Import Price Index MoM 05:30 Mar -0.20% - 0.20% -  
                   
  04/12 Import Price Index YoY 05:30 Mar 3.90% - 4.60% -  
                   
  04/13 PPI Final Demand MoM 05:30 Mar 0.00% - 0.30%    
                   
  04/13 PPI Final Demand YoY 05:30 Mar 2.40% - 2.20% -  
                   
  04/13 Initial Jobless Claims 05:30 8 Apr 245 K - 234 K -  
                   
  04/13 Continuing Claims 05:30 1 Apr 2024 K - 2028 K -  
                   
  04/13 Bloomberg Consumer Comfort 06:45 9 Apr - - 50.20 -  
                   
  04/13 U. of Mich. Sentiment 07:00 Apr P 96.60 - 96.90 -  
                   
  04/14 CPI MoM 05:30 Mar 0.00% - 0.10% -  
                   
  04/14 CPI YoY 05:30 Mar 2.60% - 2.70% -  
                   
  04/14 Retail Sales Advance MoM 05:30 Mar -0.10% - 0.10% -  
                   
  04/14 Business Inventories 07:00 Feb 0.30% - 0.30% -  
                   
 
 
 
 
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