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Market Commentary


 
Today's Coupons
 
  10-Year Notes   99-16.5 (+10) 2.179%  
 
  FN 3.5% Coupon   104-03.5 (+03.5)  
 
  Support   2.400%  
 
  Resistance   1.620%  
 
 
 
 
Today's Blurb Tuesday, May 26, 2015
 
 
       This week we’ll see data on Manufacturing, Housing, and first quarter GDP. Durable Goods posted in line with expectations at, contracting -0.5% with the prior revised up from 4.0% to 5.1%. The FHFA House Price Index rose +0.3% in March (consensus +0.7%) following a slight downward revision in February from +0.7% to +0.6%. The S&P/Case Shiller's adjusted 20-city house price index rose +0.95% in March, and February was revised up from +0.93% to +1.21%. New Home Sales rose +6.8% in April with March revised up from -11.4% to -10.0%. Treasuries are slightly higher than Friday’s 2:00 PM (PT) close as the market digests this morning’s hefty data dump and the curve has bull flattened with 2s10s down -5.2 bps.
 
 
   
 
This Week's Events
 
 
  DATE EVENT TIME(PT) PERIOD SURVEY ACTUAL PRIOR REVISED  
  05/25 No Data - - - - - -  
                   
  05/26 Durable Goods Orders 05:30 Apr -0.50% -0.50% 4.00% 5.10%  
                   
  05/26 FHFA House Price Index MoM 06:00 Mar 0.70% 0.30% 0.70% 0.60%  
                   
  05/26 S&P / Case-Shiller US HPI MoM 06:00 Mar 0.50% 0.12% 0.42% 0.35%  
                   
  05/26 S&P / Case-Shiller US HPI YoY 06:00 Mar - 4.14% 4.22% 4.16%  
                   
  05/26 New Home Sales 07:00 Apr 508K 517K 481K 484K  
                   
  05/26 New Home Sales MoM 07:00 Apr 5.60% 6.80% -11.40% -10.00%  
                   
  05/27 MBA Mortgage Applications 04:00 May 22 - - -1.50% -  
                   
  05/28 Initial Jobless Claims 05:30 May 23 271K - 274K -  
                   
  05/28 Continuing Claims 05:30 May 16 2203K - 2211K -  
                   
  05/28 Pending Home Sales MoM 07:00 Apr 0.80% - 1.10% -  
                   
  05/28 Pending Home Sales YoY 07:00 Apr 10.20% - 13.40% -  
                   
  05/29 GDP Annualized QoQ 05:30 1Q S -0.90% - 0.20% -  
                   
  05/29 Personal Consumption 05:30 1Q S 2.00% - 1.90% -  
                   
 
 
 
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