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Market Commentary


 
Today's Coupons
 
  10-Year Notes   99-12.5 (-02)  
 
  FN 3.5% Coupon   105-11.5 (-01)  
 
  Support   1.599%  
 
  Resistance   1.524%  
 
 
 
 
Today's Blurb Thursday, August 25, 2016
 
 
     The UST 10-Year yield is at 1.575% this morning after closing at 1.560% yesterday.
 
   10-Year Treasury yield fell slightly this morning following an interview with Kansas City Fed President Esther George who said that it is time to move on rates given where the job market and inflation are. 
 
    This morning for economic data we had Initial Jobless Claims come in at 261K vs. 265K expected and Continuing Claims at 2145K vs. 2155K expected. Durable Goods was 4.40% vs. 3.40% expected. US Services PMI was 50.90 and Composite PMI was 51.50. Tomorrow we have GDP and the much anticipated Janet Yellen Jackson Hole Speech.
 
    The curve has bear steepened by 0.5 bp with UST 10-Year yield up 1.5 bps from prior.
 
 
   
 
   
 
This Week's Events
 
 
  DATE EVENT TIME(PT) PERIOD SURVEY ACTUAL PRIOR REVISED  
  08/22 Chicago Fed Nat Activity Index 05:30 Jul 0.20 0.27 0.16 0.05  
                   
  08/23 Markit US Manufacturing PMI 06:45 Aug P 52.60 52.10 52.90 -  
                   
  08/23 New Home Sales 07:00 Jul 580K 654K 592K 582K  
                   
  08/23 New Home Sales MoM 07:00 Jul -2.00% 12.40% 3.50% 1.70%  
                   
  08/24 MBA Mortgage Applications 04:00 19 Aug - -2.10% -4.00% -  
                   
  08/24 FHFA House Price Index MoM 06:00 Jun 0.30% 0.20% 0.20% -  
                   
  08/24 Existing Home Sales 07:00 Jul 5.51 M 5.39 M 5.57 M -  
                   
  08/24 Existing Home Sales MoM 07:00 Jul -1.10% -3.20% 1.10% -  
                   
  08/25 Initial Jobless Claims 05:30 20 Aug 265K 261K 262K -  
                   
  08/25 Continuing Claims 05:30 13 Aug 2155K 2145K 2175K -  
                   
  08/25 Durable Goods Orders 05:30 Jul P 3.40% 4.40% -3.90% -4.20%  
                   
  08/25 Durables Ex Transportation 05:30 Jul P 0.40% 1.50% -0.40% -0.30%  
                   
  08/25 Markit US Services PMI 06:45 Aug P 51.80 50.90 51.40 -  
                   
  08/25 Markit US Composite PMI 06:45 Aug P - 51.50 51.80 -  
                   
  08/25 Bloomberg Consumer Comfort 06:45 21 Aug - 45.30 43.60 -  
                   
  08/25 Kansas City Fed Manf. Activity 08:00 Aug -2.00 - -6.00 -  
                   
  08/26 Personal Consumption 05:30 2Q S 4.20% - 4.20% -  
                   
  08/26 GDP Price Index 05:30 2Q S 2.20% - 2.20% -  
                   
  08/26 Core PCE QoQ 05:30 2Q S 1.70% - 1.70% -  
                   
  08/26 U. of Mich. Sentiment 07:00 Aug F 90.80 - 90.40 -  
                   
 
 
 
 
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