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Market Commentary


 
Today's Coupons
 
  10-Year Notes   98-12.5 (-07)  
 
  FN 3.5% Coupon   99-09 (-05)  
 
  Support   2.950%  
 
  Resistance   2.719%  
 
 
 
 
Friday, April 20, 2018
 
 
Treasuries are lower than yesterday at the opening of today’s session. The yield on the UST 10-Year is currently at 2.940% after closing at 2.911% during the prior session.

The price on the 10-Year note continued lower at the opening of the session and following initial trading activity the yield reached levels just below this year’s peak yield. There are no clear signs for today’s price movement as risk assets also moved into the red in early trading.    

There are no indicators releases scheduled for today. The economic calendar will resume on Monday with the Markit Manufacturing and Services Index, Home Sales and the Chicago Fed National Activity Index.  

The President of the Chicago Federal Reserve - Charles Evans - is scheduled to discuss monetary policy and the economy today at a Graaskamp Center Spring Board Conference in Chicago.

The curve has bear-steepened with the UST 10-Year yield up 2.9 bps from prior closing.

Have A Wonderful Weekend!
 
 
   
 
   
 
This Week's Events
 
 
  DATE EVENT TIME(PT) PERIOD SURVEY ACTUAL PRIOR REVISED  
  04/16 Empire Manufacturing 05:30 Apr 18.40 15.80 22.50 -  
                   
  04/16 Retail Sales Advance MoM 05:30 Mar 0.40% 0.60% -0.10% -  
                   
  04/16 Business Inventories 07:00 Feb 0.60% 0.60% 0.60% -  
                   
  04/16 NAHB Housing Market Index 07:00 Apr 70.00 69.00 70.00 -  
                   
  04/16 Total Net TIC Flows 13:00 Feb - $44.70b $119.70b $122.60b  
                   
  04/16 Net Long-term TIC Flows 13:00 Feb - $49.00b $62.10b $61.40b  
                   
  04/17 Housing Starts 05:30 Mar 1267k 1319k 1236k 1295k  
                   
  04/17 Housing Starts MoM 05:30 Mar 2.50% 1.90% -7.00% -3.30%  
                   
  04/17 Building Permits 05:30 Mar 1321k 1354k 1298k 1321k  
                   
  04/17 Building Permits MoM 05:30 Mar 0.00% 2.50% -5.70% -4.10%  
                   
  04/17 Industrial Production MoM 06:15 Mar 0.30% 0.50% 1.10% 1.00%  
                   
  04/17 Capacity Utilization 06:15 Mar 77.90% 78.00% 78.10% 77.70%  
                   
  04/18 MBA Mortgage Applications 04:00 13 Apr - 4.90% -1.90% -  
                   
  04/18 U.S. Federal Reserve Releases Beige Book 11:00 - - - - -  
                   
  04/19 Initial Jobless Claims 05:30 14 Apr 230k 232k 233k -  
                   
  04/19 Continuing Claims 05:30 7 Apr 1845k 1863k 1871k 1878k  
                   
  04/19 Philadelphia Fed Business Outlook 05:30 Apr 21.00 23.20 22.30 -  
                   
  04/19 Bloomberg Consumer Comfort 06:45 15 Apr - 58.10 58.00 -  
                   
  04/19 Leading Index 07:00 Mar 0.30% 0.30% 0.60% 0.70%  
                   
  04/20 No Data - - - - - -  
                   
 
 
 
 
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