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Market Commentary


 
Today's Coupons
 
  10-Year Notes   101-08 (-08.5)  
 
  FN 3.5% Coupon   105-18 (-01.5)  
 
  Support   1.589%  
 
  Resistance   1.448%  
 
 
 
 
Today's Blurb Monday, August 1, 2016
 
 
         The UST 10-Year is at 1.490% this morning after closing at 1.450% on Friday. July Markit US Manufacturing PMI came in at 52.90 versus 51.30 in June, a second consecutive month of expansion, and the highest reading since October 2015. June Construction Spending fell 0.60% versus 0.50% rise consensus, as both private and public constructions saw a 0.60% decline. July US ISM Manufacturing fell to 52.60 versus 53.20 in June, as new orders fell to 56.90 versus 57.00 prior, and prices paid fell to 55.04 versus 60.50 prior. The remainder of this week’s economic calendar will be headlined by Tuesday’s Personal Income & Personal Spending, Wednesday’s MBA Mortgage Applications and ADP Employment Change, Thursday’s Factory and Durable Goods Orders, and July’s labor data in Friday’s employment reports. The curve has bear steepened with UST 10-Year yield up 4 bps from prior.
 
 
   
 
   
 
This Week's Events
 
 
  DATE EVENT TIME(PT) PERIOD SURVEY ACTUAL PRIOR REVISED  
  08/01 Markit US Manufacturing PMI 06:45 Jul F 52.90 52.90 52.90 -  
                   
  08/01 Construction Spending MoM 07:00 Jun 0.50% -0.60% -0.80% -0.10%  
                   
  08/01 ISM Manufacturing 07:00 Jul 53.00 52.60 53.20 -  
                   
  08/02 Personal Income 05:30 Jun 0.30% - 0.20% -  
                   
  08/02 Personal Spending 05:30 Jun 0.30% - 0.40% -  
                   
  08/02 PCE Deflator MoM 05:30 Jun 0.20% - 0.20% -  
                   
  08/02 PCE Deflator YoY 05:30 Jun 0.90% - 0.90% -  
                   
  08/02 PCE Core MoM 05:30 Jun 0.10% - 0.20% -  
                   
  08/02 PCE Core YoY 05:30 Jun 1.60% - 1.60% -  
                   
  08/03 MBA Mortgage Applications 04:00 29 Jul - - -11.20% -  
                   
  08/03 Markit US Services PMI 06:45 Jul F 51.00 - 50.90 -  
                   
  08/03 Markit US Composite PMI 06:45 Jul F - - 51.50 -  
                   
  08/04 Challenger Job Cuts YoY 04:30 Jul - - -14.10% -  
                   
  08/04 Initial Jobless Claims 05:30 30 Jul 265K - 266K -  
                   
  08/04 Continuing Claims 05:30 23 Jul - - 2139K -  
                   
  08/04 Bloomberg Consumer Comfort 06:45 31 Jul - - 42.90 -  
                   
  08/04 Factory Orders 07:00 Jun -1.90% - -1.00% -  
                   
  08/04 Durable Goods Orders 07:00 Jun F -4.00% - -4.00% -  
                   
  08/04 Durables Ex Transportation 07:00 Jun F -1.00% - -0.50% -  
                   
  08/05 Change in Nonfarm Payrolls 05:30 Jul 180K - 287K -  
                   
  08/05 Average Hourly Earnings MoM 05:30 Jul 0.20% - 0.10% -  
                   
  08/05 Average Hourly Earnings YoY 05:30 Jul 2.60% - 2.60% -  
                   
 
 
 
 
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