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Market Commentary

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Market Commentary


 
Today's Coupons
 
  10-Year Notes   99-24.5 (-07)  
 
  FN 3.5% Coupon   105-12.5 (-02.5)  
 
  Support   1.613%  
 
  Resistance   1.484%  
 
 
 
 
Today's Blurb Thursday, August 11, 2016
 
 
     The UST 10-Year yield is at 1.520% this morning after closing at 1.510% yesterday.
 
   The US Treasury successfully auctioned off $23 Billion of 10-Year Treasuries yesterday at a 1.500% coupon, the lowest in history. The US will be selling $15 Billion of 30-Year Treasuries in Auctions today at 10:00 AM (PT). 
 
    Jobless claims came in as expected at 266K vs. 265K, this marks the 75th straight week claims have come in under 300k. The remainder of this week’s economic calendar includes July’s Retail Sales data on Friday.
 
     The curve has bear-steepened with UST 10-Year yield up 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% -0.50% -0.60% -  
                   
  08/09 Wholesale Inventories MoM 07:00 Jun 0.00% 0.30% 0.10% 0.20%  
                   
  08/09 Wholesale Trade Sales MoM 07:00 Jun 0.50% 1.90% 0.50% 0.70%  
                   
  08/10 MBA Mortgage Applications 04:00 5 Aug - 7.10% -3.50% -  
                   
  08/10 JOLTS Job Openings 07:00 Jun 5675 - 5500 -  
                   
  08/11 Import Price Index MoM 05:30 Jul -0.40% 0.10% 0.20% 0.60%  
                   
  08/11 Initial Jobless Claims 05:30 6 Aug 265K 266K 269K 267K  
                   
  08/11 Import Price Index YoY 05:30 Jul -4.30% -3.70% -4.80% -4.70%  
                   
  08/11 Continuing Claims 05:30 30 Jul 2133K 2155K 2138K 2141K  
                   
  08/11 Bloomberg Consumer Comfort 06:45 7 Aug - 41.80 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 0.20% - 0.30% -  
                   
  08/12 Business Inventories 07:00 Jun 0.10% - 0.20% -  
                   
  08/12 U. of Mich. Sentiment 07:00 Aug P - - 90.00 -  
                   
 
 
 
 
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