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Market Commentary


 
Today's Coupons
 
  10-Year Notes   98-13.5 (-16.5)  
 
  FN 3.5% Coupon   105-07 (-05)  
 
  Support   1.670%  
 
  Resistance   1.519%  
 
 
 
 
Friday, September 9, 2016
 
 
The UST 10-Year yield is at 1.661% this morning after closing at 1.599% yesterday.
 
This morning, bonds, particularly longer maturity bonds, continue to sell off after yesterdays’ European Central Bank (ECB) meeting announced that it will keep its monetary policy and asset purchase program unchanged.
 
In economic updates, Wholesale Inventory Stocks came in better than expected, at 0.00% vs. consensus of 0.10% for July. This suggests continued economic growth in the third quarter, as a low reading in unsold goods held by wholesalers are a key component of gross domestic activity.
 
The curve has bear-steepened with the UST 10-Year 6 bps up from prior closing.
 
Have An Amazing Weekend!
 
 
   
 
   
 
This Week's Events
 
 
  DATE EVENT TIME(PT) PERIOD SURVEY ACTUAL PRIOR REVISED  
  09/06 Labor Market Conditions Index Change 07:00 Aug 0.00 -0.70 1.00 1.30  
                   
  09/07 MBA Mortgage Applications 04:00 2 Sep - 0.90% 2.80% -  
                   
  09/07 JOLTS Job Openings 07:00 Jul 5630 5871 5624 5643  
                   
  09/07 U.S. Federal Reserve Releases Beige Book 11:00 - - - - -  
                   
  09/08 Initial Jobless Claims 05:30 3 Sep 265K 259K 263K -  
                   
  09/08 Continuing Claims 05:30 27 Aug 2151K 2144K 2159K 2151K  
                   
  09/08 Bloomberg Consumer Comfort 06:45 4 Sep - 44.00 43.40 -  
                   
  09/09 Wholesale Inventories MoM 07:00 Jul F 0.10% 0.00% 0.00% -  
                   
  09/09 Wholesale Trade Sales MoM 07:00 Jul 0.20% -0.40% 1.90% 1.70%  
                   
 
 
 
 
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