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Market Commentary


 
Today's Coupons
 
  10-Year Notes   100-04 (+18.5) 1.986%  
 
  FN 3.5% Coupon   104-09.5 (+06)  
 
  Support   2.220%  
 
  Resistance   2.030%  
 
 
 
 
Today's Blurb Monday, August 24, 2015
 
 
       We have a heavy calendar this week starting with Tuesday’s Home Price and Sales data, followed by Durable Goods on Wednesday, GDP and Personal Consumption on Thursday, and Personal Income/Spending to close the week on Friday. There is nothing to note on the calendar for today. Treasuries gained support from Friday’s decline in stocks and the momentum continues this morning as stocks continue to plunge lower pushing the 10-Year note further below 2.00%. The curve has bull flattened with 2s10s down -2.8 bps.
 
 
   
 
This Week's Events
 
 
  DATE EVENT TIME(PT) PERIOD SURVEY ACTUAL PRIOR REVISED  
  08/25 FHFA House Price Index MoM 06:00 Jun 0.40% - 0.40% -  
                   
  08/25 S&P/Case-Shiller US HPI MoM 06:00 Jun - - 0.04% -  
                   
  08/25 S&P/Case-Shiller US HPI YoY 06:00 Jun - - 4.39% -  
                   
  08/25 Markit US Composite PMI 06:45 Aug P - - 55.70 -  
                   
  08/25 Markit US Services PMI 06:45 Aug P 55.60 - 55.70 -  
                   
  08/25 New Home Sales 07:00 Jul 510K - 482K -  
                   
  08/25 New Home Sales MoM 07:00 Jul 5.80% - -6.80% -  
                   
  08/26 MBA Mortgage Applications 04:00 Aug 21 - - 3.60% -  
                   
  08/26 Durable Goods Orders 05:30 Jul -0.40% - 3.40% -  
                   
  08/27 GDP Annualized QoQ 05:30 2Q S 3.20% - 2.30% -  
                   
  08/27 Personal Consumption 05:30 2Q S 3.10% - 2.90% -  
                   
  08/27 Initial Jobless Claims 05:30 Aug 22 275K - 277K -  
                   
  08/27 Continuing Claims 05:30 Aug 15 2250K - 2254K -  
                   
  08/27 Pending Home Sales MoM 07:00 Jul 1.00% - -1.80% -  
                   
  08/27 Pending Home Sales YoY 07:00 Jul 8.40% - 11.10% -  
                   
  08/28 Personal Income 05:30 Jul 0.40% - 0.40% -  
                   
  08/28 Personal Spending 05:30 Jul 0.40% - 0.20% -  
                   
  08/28 PCE Core MoM 05:30 Jul 0.10% - 0.10% -  
                   
  08/28 PCE Core YoY 05:30 Jul 1.30% - 1.30% -  
                   
  08/28 U. of Mich. Sentiment 07:00 Aug F 93.10 - 92.90 -  
                   
 
 
 
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