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Market Commentary


 
Today's Coupons
 
  10-Year Notes   98-03 (+07.5) 2.218%  
 
  FN 3.5% Coupon   104-03 (+02.5)  
 
  Support   2.400%  
 
  Resistance   1.620%  
 
 
 
 
Today's Blurb Thursday, May 07, 2015
 
 
     Fewer Americans filed for unemployment than anticipated last week with Jobless Claims at 265K vs. 262K prior (consensus 278K). This is the ninth straight week that the claims data has posted below 300K. Last week was the lowest claims level since April 15th, 2000 and this week is a close second at only +3K higher. The four week average for Jobless Claims fell to 279,500 from 283,750, the lowest level since May 2000. Continuing Claims fell by -28K to 2.228 MM from 2.256 MM in the week prior. The Claims data continues to suggest labor market tightening and improved prospects for unemployment. Tomorrow we get Nonfarm Payrolls. Treasury yields rose slightly on the claims news, and are just below yesterday’s close levels.
 
 
   
 
This Week's Events
 
 
  DATE EVENT TIME(PT) PERIOD SURVEY ACTUAL PRIOR REVISED  
  05/04 Factory Orders 07:00 Mar 2.00% 2.10% 0.20% -0.10%  
                   
  05/05 Trade Balance 05:30 Mar -$41.70 Bn -$51.40 Bn -$35.40 Bn -$35.90 Bn  
                   
  05/05 Markit US Composite PMI 06:45 Apr F - 57.00 57.40 -  
                   
  05/05 Markit US Services PMI 06:45 Apr F 57.80 57.40 57.80 -  
                   
  05/06 MBA Mortgage Applications 04:00 May 1 - -4.60% -2.30% -  
                   
  05/06 ADP Employment Change 05:15 Apr 200K 169K 189K 175K  
                   
  05/07 Initial Jobless Claims 05:30 May 2 278K 265K 262K -  
                   
  05/07 Continuing Claims 05:30 Apr 25 2270K 2228K 2253K 2256K  
                   
  05/08 Nonfarm Payrolls 05:30 Apr 230K - 126K -  
                   
  05/08 Unemployment Rate 05:30 Apr 5.40% - 5.50% -  
                   
  05/08 Labor Force Participation Rate 05:30 Apr - - 62.70% -  
                   
  05/08 Wholesale Inventories MoM 07:00 Mar 0.30% - 0.30% -  
                   
  05/08 Wholesale Trade Sales MoM 07:00 Mar 0.50% - -0.20% -  
                   
 
 
 
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