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Market Commentary


 
Today's Coupons
 
  10-Year Notes   100-11.5 (-01)  
 
  FN 3.5% Coupon   105-12.5 (0.5)  
 
  Support   1.613%  
 
  Resistance   1.462%  
 
 
 
 
Today's Blurb Monday, August 8, 2016
 
 
         The UST 10-Year yield is at 1.580% this morning after closing at 1.590% on Friday.
 
        Last week’s largest upward market trend movement was caused by BOE’s decision to cut rates that pushed the UST 10-Year yield down 5 bps, while the biggest downward market trend movement was due to the solid July employment data released on Friday, which moved the UST 10-Year yield up 9 bps.
 
      After 6 consecutive months of decline, the Fed Labor Market Conditions Index rose 0.10% in July. The remainder of this week’s quiet economic calendar will include Tuesday’s NFIB Small Business Optimism Index and Wholesale Inventories MoM, Wednesday’s MBA Mortgage Applications and Treasury Budget, Thursday’s Import Price Index MoM and Initial Jobless Claims, and headlined by July’s Retail Sales data on Friday.
 
         The curve has bull-flattened with UST 10-Year yield down 1 bp from prior.
 
 
   
 
   
 
This Week's Events
 
 
  DATE EVENT TIME(PT) PERIOD SURVEY ACTUAL PRIOR REVISED  
  08/08 Labor Market Conditions Index Change 07:00 Jul 0.00 1.00 -1.90 -0.10  
                   
  08/09 Nonfarm Productivity 05:30 2Q P 0.40% - -0.60% -  
                   
  08/09 Wholesale Inventories MoM 07:00 Jun 0.00% - 0.10% 0.00%  
                   
  08/09 Wholesale Trade Sales MoM 07:00 Jun 0.50% - 0.50% -  
                   
  08/10 MBA Mortgage Applications 04:00 5 Aug - - -3.50% -  
                   
  08/10 JOLTS Job Openings 07:00 Jun 5500 - 5500 -  
                   
  08/10 Import Price Index MoM 05:30 Jul -0.40% - 0.20% -  
                   
  08/11 Initial Jobless Claims 05:30 6 Aug 265K - 269K -  
                   
  08/11 Import Price Index YoY 05:30 Jul -4.30% - -4.80% -  
                   
  08/11 Continuing Claims 05:30 30 Jul 2135K - 2138K -  
                   
  08/11 Bloomberg Consumer Comfort 06:45 7 Aug - - 43.00 -  
                   
  08/12 Retail Sales Advance MoM 05:30 Jul 0.40% - 0.60% -  
                   
  08/12 PPI Final Demand MoM 05:30 Jul 0.10% - 0.50% -  
                   
  08/12 PPI Final Demand YoY 05:30 Jul - - 0.30% -  
                   
  08/12 Business Inventories 07:00 Jun - - 0.20% -  
                   
  08/12 U. of Mich. Sentiment 07:00 Aug P - - 90.00 -  
                   
 
 
 
 
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