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Market Commentary


 
Today's Coupons
 
  10-Year Notes   99-23 (+08) 2.031%  
 
  FN 3.5% Coupon   104-17 (+08)  
 
  Support   2.250%  
 
  Resistance   2.030%  
 
 
 
 
Today's Blurb Thursday, October 1, 2015
 
 
      More Americans filed for unemployment benefits than expected last week with Initial Jobless Claims rising 10K to 277K vs. 267K prior (consensus 271K). The four-week moving average for Jobless Claims fell to 270,750 vs. 271,750 prior. Continuing Claims dropped 53K to 2191K vs. 2244K prior. ISM Manufacturing dropped to 50.20 in September from 51.10 prior for the third consecutive monthly decline; 50.00 is the dividing line between expansion and contraction. Markit US Manufacturing PMI inched 0.10 higher to a final September reading of 53.10 vs. 53.00 in October. Tomorrow we have Nonfarm Payrolls/Unemployment for September and expectations are for 200K  vs. 173K prior with no change in unemployment (5.10%). Treasuries are flat this morning following the data release with MBS outperforming treasury hedges by 3-9 bps and the curve has flattened with 2s10s down 2.2 bps.  
 
 
   
 
This Week's Events
 
 
  DATE EVENT TIME(PT) PERIOD SURVEY ACTUAL PRIOR REVISED  
  09/28 Personal Income 05:30 Aug 0.40% 0.30% 0.40% 0.50%  
                   
  09/28 Personal Spending 05:30 Aug 0.30% 0.40% 0.30% 0.40%  
                   
  09/28 PCE Deflator MoM 05:30 Aug 0.00% 0.00% 0.10% -  
                   
  09/28 PCE Deflator YoY 05:30 Aug 0.30% 0.30% 0.30% -  
                   
  09/28 PCE Core MoM 05:30 Aug 0.10% 0.10% 0.10% -  
                   
  09/28 PCE Core YoY 05:30 Aug 1.30% 1.30% 1.20% -  
                   
  09/28 Pending Home Sales MoM 07:00 Aug 0.40% -1.40% 0.50% -  
                   
  09/28 Dallas Fed Manf. Activity 07:30 Sep -10.00 -9.50 -15.80 -  
                   
  09/29 S&P/CS 20 City MoM SA 06:00 Jul 0.10% -0.20% -0.12% -0.19%  
                   
  09/29 S&P/Case-Shiller US HPI MoM 06:00 Jul - 0.37% 0.09% 0.07%  
                   
  09/29 S&P/Case-Shiller US HPI YoY 06:00 Jul - 4.69% 4.49% 4.51%  
                   
  09/29 Consumer Confidence Index 07:00 Sep 96.80 103.00 101.50 101.30  
                   
  09/30 MBA Mortgage Applications 04:00 Sep 25 - -6.70% 13.90% -  
                   
  09/30 ADP Employment Change 05:15 Sep 190K 200K 190K 186K  
                   
  09/30 ISM Milwaukee 06:00 Sep 48.50 39.44 47.67 -  
                   
  10/01 Initial Jobless Claims 05:30 Sep 25 271K 277K 267K -  
                   
  10/01 Continuing Claims 05:30 Sep 18 2230K 2191K 2242K 2244K  
                   
  10/01 Markit US Manufacturing PMI 06:45 Sep F 53.00 53.10 53.00 -  
                   
  10/01 Bloomberg Consumer Comfort 06:45 Sep 27 - 43.00 41.90 -  
                   
  10/01 ISM Manufacturing 07:00 Sep 50.60 50.20 51.10 -  
                   
  10/02 Change in Nonfarm Payrolls 05:30 Sep 200K - 173K -  
                   
  10/02 Change in Private Payrolls 05:30 Sep 198K - 140K -  
                   
  10/02 Change in Manufacturing Payrolls 05:30 Sep 0K - -17K -  
                   
  10/02 Unemployment Rate 05:30 Sep 5.10% - 5.10% -  
                   
  10/02 Underemployment Rate 05:30 Sep - - 10.30% -  
                   
  10/02 Labor Force Participation Rate 05:30 Sep - - 62.60% -  
                   
  10/02 ISM New York 06:45 Sep - - 51.10 -  
                   
  10/02 Factory Orders 07:00 Aug -1.20% - 0.40% -  
                   
 
 
   
 
 
 
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