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Market Commentary


 
Today's Coupons
 
  10-Year Notes   98-30 (+10.625) 2.244%  
 
  FN 3.5% Coupon   103-28 (+05.5)  
 
  Support   2.400%  
 
  Resistance   1.620%  
 
 
 
 
Today's Blurb Thursday, May 14, 2015
 
 
          The Producer Price Index for April posted weaker than expectations. The Index fell -0.4% vs. +0.2% prior (consensus +0.1%). Excluding Food and Energy PPI declined -0.2% vs. +0.2% prior (consensus +0.1%). Year-over-year the Index is down -1.3%, and excluding food and energy is up +0.8%. Initial Jobless Claims fell -1K to 264K vs. 265K prior (consensus 273K) for the 10th consecutive week posting below 300K. The claims level from 2 weeks ago was the lowest since April 15th, and this week's is only +2K higher. Continuing claims were unchanged at 2229K vs. 2229K (prior revised). Treasuries are off to a good start this morning following the soft PPI data release and the curve has bull flattened with 2s10s down -1.4 bps.
 
 
   
 
This Week's Events
 
 
  DATE EVENT TIME(PT) PERIOD SURVEY ACTUAL PRIOR REVISED  
  05/11 No Data - - - - - -  
                   
  05/12 No Data - - - - - -  
                   
  05/13 MBA Mortgage Applications 04:00 May 8 - -3.50% -4.60% -  
                   
  05/13 Retail Sales Advance MoM 05:30 Apr 0.20% 0.00% 0.90% 1.10%  
                   
  05/13 Import Price Index MoM 05:30 Apr 0.30% -0.30% -0.30% -0.20%  
                   
  05/13 Import Price Index YoY 05:30 Apr -9.70% -10.70% -10.50% -10.90%  
                   
  05/14 PPI Final Demand MoM 05:30 Apr 0.10% -0.40% 0.20% -  
                   
  05/14 PPI Final Demand YoY 05:30 Apr -0.80% -1.30% -0.80% -  
                   
  05/14 Initial Jobless Claims 05:30 May 9 273K 264K 265K -  
                   
  05/14 Continuing Claims 05:30 May 2 2232K 2229K 2228K 2229K  
                   
  05/15 Empire State Manufacturing 05:30 May 5.00 - -1.19 -  
                   
  05/15 Industrial Production MoM 06:15 Apr 0.00% - -0.60% -  
                   
 
 
 
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