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Market Commentary


 
Today's Coupons
 
  10-Year Notes   97-27.5 (-13) 2.370%  
 
  FN 3.5% Coupon   102-26.5 (-05.5)  
 
  Support   2.480%  
 
  Resistance   2.190%  
 
 
 
 
Today's Blurb Friday, July 10, 2015
 
 
      Today we have a light calendar heading into the weekend with Wholesale Inventories/Trade Sales. Wholesale Inventories rose +0.8% in May (consensus +0.3%) vs. +0.4% prior with Wholesale Trade Sales up +0.3% (consensus +0.9%) vs. +1.7% prior. Treasuries continue yesterday’s decline as optimism for Greece’s latest proposal to secure a bailout dampened haven demand. Greece sought a three year bailout of 53.5 Billion Euros in an attempt to stay in the Euro. The curve has bear steepened with 2s10s up +5.1 bps.
 
Have a Great Weekend!
 
 
   
 
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% 0.80% 0.40% -  
                   
  07/10 Wholesale Trade Sales MoM 07:00 May 0.90% 0.30% 1.60% 1.70%  
                   
 
 
 
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