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Market Commentary


 
Today's Coupons
 
  10-Year Notes   98-11 (+12.5) 1.808%  
 
  FN 3.5% Coupon   104-23 (+04)  
 
  Support   1.910%  
 
  Resistance   1.730%  
 
 
 
 
Today's Blurb Wednesday, June 1, 2016
 
 
         ISM Manufacturing climbed to 51.30 from 50.80 in April vs 50.30 consensus which indicates recent strength further extended into May and US factories are rebounding from a slump in the beginning of 2016. April construction spending declined 1.80%, lowest since Jan 2011 and far less than forecast of 0.60% gain. The Fed releases the Beige Book at 11:00 AM (PT) today. The curve has bull flattened with 2s10s down 3.00%.
 
 
   
 
   
 
This Week's Events
 
 
  DATE EVENT TIME(PT) PERIOD SURVEY ACTUAL PRIOR REVISED  
  05/30 No Data - - - - - -  
                   
  05/31 Personal Income 05:30 Apr 0.40% 0.40% 0.40% -  
                   
  05/31 Personal Spending 05:30 Apr 0.70% 1.00% 0.10% 0.00%  
                   
  05/31 PCE Deflator MoM 05:30 Apr 0.30% 0.30% 0.10% -  
                   
  05/31 PCE Deflator YoY 05:30 Apr 1.10% 1.10% 0.80% -  
                   
  05/31 PCE Core MoM 05:30 Apr 0.20% 0.20% 0.10% -  
                   
  05/31 PCE Core YoY 05:30 Apr 1.60% 1.60% 1.60% -  
                   
  05/31 S&P/Case-Shiller US HPI MoM SA 06:00 Mar - 0.09% 0.41% 0.31%  
                   
  05/31 S&P/CaseShiller 20-City Index NSA 06:00 Mar 184.07 184.50 182.79 182.86  
                   
  05/31 S&P/CS Composite-20 YOY NSA 06:00 Mar 5.16% 5.43% 5.38% 5.43%  
                   
  05/31 S&P/Case-Shiller US HPI YOY NSA 06:00 Mar - 5.15% 5.29% 5.32%  
                   
  05/31 Consumer Confidence Index 07:00 May 96.10 92.60 94.20 94.70  
                   
  05/31 Dallas Fed Manf. Activity 07:30 May -8.00 -20.80 -13.90 -  
                   
  06/01 MBA Mortgage Applications 04:00 27 May - -4.10% 2.30% -  
                   
  06/01 Markit US Manufacturing PMI 06:45 May F 50.50 50.70 50.50 -  
                   
  06/01 ISM Manufacturing 07:00 May 50.30 51.30 50.80 -  
                   
  06/01 ISM Prices Paid 07:00 May 58.50 63.50 59.00 -  
                   
  06/01 Construction Spending MoM 07:00 Apr 0.60% -1.80% 0.30% 1.50%  
                   
  06/01 U.S. Federal Reserve Releases Beige Book 11:00 - - - - -  
                   
  06/02 Challenger Job Cuts YoY 04:30 May - - 5.80% -  
                   
  06/02 ADP Employment Change 05:15 May 174K - 156K -  
                   
  06/02 Initial Jobless Claims 05:30 28 May 270K - 268K -  
                   
  06/02 Continuing Claims 05:30 21 May 2150K - 2163K -  
                   
  06/02 Bloomberg Consumer Comfort 06:45 29 May - - 42.00 -  
                   
  06/02 ISM New York 06:45 May - - 57.00 -  
                   
  06/03 Trade Balance 05:30 Apr -$41.00 B - -$40.40 B -  
                   
  06/03 Change in Nonfarm Payrolls 05:30 May 160K - 160K -  
                   
  06/03 Unemployment Rate 05:30 May 4.90% -  5.00% -  
                   
  06/03 Average Hourly Earnings MoM 05:30 May 0.20% -  0.30% -  
                   
  06/03 Average Hourly Earnings YoY 05:30 May 2.50% -  2.50% -  
                   
  06/03 Labor Force Participation Rate 05:30 May - -    62.80% -  
                   
  06/03 Underemployment Rate 05:30 May - -  9.70% -  
                   
  06/03 Markit US Services PMI 06:45 May F 51.40 -  51.20 -  
                   
  06/03 Markit US Composite PMI 06:45 May F - -  50.80 -  
                   
  06/03 Factory Orders 07:00 Apr 1.00% - 1.10% 1.50%  
                   
  06/03 Durable Goods Orders 07:00 Apr F - - 3.40% -  
                   
  06/03 Durables Ex Transportation 07:00 Apr F - - 0.40% -  
                   
 
 
 
 
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