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Market Commentary


 
Today's Coupons
 
  10-Year Notes   98-11.5 (+09.5) 1.806%  
 
  FN 3.5% Coupon   104-21.5 (+02)  
 
  Support   1.910%  
 
  Resistance   1.730%  
 
 
 
 
Today's Blurb Thursday, June 2, 2016
 
 
         The Beige Book released yesterday carried a general tone that our economy was resilient. Heading into May employment report tomorrow, Initial Claims dropped to 267k from 268k in the prior week. May ADP employment rose 173k vs. 173k, coming in on the screws with consensus. Continuing claims signaled slight weakness as it rose 9k to 2172k from 2163k in the prior week vs. 2150k consensus. The curve has bear flattened with 2s10s down 0.90%.
 
 
   
 
   
 
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 - -26.50% 5.80% -  
                   
  06/02 ADP Employment Change 05:15 May 173K 173K 156K 166K  
                   
  06/02 Initial Jobless Claims 05:30 28 May 270K 267K 268K -  
                   
  06/02 Continuing Claims 05:30 21 May 2150K 2172K 2163K 2160K  
                   
  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 1.90% - 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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