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Market Commentary


 
Today's Coupons
 
  10-Year Notes   97-13 (-0.5) 1.916%  
 
  FN 3.5% Coupon   104-14 (+01)  
 
  Support   2.050%  
 
  Resistance   1.700%  
 
 
 
 
Today's Blurb Tuesday, April 26, 2016
 
 
          Durable Goods Orders rose less than forecast in March, up 0.80% (consensus +1.90%) with a downward revision in February from -3.00% to -3.10%. Excluding Transportation, March Durables fell 0.20% (consensus+ 0.50%) vs. -1.30% prior. Overall shipments fell 0.50% (+0.20% ex-transportation), unfilled orders fell 0.10% (-0.50% for non defense capital goods ex-aircraft), and inventories were unchanged. The Case-Shiller 20-City Home Composite Price Index increased 0.66% in February (consensus +0.80%), for an annual increase of 5.38% (consensus +5.50%) vs. +5.70% in January. The Markit US Services PMI rose to 52.10 (consensus 52.00) from 51.30 prior and US Composite PMI rose to 51.70 from 51.30 prior. Treasuries are lower this morning following the data and ahead of tomorrow's FOMC rate decision.
 
 
   
 
   
 
This Week's Events
 
 
  DATE EVENT TIME(PT) PERIOD SURVEY ACTUAL PRIOR REVISED  
  04/25 New Home Sales 07:00 Mar 520K 511K 512K 519K  
                   
  04/25 New Home Sales MoM 07:00 Mar  1.60% -1.50% 2.00% -0.40%  
                   
  04/25 Dallas Fed Manf. Activity 07:30 Apr -10.00 -13.90 -13.60 -  
                   
  04/26 Durable Goods Orders 05:30 Mar P   1.90% 0.80%  -3.00% -3.10%  
                   
  04/26 Durables Ex Transportation 05:30 Mar P  0.50% -0.20%  -1.30% -  
                   
  04/26 S&P/Case-Shiller US HPI MoM SA 06:00 Feb - 0.41% 0.52% 0.47%  
                   
  04/26 S&P/Case-Shiller US HPI YoY NSA 06:00 Feb - 5.29% 5.43% 5.34%  
                   
  04/26 Markit US Services PMI 06:45 Apr P 52.00 52.10 51.30 -  
                   
  04/26 Markit US Composite PMI 06:45 Apr P - 51.70 51.30 -  
                   
  04/26 Consumer Confidence Index 07:00 Apr 95.80 94.20 96.20 96.10  
                   
  04/26 Richmond Fed Manufact. Index 07:00 Apr 12.00 14.00 22.00 -  
                   
  04/27 MBA Mortgage Applications 04:00 22 Apr  - - 1.30% -  
                   
  04/27 Pending Home Sales MoM 07:00 Mar 0.50% - 3.50% -  
                   
  04/27 FOMC Rate Decision (Upper Bound) 11:00 27 Apr 0.50% - 0.50% -  
                   
  04/27 FOMC Rate Decision (Lower Bound) 11:00 27 Apr 0.25% - 0.25% -  
                   
  04/28 Initial Jobless Claims 05:30 23 Apr - - - -  
                   
  04/28 GDP Annualized QoQ 05:30 1Q A - - 1.40% -  
                   
  04/28 Continuing Claims 05:30 16 Apr - - - -  
                   
  04/28 Personal Consumption 05:30 1Q A - - 2.40% -  
                   
  04/28 GDP Price Index 05:30 1Q A - - 0.90% -  
                   
  04/28 Bloomberg Consumer Comfort 06:45 24 Apr - - - -  
                   
  04/28 Kansas City Fed Manf. Activity 08:00 Apr - - -6.00 -  
                   
  04/29 PCE Deflator MoM 05:30 Mar - - - -  
                   
  04/29 PCE Deflator YoY 05:30 Mar - - - -  
                   
  04/29 PCE Core MoM 05:30 Mar - -  - -  
                   
  04/29 PCE Core YoY 05:30 Mar - - - -  
                   
  04/29 ISM Milwaukee 06:00 Apr - -   - -  
                   
  04/29 U. of Mich. Sentiment 07:00 Apr F - - - -  
                   
 
 
 
 
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