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Market Commentary


 
Today's Coupons
 
  10-Year Notes   98-17.5 (-03) 1.788%  
 
  FN 3.5% Coupon   104-27 (00)  
 
  Support   2.050%  
 
  Resistance   1.700%  
 
 
 
 
Today's Blurb Thursday, May 5, 2016
 
 
         Initial Jobless Claims rose 17K to 274K last week from an unrevised 257K prior to mark the 61st consecutive week of claims below 300K. The 4-week moving average fell to 258K from 256K. Continuing claims fell 8K to 2121K from 2129K in the prior week. Tomorrow Nonfarm Payrolls is expected to show 200K added jobs with a 0.10% decline in the unemployment rate. Treasuries persist just below yesterday's market close and the curve has slightly steepened with 2s10s up 0.1 bp.
 
 
   
 
   
 
This Week's Events
 
 
  DATE EVENT TIME(PT) PERIOD SURVEY ACTUAL PRIOR REVISED  
  05/02 Markit US Manufacturing PMI06:45 Apr F 50.80 50.80 50.80 -  
                   
  05/02ISM Manufacturing07:00 Apr 51.40 50.80 51.80 -  
                   
  05/02Construction Spending MoM07:00 Mar 0.50% 0.30% -0.50%1.00%  
                   
  05/03ISM New York06:45 Apr - 57.00 50.40 -  
                   
  05/04MBA Mortgage Applications04:00 29 Apr - -3.40% -4.10% -  
                   
  05/04ADP Employment Change05:15 Apr 195K 156K 200K 194K  
                   
  05/04 Trade Balance05:30 Mar -$41.20 B -$40.40 B -$47.10 B -$47.00 B  
                   
  05/04Nonfarm Productivity05:30 1Q P-1.30%-1.00%   -2.20%-1.70%  
                   
  05/04 Markit US Services PMI06:45 Apr F 52.10 52.80 52.10 -  
                   
  05/04 Markit US Composite PMI06:45 Apr F  - 52.40 51.70 -  
                   
  05/04Factory Orders07:00 Mar  0.60%1.10% -1.70%-1.90%  
                   
  05/04Durable Goods Orders07:00 Mar F  0.80%0.80%   0.80% -  
                   
  05/04Durables Ex Transportation07:00 Mar F-0.10%-0.20% -0.20% -  
                   
  05/05Challenger Job Cuts YoY04:30 Apr -  5.80%   31.70% -  
                   
  05/05 Initial Jobless Claims05:30 30 Apr 260K 274K 257K -  
                   
  05/05Continuing Claims05:30 23 Apr 2128K 2121K 2130K 2129K  
                   
  05/05Bloomberg Consumer Comfort06:45 1 May - 42.00 43.40 -  
                   
  05/06 Change in Nonfarm Payrolls05:30 Apr 200K - 215K -  
                   
  05/06Unemployment Rate05:30 Apr  4.90% -  5.00% -  
                   
  05/06 Average Hourly Earnings MoM05:30 Apr  0.30% -   0.30% -  
                   
  05/06 Average Hourly Earnings YoY05:30 Apr  2.40% -   2.30% -  
                   
  05/06 Labor Force Participation Rate05:30 Apr 63.00% -   63.00% -  
                   
  05/06 Underemployment Rate05:30 Apr - -   9.80% -  
                   
 
 
 
 
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