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Market Commentary


 
Today's Coupons
 
  10-Year Notes   100-00 (+08)  
 
  FN 3.5% Coupon   103-06 (+03.5)  
 
  Support   2.282%  
 
  Resistance   2.174%  
 
 
 
 
Friday, September 22, 2017
 
 
Market opened today's session with 10-Year treasury yield at 2.245%, 3.3 bps decreased from prior closing of 2.277%.

Treasuries are higher across all maturities after North Korea foreign minister's response of possible countermeasures which could include hydrogen bomb test in Pacific Ocean, paring declines after Wednesday's hawkish FOMC meeting.

Markit US Manufacturing PMI was released at 53.00 versus 52.80 prior and versus 53.00 consensus. On the other hand, Markit US Services PMI and US Composite PMI came in lower at 55.10 versus 56.00 prior, and 54.60 versus 55.30 prior, respectively. Dallas Fed President Kaplan is scheduled to speak at Dallas/Kansas City Fed Oil Conference at 10:30 AM (PT).

The curve has bull-flattened with the UST 10-Year yield down 3.3 bps.

Have A Great Weekend!
 
 
   
 
   
 
This Week's Events
 
 
  DATE EVENT TIME(PT) PERIOD SURVEY ACTUAL PRIOR REVISED  
  09/18 NAHB Housing Market Index 07:00 Sep 67.00 64.00 68.00 67.00  
                   
  09/18 Total Net TIC Flows 13:00 Jul - -$7.30b $7.70b $5.90b  
                   
  09/18 Net Long-term TIC Flows 13:00 Jul - $1.30b $34.40b -  
                   
  09/19 Housing Starts 05:30 Aug 1174k 1180k 1155k 1190k  
                   
  09/19 Housing Starts MoM 05:30 Aug 1.70% -0.80% -4.80% -2.20%  
                   
  09/19 Building Permits 05:30 Aug 1220k 1300k 1223k 1230k  
                   
  09/19 Building Permits MoM 05:30 Aug -0.80% 5.70% -4.10% -3.50%  
                   
  09/19 Import Price Index MoM 05:30 Aug 0.40% 0.60% 0.10% -0.10%  
                   
  09/19 Import Price Index YoY 05:30 Aug 2.20% 2.10% 1.50% 1.20%  
                   
  09/19 Export Price Index MoM 05:30 Aug 0.20% 0.60% 0.40% 0.50%  
                   
  09/19 Export Price Index YoY 05:30 Aug - 2.30% 0.80% 0.90%  
                   
  09/20 MBA Mortgage Applications 04:00 15 Sep - -9.70% 9.90% -  
                   
  09/20 Existing Home Sales 07:00 Aug 5.45m 5.35m 5.44m -  
                   
  09/20 Existing Home Sales MoM 07:00 Aug 0.20% -1.70% -1.30% -  
                   
  09/20 FOMC Rate Decision (Upper Bound) 11:00 20 Sep 1.25% 1.25% 1.25% -  
                   
  09/20 FOMC Rate Decision (Lower Bound) 11:00 20 Sep 1.00% 1.00% 1.00% -  
                   
  09/21 Initial Jobless Claims 05:30 16 Sep 302k 259k 284k 282k  
                   
  09/21 Continuing Claims 05:30 Sep 1975k 1980k 1944k 1936k  
                   
  09/21 Philadelphia Fed Business Outlook 05:30 Sep 17.10 23.80 18.90 -  
                   
  09/21 FHFA House Price Index MoM 06:00 Jul 0.40% 0.20% 0.10% -  
                   
  09/21 Bloomberg Consumer Comfort 06:45 17 Sep - 50.60 51.90 -  
                   
  09/21 Leading Index 07:00 Aug 0.30% 0.40% 0.30% -  
                   
  09/22 Markit US Manufacturing PMI 06:45 Sep P 53.00 53.00 52.80 -  
                   
  09/22 Markit US Services PMI 06:45 Sep P 55.80 55.10 56.00 -  
                   
  09/22 Markit US Composite PMI 06:45 Sep P - 54.60 55.30 -  
                   
 
 
 
 
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