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Market Commentary


 
Today's Coupons
 
  10-Year Notes   100-15 (-08.5) 1.947%  
 
  FN 3.5% Coupon   105-03.5 (-01.5)  
 
  Support   2.400%  
 
  Resistance   1.620%  
 
 
 
 
Today's Blurb Monday, April 27, 2015
 
 
     We have a wide range of data this week with the focus on the first Quarter Advanced GDP Estimate and the FOMC rate announcement. Consumption was sluggish in the first quarter and commodity price weakness dragged down Business Investment/Inventory growth which may result in a softer GDP estimate. In addition to GDP and the FOMC announcement, we will get data on: Home Prices, Home Sales, Personal Income, Manufacturing, and Construction Spending. This morning Treasuries are opening near Friday‚Äôs 2:00 PM close levels, with yield on the 10-Year note hovering above 1.90%, and the curve has bull flattened with 2s10s down -0.8 bps.
 
 
   
 
This Week's Events
 
 
  DATE EVENT TIME(PT) PERIOD SURVEY ACTUAL PRIOR REVISED  
  04/27 No Data - - - - - -  
                   
  04/28 S&P/Case-Shiller US HPI MoM 06:00 Feb - - 0.57% -  
                   
  04/28 S&P/Case-Shiller US HPI YoY 06:00 Feb - - 4.47% -  
                   
  04/29 MBA Mortgage Applications 04:00 Apr 24 - - 2.30% -  
                   
  04/29 GDP Annualized QoQ 05:30 1Q A 1.00% - 2.20% -  
                   
  04/29 Pending Home Sales MoM 07:00 Mar 1.20% - 3.10% -  
                   
  04/29 FOMC Rate Decision 11:00 Apr 29 0.25% - 0.25% -  
                   
  04/30 Initial Jobless Claims 05:30 Apr 25 290K - 295K -  
                   
  04/30 Continuing Claims 05:30 Apr 18 2283K - 2325K -  
                   
  04/30 Personal Income 05:30 Mar 0.20% - 0.40% -  
                   
  04/30 Personal Spending 05:30 Mar 0.50% - 0.10% -  
                   
  04/30 Chicago PMI 06:45 Apr 50.0 - 46.30 -  
                   
  05/01 Markit US Manufacturing PMI 06:45 Apr F 54.20 - 54.20 -  
                   
  05/01 Construction Spending MoM 07:00 Mar 0.40% - -0.10% -  
                   
  05/01 ISM Manufacturing 07:00 Apr 52.00 - 51.50 -  
                   
 
 
 
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