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Market Commentary


 
Today's Coupons
 
  10-Year Notes   100-28 (-14)  
 
  FN 3.5% Coupon   102-26 (-06.5)  
 
  Support   2.286%  
 
  Resistance   2.120%  
 
 
 
 
Thursday, June 29, 2017
 
 
Treasuries are selling off across the curve this morning as investors continue to digest hawkish comments from central bankers.​ The UST 10-Year yield is currently at 2.284% after closing at 2.229% prior.

This morning we received the 3rd estimate of Q1 2017 GDP which was upwardly revised to 1.40% growth rate from 1.20% growth rate in the 2nd estimate. Q1 2017 Personal Consumption was also upwardly revised to 1.10% from 0.60% in the previous estimate, while the Core PCE price index was downwardly revised to 2.00% from 2.10% in the previous estimate. Initial Jobless Claims for the week of June 24th rose 2k to 244k from an upwardly revised 242k the week prior. Continuing Claims for the week of June 17th rose 6k to 1948k from a downwardly revised 1942k the week prior.​

The curve has bear-steepened with the UST 10-Year up 5.5 bps from prior closing.
 
 
   
 
   
 
This Week's Events
 
 
  DATE EVENT TIME(PT) PERIOD SURVEY ACTUAL PRIOR REVISED  
  06/26 Durable Goods Orders 05:30 May P -0.60% -1.10% -0.80% -0.90%  
                   
  06/26 Chicago Fed Nat Activity Index 05:30 May 0.20 -0.26 0.49 0.57  
                   
  06/26 Durables Ex Transportation 05:30 May P 0.40% 0.10% -0.50% -  
                   
  06/26 Dallas Fed Manf. Activity 07:30 Jun 16.00 15.00 17.20 -  
                   
  06/27 S&P CoreLogic CS 20-City MoM SA 06:00 Apr 0.50% 0.28% 0.87% 0.53%  
                   
  06/27 S&P CoreLogic CS 20-City YoY NSA 06:00 Apr 5.90% 5.67% 5.89% 5.88%  
                   
  06/27 Richmond Fed Manufact. Index 07:00 Jun 5.00 7.00 1.00 -  
                   
  06/28 MBA Mortgage Applications 04:00 23 Jun - -6.20% 0.60% -  
                   
  06/28 Wholesale Inventories MoM 05:30 May P 0.20% 0.30% -0.50% -0.40%  
                   
  06/28 Pending Home Sales MoM 07:00 May 1.00% -0.80% -1.30% -1.70%  
                   
  06/29 GDP Annualized QoQ 05:30 1Q T 1.20% 1.40% 1.20% -  
                   
  06/29 Personal Consumption 05:30 1Q T 0.60% 1.10% 0.60% -  
                   
  06/29 GDP Price Index 05:30 1Q T 2.20% 1.90% 2.20% -  
                   
  06/29 Core PCE QoQ 05:30 1Q T 2.10% 2.00% 2.10% -  
                   
  06/29 Initial Jobless Claims 05:30 24 Jun 240k 244k 241k 242k  
                   
  06/29 Continuing Claims 05:30 17 Jun 1935k 1948k 1944k 1942k  
                   
  06/29 Bloomberg Consumer Comfort 06:45 25 Jun - 48.60 49.40 -  
                   
  06/30 Personal Income 05:30 May 0.30% - 0.40% -  
                   
  06/30 Personal Spending 05:30 May 0.10% - 0.40% -  
                   
  06/30 PCE Deflator MoM 05:30 May -0.10% - 0.20% -  
                   
  06/30 PCE Deflator YoY 05:30 May 1.50% - 1.70% -  
                   
  06/30 PCE Core MoM 05:30 May 0.10% - 0.20% -  
                   
  06/30 PCE Core YoY 05:30 May 1.40% - 1.50% -  
                   
  06/30 U. of Mich. Sentiment 07:00 Jun F 94.50 - 94.50 -  
                   
 
 
 
 
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