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Market Commentary


 
Today's Coupons
 
  10-Year Notes   100-29 (-03) 1.525%  
 
  FN 3.5% Coupon   105-12.5 (+0.5)  
 
  Support   1.622%  
 
  Resistance   1.496%  
 
 
 
 
Today's Blurb Thursday, July 28, 2016
 
 
      The UST 10-Year yield is at 1.530% this morning after closing at 1.490% yesterday, as it dropped by the most in nearly three weeks after the Fed hinted to gradually approach towards tightening the policy. The FOMC's decision of keeping the rates unchanged was anticipated yesterday, whereas the overall tone from the Fed was viewed as hawkish, acknowledging that the labor markets and household spending have strengthened. If the overall economic activities continue to grow stronger, a rate hike could still be possible later this year. Initial Jobless Claims rose 14k from the previous week to 266k for the week of July 23rd. The number of applications for unemployment benefits rose from a three-month low last week. US Weekly Consumer Comfort index was held at 42.90, unchanged from the week prior. The curve has bull steepened with the UST 10-Year yield up 4 bps from prior.
 
 
   
 
   
 
This Week's Events
 
 
  DATE EVENT TIME(PT) PERIOD SURVEY ACTUAL PRIOR REVISED  
  07/25 Dallas Fed Manf. Activity 07:30 Jul -10.00 -1.30 -18.30 -  
                   
  07/26 S&P/CaseShiller 20-City Index NSA 06:00 May 189.50 188.29 186.63 -  
                   
  07/26 S&P/CS Composite-20 YOY NSA 06:00 May 5.52% 5.24% 5.44% -  
                   
  07/26 Markit US Services PMI 06:45 Jul P 52.00 50.90 51.40 -  
                   
  07/26 Markit US Composite PMI 06:45 Jul P - 51.50 51.20 -  
                   
  07/26 Consumer Confidence Index 07:00 Jul 96.00 97.30 98.00 97.40  
                   
  07/26 Richmond Fed Manufact. Index 07:00 Jul -5.00 10.00 -7.00 -10.00  
                   
  07/27 MBA Mortgage Applications 04:00 22 Jul - -11.20% -1.30% -  
                   
  07/27 Durable Goods Orders 05:30 Jun P -1.40% -4.00% -2.30% -2.80%  
                   
  07/27 Durables Ex Transportation 05:30 Jun P 0.30% -0.50% -0.30% -0.40%  
                   
  07/27 FOMC Rate Decision (Upper Bound) 11:00 27 Jul 0.50% - 0.50% -  
                   
  07/27 FOMC Rate Decision (Lower Bound) 11:00 27 Jul 0.25% - 0.25% -  
                   
  07/28 Initial Jobless Claims 05:30 23 Jul 262K 266K 253K 252K  
                   
  07/28 Continuing Claims 05:30 16 Jul 2136K 2139K 2128K 2132K  
                   
  07/28 Bloomberg Consumer Comfort 06:45 24 Jul - 42.90 42.90 -  
                   
  07/28 Kansas City Fed Manf. Activity 08:00 Jul 4.00 - 2.00 -  
                   
  07/29 GDP Annualized QoQ 05:30 2Q A 2.60% - 1.10% -  
                   
  07/29 Personal Consumption 05:30 2Q A 4.30% - 1.50% -  
                   
  07/29 GDP Price Index 05:30 2Q A 1.90% - 0.40% -  
                   
  07/29 Core PCE QoQ 05:30 2Q A 1.70% - 2.00% -  
                   
  07/29 U. of Mich. Sentiment 07:00 Jul F 90.20 - 89.50 -  
                   
 
 
 
 
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