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Market Commentary

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Market Commentary


 
Today's Coupons
 
  10-Year Notes   99-07.5 (+02) 1.709%  
 
  FN 3.5% Coupon   105-00 (+0.5)  
 
  Support   1.880%  
 
  Resistance   1.690%  
 
 
 
 
Today's Blurb Wednesday, June 8, 2016
 
 
       
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Treasuries rallied yesterday on expectation that Fed is on hold for the next few months on rate increase. There are only a few economic data releases left going into the next week's Fed meeting to change this market expectation. The market implied probability of a hike in June meeting has gone down from 35.00% to 0% post the recent data on change in nonfarm payrolls.
 
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There is no major data release today. The curve has bull flattened with 10-Year yields down 1 basis point.
 
 
   
 
   
 
This Week's Events
 
 
  DATE EVENT TIME(PT) PERIOD SURVEY ACTUAL PRIOR REVISED  
  06/06 Labor Market Conditions Index Change 07:00 May -0.80 -4.80 -0.90 -3.40  
                   
  06/07 Nonfarm Productivity 05:30 1Q F -0.60% -0.60% -1.00% -  
                   
  06/08 MBA Mortgage Applications 04:00 3 Jun - 9.30% -4.10% -  
                   
  06/08 JOLTS Job Openings 07:00 Apr 5675 5788 5757 5670  
                   
  06/09 Initial Jobless Claims 05:30 4 Jun 270K - 267K -  
                   
  06/09 Continuing Claims 05:30 28 May 2171K - 2172K -  
                   
  06/09 Bloomberg Consumer Comfort 06:45 5 Jun - - 43.20 -  
                   
  06/09 Wholesale Inventories MoM 07:00 Apr 0.10% - 0.10% -  
                   
  06/09 Wholesale Trade Sales MoM 07:00 Apr 1.10% - 0.70% -  
                   
  06/10 U. of Mich. Sentiment 07:00 Jun P 94.00 -  94.70 -  
                   
  06/10 Monthly Budget Statement 11:00 May -$56.00 B - - -  
                   
 
 
 
 
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