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Market Commentary


 
Today's Coupons
 
  10-Year Notes   98-23.5 (-18) 2.269%  
 
  FN 3.5% Coupon   103-10.5 (-06)  
 
  Support   2.480%  
 
  Resistance   2.190%  
 
 
 
 
Today's Blurb Thursday, July 09, 2015
 
 
      The total number of people who applied for unemployment benefits for the week ended July 4th jumped to the highest level since February 28th. Initial Claims rose +15K to 297K from 282K prior (revised). Although the increase in Claims is somewhat concerning, last week's print continues the 18 week trend of Claims below 300K. The 4-week moving average rose to 279,500 from 275,000, the highest level since May. Continuing Claims rose to 2334K vs. 2265K prior (revised). Treasuries are selling-off across the curve with the 10-Year note yield up +8 bps, to 2.27%, and the 30-Year yield up +7 bps, to 3.05%. The curve has bear steepened with 2s10s up +2.9 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 - 4.60% -4.70% -  
                   
  07/09 Initial Jobless Claims 05:30 Jul 4 275K 297K 281K 282K  
                   
  07/09 Continuing Claims 05:30 Jun 27 2250K 2334K 2264K 2265K  
                   
  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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