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Market Commentary


 
Today's Coupons
 
  10-Year Notes   97-31 (-08) 1.853%  
 
  FN 3.5% Coupon   104-23 (-01.5)  
 
  Support   2.050%  
 
  Resistance   1.700%  
 
 
 
 
Today's Blurb Friday, April 29, 2016
 
 
          Personal Income growth outpaced expectations in March, up 0.40% (consensus +0.30%) and February was revised down from +0.20% to +0.10%. Personal Spending slowed in March, down 0.10% to +0.10% vs. +0.20% prior. The savings rate rose to 5.40% from 5.10% in February (4.90% a year ago). Core PCE rose 0.10% in March vs. +0.20% prior, and the YoY value declined 0.10% from 1.70% to 1.60%. Treasuries are down today following the data release and the curve has steepened with 2s10s up 1.2 bps.
Have A Fabulous Weekend!
 
 
   
 
   
 
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  - -4.10% 1.30% -  
                   
  04/27 Pending Home Sales MoM 07:00 Mar 0.50% 1.40% 3.50% 3.40%  
                   
  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 259K 257K 247K 248K  
                   
  04/28 GDP Annualized QoQ 05:30 1Q A 0.70%    0.50% 1.40% -  
                   
  04/28 Continuing Claims 05:30 16 Apr 2136K 2130K 2137K 2135K  
                   
  04/28 Personal Consumption 05:30 1Q A 1.70% 1.90% 2.40% -  
                   
  04/28 GDP Price Index 05:30 1Q A 0.50%  0.70% 0.90% -  
                   
  04/28 Bloomberg Consumer Comfort 06:45 24 Apr - 43.40 42.90 -  
                   
  04/28 Kansas City Fed Manf. Activity 08:00 Apr - -4.00 -6.00 -  
                   
  04/29 PCE Deflator MoM 05:30 Mar 0.10% 0.10% -0.10% -  
                   
  04/29 PCE Deflator YoY 05:30 Mar 0.80% 0.80% 1.00% -  
                   
  04/29 PCE Core MoM 05:30 Mar 0.10% 0.10%  0.10% 0.20%  
                   
  04/29 PCE Core YoY 05:30 Mar 1.60% 1.60%  1.70% -  
                   
  04/29 ISM Milwaukee 06:00 Apr - 51.05   57.78 -  
                   
  04/29 U. of Mich. Sentiment 07:00 Apr F 90.00 89.00 89.70 -  
                   
 
 
 
 
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