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Market Commentary

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Market Commentary


 
Today's Coupons
 
  10-Year Notes   99-07.5 (+18.5) 2.212%  
 
  FN 3.5% Coupon   103-14.5 (+07)  
 
  Support   2.510%  
 
  Resistance   2.240%  
 
 
 
 
Today's Blurb Tuesday, July 07, 2015
 
 
        The Goods and Services deficit reached $41.9 Billion in May, up by $1.2 Billion from a revised $40.7 Billion in April. Exports declined -$1.5 Billion from $190.1 Billion to $188.6 Billion and Imports edged down -$0.3 Billion from $230.8 Billion to $230.5 Billion. May's Trade Balance reflected a $1.2 Billion increase in the goods deficit, and a $0.1 Billion increase in the services surplus. Treasury yields continue to grind lower for the third day, sliding another -7 bps to press current resistance, as Greece's unsettled bailout talks drove demand for safer U.S. securities. The curve has bull flattened with 2s10s down -3.8 bps.
 
 
   
 
This Week's Events
 
 
  DATE EVENT TIME(PT) PERIOD SURVEY ACTUAL PRIOR REVISED  
  07/06 ISM Non-Manufacturing Composite 07:00 June 56.40 56.00 55.70 -  
                   
  07/07 Trade Balance 05:30 May -$42.70 Bn -$41.87 Bn -$40.90 Bn -$40.70 Bn  
                   
  07/08 MBA Mortgage Applications 04:00 Jul 3 - - -4.70% -  
                   
  07/09 Initial Jobless Claims 05:30 Jul 4 275K - 281K -  
                   
  07/09 Continuing Claims 05:30 Jun 27 2252K - 2264K -  
                   
  07/10 Wholesale Inventories MoM 07:00 May 0.30% - 0.40% -  
                   
  07/10 Wholesale Trade Sales MoM 07:00 May 0.90% - 1.60% -  
                   
 
 
 
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