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Market Commentary


 
Today's Coupons
 
  10-Year Notes   99-06 (+15) 2.091%  
 
  FN 3.5% Coupon   104-05 (+06)  
 
  Support   2.280%  
 
  Resistance   2.040%  
 
 
 
 
Today's Blurb Thursday, September 24, 2015
 
 
        Initial Jobless Claims for the week ended September 19th rose 3K to 267K vs. 264K prior for the 29th consecutive week of claims under 300K. The four-week moving average for Initial Claims rose to 272,500 vs. 275,750 prior. Continuing Claims fell 1K to 2242K vs. 2243K prior. Durable Goods Orders fell 2.00% in August (consensus -2.30%) and July was revised down from 2.00% to 1.90%. The major contributors pulling down the headline were a 5.80% drop in transportation orders and a 1.60% slip in orders for motor vehicles. Excluding transportation, orders were unchanged. Treasuries are higher this morning following the data release and the curve has flattened with 2s10s down 2.9 bps.
 
 
   
 
This Week's Events
 
 
  DATE EVENT TIME(PT) PERIOD SURVEY ACTUAL PRIOR REVISED  
  09/21 Existing Home Sales 07:00 Aug 5.50 MM 5.31 MM 5.59 MM 5.58 MM  
                   
  09/21 Existing Home Sales MoM 07:00 Aug -1.60% -4.80% 2.00% 1.80%  
                   
  09/22 Richmond Fed Manufacturing Index 07:00 Sep 2.00 -5.00 0.00 -  
                   
  09/23 MBA Mortgage Applications 04:00 Sep 18 - 13.90% -7.00% -  
                   
  09/23 Markit US Manufacturing PMI 06:45 Sep P 52.80 53.00 53.00 -  
                   
  09/24 Chicago Fed Nat Activity Index 05:30 Aug 0.24 -0.41 0.34 0.51  
                   
  09/24 Initial Jobless Claims 05:30 Sep 19 272K 267K 264K -  
                   
  09/24 Continuing Claims 05:30 Sep 12 2240K 2242K 2237K 2243K  
                   
  09/24 Durable Goods Orders 05:30 Aug -2.30% -2.00% 2.00% 1.90%  
                   
  09/24 Bloomberg Consumer Comfort 06:45 Sep 20 - 41.90 40.20 -  
                   
  09/24 New Home Sales 07:00 Aug 515K 552K 507K 522K  
                   
  09/24 New Home Sales MoM 07:00 Aug 1.60% 5.70% 5.40% 12.00%  
                   
  09/24 Kansas City Fed Manf. Activity 08:00 Sep -6.00 - -9.00 -  
                   
  09/25 GDP Annualized QoQ 05:30 2Q T 3.70% - 3.70% -  
                   
  09/25 Personal Consumption 05:30 2Q T 3.20% - 3.10% -  
                   
  09/25 Markit US Composite PMI 06:45 Sep P - - 55.70 -  
                   
  09/25 Markit US Services PMI 06:45 Sep P 55.60 - 56.10 -  
                   
  09/25 U. of Mich. Sentiment 07:00 Sep F 86.50 - 85.70 -  
                   
 
 
 
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