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Market Commentary


 
Today's Coupons
 
  10-Year Notes   101-11 (-09)  
 
  FN 3.5% Coupon   103-05 (-04.5)  
 
  Support   2.225%  
 
  Resistance   2.145%  
 
 
 
 
Friday, June 9, 2017
 
 
Treasuries opened up lower this morning with 10-Year treasury yield at 2.225%, increased 3.6 bps from prior closing of 2.189%.

Yesterday, former FBI director Comey's testimony on Russian probe and president Trump caused some volatility in the market with a slight drop which, however, mostly recovered towards the end of the day. From the other side of the globe, British Prime Minister May failed to secure 326 seats required to form a majority government which is likely to bring more complications to Brexit negotiations.

On today's economic calendar, we only have Wholesale Inventories which came in lower at -0.50% vs. -0.30% consensus.

The curve has bear-steepened with UST 10-Year yield up 3.6 bps.

Have A Fantastic Weekend!
 
 
   
 
   
 
This Week's Events
 
 
  DATE EVENT TIME(PT) PERIOD SURVEY ACTUAL PRIOR REVISED  
  06/05 Nonfarm Productivity 05:30 1Q F -0.10% 0.00% -0.60% -  
                   
  06/05 Unit Labor Costs 05:30 1Q F 2.40% 2.20% 3.00% -  
                   
  06/05 Markit US Services PMI 06:45 May F 54.00 53.60 54.00 -  
                   
  06/05 Markit US Composite PMI 06:45 May F - 53.60 53.90 -  
                   
  06/05 Factory Orders 07:00 Apr -0.20% -0.20% 0.20% 1.00%  
                   
  06/05 Durable Goods Orders 07:00 Apr F -0.60% -0.80% -0.70% -  
                   
  06/05 Durables Ex Transportation 07:00 Apr F -0.20% -0.50% -0.40% -  
                   
  06/06 JOLTS Job Openings 07:00 Apr 5750 6044 5743 -  
                   
  06/07 MBA Mortgage Applications 04:00 2 Jun - 7.10% -3.40% -  
                   
  06/07 Consumer Credit 12:00 Apr $15.000b $8.197b $16.431b $19.536b  
                   
  06/08 Initial Jobless Claims 05:30 3 Jun 240k 245k 248k 255k  
                   
  06/08 Continuing Claims 05:30 27 May 1920k 1917k 1915k 1919k  
                   
  06/08 Bloomberg Consumer Comfort 06:45 4 Jun - 49.90 51.20 -  
                   
  06/09 Wholesale Trade Sales MoM 07:00 Apr 0.20% -0.40% 0.00% -0.20%  
                   
  06/09 Wholesale Inventories MoM 07:00 Apr F -0.30% -0.50% -0.30% -  
                   
 
 
 
 
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