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Market Commentary


 
Today's Coupons
 
  10-Year Notes   99-11 (-01.5)  
 
  FN 3.5% Coupon   105-12 (-0.5)  
 
  Support   1.631%  
 
  Resistance   1.529%  
 
 
 
 
Tuesday, August 30, 2016
 
 
    The UST 10-Year yield is at 1.570% this morning after closing at 1.560% yesterday.
 
    The main focus on the economic outlook this week is on the Non-Farm Payroll data releasing this Friday, a data that could provide further implications of a rate hike this year. Recent Fed speeches have voiced hawkish-tones, and a solid Non-Farm Payroll report would further support their stance on the Fed Fund Rate.
 
    The Consumer Confidence Index jumped to 101.10 in August vs. 96.70 revised in July, coming in well above expectations as the consensus call was 97.00. This is the highest reading since September 2015, and is supported by improved job prospects.
 
    The curve has bear-steepened with the UST 10-Year 1 bp up from prior.
 
 
   
 
   
 
This Week's Events
 
 
  DATE EVENT TIME(PT) PERIOD SURVEY ACTUAL PRIOR REVISED  
  08/29 Personal Income 05:30 Jul 0.40% 0.40% 0.20% 0.30%  
                   
  08/29 Personal Spending 05:30 Jul 0.30% 0.30% 0.40% 0.50%  
                   
  08/29 PCE Core MoM 05:30 Jul 0.10% 0.10% 0.10% -  
                   
  08/29 PCE Core YoY 05:30 Jul 1.50% 1.60% 1.60% -  
                   
  08/29 Dallas Fed Manf. Activity 07:30 Aug -3.90 - -1.30 -  
                   
  08/30 Consumer Confidence Index 07:00 Aug 97.00 101.10 97.30 96.70  
                   
  08/31 MBA Mortgage Applications 04:00 26 Aug - - -2.10% -  
                   
  08/31 ADP Employment Change 05:15 Aug 175K - 179K -  
                   
  08/31 Chicago Purchasing Manager 06:45 Aug 54.00 - 55.80 -  
                   
  08/31 Pending Home Sales MoM 07:00 Jul 0.70% - 0.20% -  
                   
  08/31 Pending Home Sales NSA YoY 07:00 Jul 2.20% - 0.30% -  
                   
  09/01 Challenger Job Cuts YoY 04:30 Aug - - -57.10% -  
                   
  09/01 Nonfarm Productivity 05:30 2Q F -0.60% - -0.50% -  
                   
  09/01 Initial Jobless Claims 05:30 27 Aug 265K - 261K -  
                   
  09/01 Continuing Claims 05:30 20 Aug 2145K - 2145K -  
                   
  09/01 Bloomberg Consumer Comfort 06:45 28 Aug - - 45.30 -  
                   
  09/01 Markit US Manufacturing PMI 06:45 Aug F 52.10 - 52.10 -  
                   
  09/01 Construction Spending MoM 07:00 Jul 0.60% - -0.60% -  
                   
  09/01 ISM Manufacturing 07:00 Aug 52.00 - 52.60 -  
                   
  09/02 Change in Nonfarm Payrolls 05:30 Aug 185K - 255K -  
                   
  09/02 Unemployment Rate 05:30 Aug 4.80% - 4.90% -  
                   
  09/02 Factory Orders 07:00 Jul 2.00% - -1.50% -  
                   
  09/02 Durable Goods Orders 07:00 Jul F - - 4.40% -  
                   
  09/02 Durables Ex Transportation 07:00 Jul F - - 1.50% -  
                   
 
 
 
 
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