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Market Commentary


 
Today's Coupons
 
  10-Year Notes   99-25 (+24.5) 2.150%  
 
  FN 3.5% Coupon   103-30 (+13)  
 
  Support   2.420%  
 
  Resistance   2.140%  
 
 
 
 
Today's Blurb Tuesday, August 11, 2015
 
 
     Wholesale Trade Sales were $449.9 Billion in June, up +0.1% from May (consensus +0.5%). Wholesale Inventories Sales were $586.2 Billion in June, up +0.9% from May (consensus +0.4%). June inventories of durable goods were up +0.1% MoM and were up +5.4% YoY. The June inventories/sales ratio was 1.30 vs. 1.19 in June 2014. Overnight China cut their reference rate by 1.9%, devaluing the yuan and providing additional support for U.S. treasuries on increased safe haven demand. The curve has bull flattened with 2s10s down -0.5 bps and the 10-Year note is pressing against resistance at 2.15%.
 
 
   
 
This Week's Events
 
 
  DATE EVENT TIME(PT) PERIOD SURVEY ACTUAL PRIOR REVISED  
  08/10 No Data - - - - - -  
                   
  08/11 Wholesale Inventories MoM 07:00 June 0.40% 0.90% 0.80% 0.60%  
                   
  08/11 Wholesale Trade Sales MoM 07:00 June 0.50% 0.10% 0.30% 0.20%  
                   
  08/12 MBA Mortgage Applications 04:00 Aug 7 - - 4.70% -  
                   
  08/13 Retail Sales Advance MoM 05:30 July 0.60% - -0.30% -  
                   
  08/13 Import Price Index MoM 05:30 July -1.20% - -0.10% -  
                   
  08/13 Import Price Index YoY 05:30 July -10.70% - -10.00% -  
                   
  08/13 Initial Jobless Claims 05:30 Aug 8 270K - 270K -  
                   
  08/13 Continuing Claims 05:30 Aug 1 2245K - 2255K -  
                   
  08/13 Business Inventories 07:00 June 0.30% - 0.30% -  
                   
  08/14 PPI Final Demand MoM 05:30 July 0.10% - 0.40% -  
                   
  08/14 PPI Final Demand YoY 05:30 July -0.90% - -0.70% -  
                   
  08/14 Industrial Production MoM 06:15 July 0.30% - 0.30% 0.20%  
                   
  08/14 Capacity Utilization 06:15 July 78.00% - 78.40% 77.80%  
                   
  08/14 U. of Mich. Sentiment 07:00 Aug P 93.50 - 93.10 -  
                   
 
 
 
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