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Market Commentary


 
Today's Coupons
 
  10-Year Notes   98-19.5 (+12) 2.155%  
 
  FN 3.5% Coupon   103-17 (+05)  
 
  Support   2.420%  
 
  Resistance   2.140%  
 
 
 
 
Today's Blurb Monday, August 17, 2015
 
 
      We have a fairly busy calendar this week with today's Empire Manufacturing and NAHB Housing Market Index, tomorrow's July Housing Starts and Building Permits, Wednesday's July CPI report, and Thursday's July Existing Home Sales data. In addition to the normal data releases, the Minutes from last month's FOMC (July 28-29) will be posted Wednesday afternoon. Empire Manufacturing fell to the lowest level since April 2009 in August, at -14.92 (consensus 4.5) vs. 3.86 prior. New Orders fell to -15.7 vs. -3.5 prior, Inventories fell to -17.27 vs. -8.51, and Prices Paid fell to 7.72 vs. 7.45 prior. The NAHB Housing Market Index for August is expected to edge up from 60 to 61. Treasuries are up this morning following the plummet in Empire Manufacturing and the curve has bull flattened with 2s10s down -1.7 bps.
 
 
   
 
This Week's Events
 
 
  DATE EVENT TIME(PT) PERIOD SURVEY ACTUAL PRIOR REVISED  
  08/17 Empire Manufacturing 05:30 Aug 4.50 -14.92 3.86 -  
                   
  08/17 NAHB Housing Market Index 07:00 Aug 61.00 - 60.00 -  
                   
  08/18 Housing Starts 05:30 July 1183K - 1174K -  
                   
  08/18 Housing Starts MoM 05:30 July 0.80% - 9.80% -  
                   
  08/18 Building Permits 05:30 July 1230K - 1343K 1337K  
                   
  08/18 Building Permits MoM 05:30 July -8.00% - 7.40% 7.00%  
                   
  08/19 MBA Mortgage Applications 04:00 Aug 14 - - 0.10% -  
                   
  08/19 CPI MoM 05:30 July 0.20% - 0.30% -  
                   
  08/19 CPI YoY 05:30 July 0.20% - 0.10% -  
                   
  08/19 FOMC Minutes 11:00 28-19 July - - - -  
                   
  08/20 Initial Jobless Claims 05:30 Aug 15 271K - 274K -  
                   
  08/20 Continuing Claims 05:30 Aug 8 2265K - 2273K -  
                   
  08/20 Existing Home Sales 07:00 July 5.43 MM - 5.49 MM -  
                   
  08/20 Existing Home Sales MoM 05:30 July -1.10% - 3.20% -  
                   
  08/20 Leading Index 07:00 July 0.20% - 0.60% -  
                   
  08/21 Markit US Manufacturing PMI 06:45 Aug P 53.80 - 53.80 -  
                   
 
 
 
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