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Market Commentary


 
Today's Coupons
 
  10-Year Notes   99-12 (+10.5) 2.195%  
 
  FN 3.5% Coupon   104-06 (+04)  
 
  Support   2.400%  
 
  Resistance   1.620%  
 
 
 
 
Today's Blurb Friday, May 15, 2015
 
 
        Empire State Manufacturing for May came in soft at 3.09 vs. -1.19 prior (consensus 5.0). Shipments were strong at 14.94, but there was weakness in new orders at only 3.85 and further weakness in backlog orders at -11.46. Industrial Production was down -0.3% in April for the fifth consecutive monthly contraction. Today’s data disappointment is putting wind in the treasury sales with the 10-Year up nearly 10 ticks from yesterday’s close. The curve has bull flattened with 2s10s down -5.2 bps.  
 
Have a Great Weekend!
 
 
   
 
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 3.09 -1.19 -  
                   
  05/15 Industrial Production MoM 06:15 Apr 0.00% -0.30% -0.60% -0.30%  
                   
 
 
 
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