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Market Commentary


 
Today's Coupons
 
  10-Year Notes   98-01 (+0.5) 1.842%  
 
  FN 3.5% Coupon   104-18.5 (+0.5)  
 
  Support   1.910%  
 
  Resistance   1.730%  
 
 
 
 
Today's Blurb Monday, May 23, 2016
 
 
           This week we get data on housing, durables and GDP with New Home Sales tomorrow, followed by the FHFA HPI on Wednesday, Durable Goods and Pending Home Sales on Thursday, and the second estimate of first quarter GDP on Friday. Markit US Manufacturing PMI posted just below expectations at 50.50 vs. 50.80 prior (consensus 51.00). Treasuries are flat to Friday's market close and the curve has flattened with 2s10s down 2.2 bps.
 
 
   
 
   
 
This Week's Events
 
 
  DATE EVENT TIME(PT) PERIOD SURVEY ACTUAL PRIOR REVISED  
  05/23 Markit US Manufacturing PMI 06:45 May P 51.00 50.50 50.80 -  
                   
  05/24 Richmond Fed Manufact. Index 07:00 May 8.00 - 14.00 -  
                   
  05/24 New Home Sales 07:00 Apr 522K - 511K -  
                   
  05/24 New Home Sales MoM 07:00 Apr   2.10% - -1.50% -  
                   
  05/25 MBA Mortgage Applications 04:00 20 May - - -1.60% -  
                   
  05/25 FHFA House Price Index MoM 06:00 Mar   0.50% -   0.40% -  
                   
  05/25 Markit US Services PMI 06:45 May P 53.00 - 52.80 -  
                   
  05/25 Markit US Composite PMI 06:45 May P - - 52.40 -  
                   
  05/26 Initial Jobless Claims 05:30 21 May 275K - 278K -  
                   
  05/26 Continuing Claims 05:30 14 May 2140K - 2152K -  
                   
  05/26 Durable Goods Orders 05:30 Apr P  0.50% -  0.80%  1.30%  
                   
  05/26 Durables Ex Transportation 05:30 Apr P  0.30% - -0.20% -  
                   
  05/26 Bloomberg Consumer Comfort 06:45 22 May - - 42.60 -  
                   
  05/26 Kansas City Fed Manf. Activity 08:00 May -3.00 - -4.00 -  
                   
  05/27 GDP Annualized QoQ 05:30 1Q S   0.90% -   0.50% -  
                   
  05/27 Personal Consumption 05:30 1Q S   2.10% -   1.90% -  
                   
  05/27 GDP Price Index 05:30 1Q S   0.70% -   0.70% -  
                   
  05/27 U. of Mich. Sentiment 07:00 May F 95.50 - 95.80 -  
                   
 
 
 
 
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