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Market Commentary


 
Today's Coupons
 
  10-Year Notes   98-09 (+04)  
 
  FN 3.5% Coupon   105-08.5 (-0.5)  
 
  Support   1.745%  
 
  Resistance   1.529%  
 
 
 
 
Friday, September 16, 2016
 
 
    The UST 10-Year yield is at 1.686% this morning after closing at 1.691% yesterday.
 
    This morning the Consumer Price Index (CPI) data was released showing that the cost of living in the U.S. is on the rise. The numbers indicate an overall increase of 0.10% from what economists previously forecasted. The CPI MoM rose by 0.20% vs. consensus of 0.10% for the month of August. The core CPI MoM which excludes volatile food and energy, rose by 0.30% vs. 0.10% prior. Overall, the CPI YoY increased to 1.10%, up from 0.80% prior.
 
    The University of Michigan consumer sentiment survey came in slightly lower than the consensus of 89.80. Current Conditions also dropped to 103.50 vs. the expected 107.60.
 
    Later this afternoon the Total Net Treasury International Capital (TIC) & Net Long Term TIC Flows for July are scheduled to be released. Previous readings were -$202.80 Billion and -$3.60 Billion, respectively; both bearish to the economy.  
 
    The curve has bear-flattened with the UST 10-Year 0.5 bp down from prior closing.
 
    Have A Great Weekend!
 
 
   
 
   
 
This Week's Events
 
 
  DATE EVENT TIME(PT) PERIOD SURVEY ACTUAL PRIOR REVISED  
  09/12 No Data - - - - - -  
                   
  09/13 NFIB Small Business Optimism 03:00 Aug 94.80 94.40 94.60 -  
                   
  09/14 MBA Mortgage Applications 04:00 9 Sep - 4.20% 0.90% -  
                   
  09/14 Import Price Index MoM 05:30 Aug -0.10% -0.20% 0.10% -  
                   
  09/14 Import Price Index YoY 05:30 Aug -2.20% -2.20% -3.70% -  
                   
  09/15 Retail Sales Advance MoM 05:30 Aug -0.10% -0.30% 0.00% 0.10%  
                   
  09/15 Initial Jobless Claims 05:30 10 Sep 265K 260K 259K -  
                   
  09/15 Continuing Claims 05:30 3 Sep 2150K 2143K 2144K 2142K  
                   
  09/15 PPI Final Demand MoM 05:30 Aug 0.10% 0.00% -0.40% -  
                   
  09/15 PPI Final Demand YoY 05:30 Aug 0.10% 0.00% -0.20% -  
                   
  09/15 Empire Manufacturing 05:30 Sep -1.00 -1.99 -4.21 -  
                   
  09/15 Industrial Production MoM 06:15 Aug -0.20% -0.40% 0.70% 0.60%  
                   
  09/15 Capacity Utilization 06:15 Aug 75.70% 75.50% 75.90% -  
                   
  09/15 Bloomberg Consumer Comfort 06:45 11 Sep - 42.20 44.00 -  
                   
  09/15 Business Inventories 07:00 Jul 0.10% 0.00% 0.20% -  
                   
  09/16 CPI MoM 05:30 Aug 0.10% 0.20% 0.00% -  
                   
  09/16 CPI YoY 05:30 Aug 1.00% 1.10% 0.80% -  
                   
  09/16 Real Avg Weekly Earnings YoY 05:30 Aug - 0.40% 1.40% 1.20%  
                   
  09/16 U. of Mich. Sentiment 07:00 Sep P 90.60 89.80 89.80 -  
                   
 
 
 
 
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