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Market Commentary


 
Today's Coupons
 
  10-Year Notes   98-25.5 (+09.5) 1.759%  
 
  FN 3.5% Coupon   104-27 (+02)  
 
  Support   2.050%  
 
  Resistance   1.700%  
 
 
 
 
Today's Blurb Friday, April 15, 2016
 
 
       Empire Manufacturing outpaced expectations in April, fueled by new orders which hit the highest level since September 2014. Empire Manufacturing posted 9.56 (consensus 2.00) following 0.62 in March. In the sub-indexes, New orders rose to 11.14 vs. 9.57 prior, shipments slipped to 10.17 vs. 13.88 prior, employment rose to 1.92 vs. -1.98 prior, unfilled orders rose to -0.96 vs. -3.96 prior, delivery time rose to 0.96 vs. -3.96 prior, and the prices paid index jumped to 19.23 vs. 2.97 (15 month high). Industrial Production fell 0.60% in March, following a downward revision in February from -0.50% to -0.60% and Capacity Utilization fell to 74.80% from a downwardly revised 75.30%. The manufacturing sector has been weighted down by a strong dollar, falling commodity prices and weak global economic growth. Treasuries are higher this morning and the curve has flattened with 2s10s down 1.1 bps.
Have A Great Weekend!
 
 
   
 
   
 
This Week's Events
 
 
  DATE EVENT TIME(PT) PERIOD SURVEY ACTUAL PRIOR REVISED  
  04/11 No Data - - - - - -  
                   
  04/12 Import Price Index MoM 05:30 Mar 1.00% 0.20% -0.30% -0.40%  
                   
  04/12 Import Price Index YoY 05:30 Mar -4.80% -6.20% -6.10% -6.50%  
                   
  04/12 Monthly Budget Statement 11:00 Mar -$104.00 B - -$52.90 B -  
                   
  04/13 MBA Mortgage Applications 04:00 8 Apr  - 10.00% 2.70% -  
                   
  04/13 Retail Sales Advance MoM 05:30 Mar 0.10% -0.30% -0.10% 0.00%  
                   
  04/13 PPI Final Demand MoM 05:30 Mar 0.20% -0.10% -0.20% -  
                   
  04/13 PPI Final Demand YoY 05:30 Mar 0.30% -0.10% 0.00% -  
                   
  04/13 Business Inventories 07:00 Feb -0.10% -0.10% 0.10% -0.10%  
                   
  04/13 U.S. Federal Reserve Releases Beige Book 11:00 -  - -   -  -  
                   
  04/14 Initial Jobless Claims 05:30 9 Apr 270K 253K 267K 266K  
                   
  04/14 Continuing Claims 05:30 2 Apr 2183K 2171K 2191K 2189K  
                   
  04/14 CPI MoM 05:30 Mar 0.20% 0.10% -0.20% -  
                   
  04/14 CPI YoY 05:30 Mar 1.00% 0.90%   1.00% -  
                   
  04/14 Real Avg Weekly Earnings YoY 05:30 Mar - 1.10%   0.60% 0.70%  
                   
  04/14 Bloomberg Consumer Comfort 06:45 10 Apr - 43.60 42.60 -  
                   
  04/15 Empire Manufacturing 05:30 Apr 2.00 9.56 0.62 -  
                   
  04/15 Industrial Production MoM 06:15 Mar -0.10% -0.60% -0.50% -0.60%  
                   
  04/15 Capacity Utilization 06:15 Mar   75.30% 74.80% 76.70% 75.30%  
                   
  04/15 U. of Mich. Sentiment 07:00 Apr P 92.00 89.70 91.00 -  
                   
 
 
 
 
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