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Market Commentary


 
Today's Coupons
 
  10-Year Notes   98-29 (-12.5) 1.745%  
 
  FN 3.5% Coupon   104-24.5 (-04)  
 
  Support   1.890%  
 
  Resistance   1.640%  
 
 
 
 
Today's Blurb Monday, May 16, 2016
 
 
       This week we get data on manufacturing, housing, consumer prices, and the Fed statement. Empire Manufacturing is released today, followed by Housing Starts/Permits and CPI tomorrow, the FOMC minutes from the April meeting on Wednesday, and Existing Home Sales on Friday. Empire Manufacturing disappointed this morning, falling to -9.02 from +9.56 prior (consensus +6.50). Treasuries are down this morning and the curve has steepened to reverse some of Friday‚Äôs flattening with 2s10s up 1.8 bps.
 
 
   
 
   
 
This Week's Events
 
 
  DATE EVENT TIME(PT) PERIOD SURVEY ACTUAL PRIOR REVISED  
  05/16 Empire Manufacturing 05:30 May 6.50 -9.02 9.56 -  
                   
  05/16 NAHB Housing Market Index 07:00 May 59.00 - 58.00 -  
                   
  05/17 Housing Starts 05:30 Apr 1125K - 1089K -  
                   
  05/17 Housing Starts MoM 05:30 Apr   3.30% -   -8.80% -  
                   
  05/17 Building Permits 05:30 Apr 1135K - 1086K 1076K  
                   
  05/17 Building Permits MoM 05:30 Apr   5.50% -   -7.70% -8.60%  
                   
  05/17 CPI MoM 05:30 Apr   0.30% -    0.10% -  
                   
  05/17 CPI YoY 05:30 Apr   1.10% -    0.90% -  
                   
  05/17 Real Avg Weekly Earnings YoY 05:30 Apr - -    1.10% -  
                   
  05/17 Industrial Production MoM 06:15 Apr 0.30% - -0.60% -  
                   
  05/17 Capacity Utilization 06:15 Apr 75.00% -    74.80% -  
                   
  05/18 MBA Mortgage Applications 04:00 13 May - -    0.40% -  
                   
  05/18 FOMC Meeting Minutes 11:00 27 Apr - - - -  
                   
  05/19 Chicago Fed Nat Activity Index 05:30 Apr -0.20 - -0.44 -  
                   
  05/19 Initial Jobless Claims 05:30 14 May 275K - 294K -  
                   
  05/19 Continuing Claims 05:30 7 May 2165K - 2161K -  
                   
  05/19 Philadelphia Fed Business Outlook 05:30 May 3.00 - -1.60 -  
                   
  05/19 Bloomberg Consumer Comfort 06:45 15 May - - 41.70 -  
                   
  05/20 Existing Home Sales 07:00 Apr 5.40 M - 5.33 M -  
                   
  05/20 Existing Home Sales MoM 07:00 Apr 1.30% - 5.10% -  
                   
 
 
 
 
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