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Market Commentary


 
Today's Coupons
 
  10-Year Notes   99-25 (-15.5) 2.149%  
 
  FN 3.5% Coupon   104-10.5 (-05.5)  
 
  Support   2.400%  
 
  Resistance   1.620%  
 
 
 
 
Today's Blurb Monday, June 01, 2015
 
 
       Last week 10-Year notes rallied 8 bps bringing the cumulative two week total to 16 bps. This morning the market is opening up flat to Friday's close after a quiet overnight session and weak inflation data this morning. Later this morning the Fed will be in purchasing $1.875 billion conventional MBS and the Construction Spending and ISM Manufacturing data will be released. The most important event this week happens on Friday as the May employment data will be released with the Change in Nonfarm Payroll expected to be +228k.
 
 
   
 
This Week's Events
 
 
  DATE EVENT TIME(PT) PERIOD SURVEY ACTUAL PRIOR REVISED  
  06/01 Personal Income 05:30 Apr 0.30% 0.40% 0.00% -  
                   
  06/01 Personal Spending 05:30 Apr 0.20% 0.00% 0.40% 0.50%  
                   
  06/01 Pce Deflator MoM 05:30 Apr 0.10% 0.00% 0.20% -  
                   
  06/01 Pce Deflator YoY 05:30 Apr 1.40% 1.20% 1.30% -  
                   
  06/03 MBA Mortgage Applications 04:00 May 29 - - -1.60% -  
                   
  06/03 ADP Employment Change 05:15 May 200K - 169K -  
                   
  06/03 Beige Book 11:00 - - - - -  
                   
  06/04 Initial Jobless Claims 05:30 May 30 278K - 282K -  
                   
  06/04 Continuing Claims 05:30 May 23 2205K - 2222K -  
                   
  06/05 Nonfarm Payrolls 07:00 May 228K - 223K -  
                   
  06/05 Unemployment Rate 07:00 May 5.40% - 5.40% -  
                   
  06/05 Labor Force Participation rate 05:30 May - - 62.80% -  
                   
 
 
 
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