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Market Commentary


 
Today's Coupons
 
  10-Year Notes   99-17 (-07.5) 2.178%  
 
  FN 3.5% Coupon   103-25.5 (-04.5)  
 
  Support   2.420%  
 
  Resistance   2.140%  
 
 
 
 
Today's Blurb Tuesday, August 04, 2015
 
 
     Factory Orders for June advanced in line with expectations, up +1.8% with May revised down from -1.0% to -1.1%; Factory Orders has had monthly gains only twice in the last 11 months. Excluding Transportation, Factory Orders edged up +0.5% with May also revised down from +0.1% to -0.1%. ISM New York advanced to 68.8 from 63.1 prior. Shipments rose a solid +0.5% and shipments of core capital goods were up 0.3%. Treasuries are opening lower this morning following the data release, and the curve has bear steepened with 2s10s up +1.5 bps.
 
 
   
 
This Week's Events
 
 
  DATE EVENT TIME(PT) PERIOD SURVEY ACTUAL PRIOR REVISED  
  08/03 Personal Income 05:30 June 0.30% 0.40% 0.50% 0.40%  
                   
  08/03 Personal Spending 05:30 June 0.20% 0.20% 0.90% 0.70%  
                   
  08/03 PCE Core MoM 05:30 June 0.10% 0.10% 0.10% -  
                   
  08/03 PCE Core  YoY 05:30 June 1.20% 1.30% 1.20% 1.30%  
                   
  08/03 Markit US Manufacturing PMI 06:45 July F 53.80 53.80 53.80 -  
                   
  08/03 Construction Spending MoM 07:00 June 0.60% 0.10% 0.80% 1.80%  
                   
  08/03 ISM Manufacturing 07:00 July 53.50 52.70 53.50 -  
                   
  08/04 ISM New York 06:45 July - 68.80 63.10 -  
                   
  08/04 Factory Orders 07:00 June 1.80% 1.80% -1.00% -1.10%  
                   
  08/05 MBA Mortgage Applications 04:00 July 31 - - 0.80% -  
                   
  08/05 ADP Employment Change 05:15 July 215K - 237K -  
                   
  08/05 Trade Balance 05:30 June -$ 43.00 Bn - -$ 41.87 Bn -  
                   
  08/05 Markit US Composite PMI 06:45 July F - - 55.20 -  
                   
  08/05 Markit US Services PMI 06:45 July F 55.20 - 55.20 -  
                   
  08/06 Initial Jobless Claims 05:30 Aug 1 272K - 267K -  
                   
  08/06 Continuing Claims 05:30 July 25 2250K - 2262K -  
                   
  08/07 Change in Nonfarm Payrolls 05:30 July 225K - 223K -  
                   
  08/07 Unemployment Rate 05:30 July 5.30% - 5.30% -  
                   
  08/07 Average Hourly Earnings MoM 05:30 July 0.20% - 0.00% -  
                   
  08/07 Average Hourly Earnings YoY 05:30 July 2.30% - 2.00% -  
                   
  08/07 Labor Force Participation Rate 05:30 July - - 62.60% -  
                   
 
 
 
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