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Market Commentary


 
Today's Coupons
 
  10-Year Notes   101-14.5 (+02.5) 1.466%  
 
  FN 3.5% Coupon   105-17.5 (+01)  
 
  Support   1.665%  
 
  Resistance   1.484%  
 
 
 
 
Today's Blurb Friday, July 1, 2016
 
 
         Both 10-Year and 30-Year UST yields fell to records lows this morning before the long weekend from flight to quality as global economic outlook became dimmer. Manufacturing PMI fell marginally at 51.30 vs. 51.40 prior and Construction spending for May came in at -0.80% vs. 0.60% consensus. With a 1.30 gain in ISM New Orders, ISM Manufacturing showed signs of accelerated growth with index at 53.20 vs. 51.30 prior. The curve has flattened with UST 10-Year yield remaining unchanged from yesterday's close.
Enjoy The Long Weekend And Have A Happy And Safe Independence Day Everyone!  
 
 
   
 
   
 
This Week's Events
 
 
  DATE EVENT TIME(PT) PERIOD SURVEY ACTUAL PRIOR REVISED  
  06/27 Advance Goods Trade Balance 05:30 May -$59.50 B -$60.60 B -$57.50 B -  
                   
  06/27 Markit US Services PMI 06:45 Jun P 52.00 51.30 51.30 -  
                   
  06/27 Markit US Composite PMI 06:45 Jun P - 51.20 50.90 -  
                   
  06/27 Dallas Fed Manf. Activity 07:30 Jun -15.00 -18.30 -20.80 -  
                   
  06/28 GDP Annualized QoQ 05:30 1Q T 1.00% 1.10% 0.80% -  
                   
  06/28 Personal Consumption 05:30 1Q T 2.00% 1.50% 1.90% -  
                   
  06/28 GDP Price Index 05:30 1Q T 0.60% 0.40% 0.60% -  
                   
  06/28 Core PCE QoQ 05:30 1Q T 2.10% 2.00% 2.10% -  
                   
  06/28 S&P/Case-Shiller US HPI MoM SA 06:00 Apr - 0.07% 0.09% 0.06%  
                   
  06/28 S&P/Case-Shiller US HPI YoY NSA 06:00 Apr - 5.03% 5.15% 5.11%  
                   
  06/28 Consumer Confidence Index 07:00 Jun 93.50 98.00 92.60 92.40  
                   
  06/28 Richmond Fed Manufact. Index 07:00 Jun 3.00 -7.00 -1.00 -  
                   
  06/29 MBA Mortgage Applications 04:00 24 Jun - -2.60% 2.90% -  
                   
  06/29 Personal Income 05:30 May 0.30% 0.20% 0.40% 0.50%  
                   
  06/29 Personal Spending 05:30 May 0.40% 0.40% 1.00% 1.10%  
                   
  06/29 PCE Deflator MoM 05:30 May 0.20% 0.20% 0.30% -  
                   
  06/29 PCE Deflator YoY 05:30 May 1.00% 0.90% 1.10% -  
                   
  06/29 PCE Core MoM 05:30 May 0.20% 0.20% 0.20% -  
                   
  06/29 PCE Core YoY 05:30 May 1.60% 1.60% 1.60% -  
                   
  06/30 Initial Jobless Claims 05:30 25 Jun 267K 268K 259K 258K  
                   
  06/30 Continuing Claims 05:30 18 Jun 2151K 2120K 2142K 2140K  
                   
  06/30 Bloomberg Consumer Comfort 06:45 26 Jun - 43.90 44.20 -  
                   
  07/01 Markit US Manufacturing PMI 06:45 Jun F 51.20 51.30 51.40 -  
                   
  07/01 ISM Manufacturing 07:00 Jun 51.30 53.20 51.30 -  
                   
  07/01 ISM Prices Paid 07:00 Jun 63.50 60.50 63.50 -  
                   
  07/01 Construction Spending MoM 07:00 May 0.60% -0.80% -1.80% -2.00%  
                   
 
 
 
 
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