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Market Commentary


 
Today's Coupons
 
  10-Year Notes   97-16 (-01)  
 
  FN 3.5% Coupon   103-06 (-02.5)  
 
  Support   2.339%  
 
  Resistance   1.990%  
 
 
 
 
Friday, November 18, 2016
 
 
     The UST 10-Year yield is at 2.275% this morning after closing at 2.304% yesterday.

   Bonds world-wide have seen the steepest lost in 26 years during the past two weeks as expectations for inflation soar after Donald Trump reveals part of his infrastructure spending policy and more recently Fed Chair Yellen points to a increasingly expected rate hike in the near future.

    With treasuries little unchanged this morning from yesterday's close and little economic data being released, the primary focus is on president-elect Donald Trump's key Cabinet appointees. As of this morning he has offered Alabama Senator Jeff Sessions the Attorney General position and Mike Pompeo as C.I.A. Director.

   The Leading Index for October is scheduled to be released later today and is expected to decrease by 0.10% from September.

     The curve has bull-flattened with the UST 10-Year 0.3 bp down from prior closing.

     Have A Lovely Weekend!

 
 
   
 
   
 
This Week's Events
 
 
  DATE EVENT TIME(PT) PERIOD SURVEY ACTUAL PRIOR REVISED  
  11/14 No Change - - - - - -  
                   
  11/15 Import Price Index MoM 05:30 Oct 0.40% 0.50% 0.10% 0.20%  
                   
  11/15 Empire Manufacturing 05:30 Nov -2.50 1.50 -6.80 -  
                   
  11/15 Import Price Index YoY 05:30 Oct -0.30% -0.20% -1.10% -1.00%  
                   
  11/15 Retail Sales Advance MoM 05:30 Oct 0.60% 0.80% 0.60% 1.00%  
                   
  11/15 Business Inventories 07:00 Sep 0.20% 0.10% 0.20% -  
                   
  11/16 MBA Mortgage Applications 04:00 11 Nov - -9.20% -1.20% -  
                   
  11/16 PPI Final Demand MoM 05:30 Oct 0.30% 0.00% 0.30% -  
                   
  11/16 PPI Final Demand YoY 05:30 Oct 1.20% 0.80% 0.70% -  
                   
  11/16 Industrial Production MoM 06:15 Oct 0.20% 0.00% 0.10% -0.20%  
                   
  11/16 Capacity Utilization 06:15 Oct 75.50% 75.30% 75.40% -  
                   
  11/16 NAHB Housing Market Index 07:00 Nov 63.00 - 63.00 -  
                   
  11/17 Housing Starts 05:30 Oct 1156K 1323K 1047K 1054K  
                   
  11/17 Housing Starts MoM 05:30 Oct 10.40% 25.50% -9.00% -9.50%  
                   
  11/17 Building Permits 05:30 Oct 1193K 1229K 1225K -  
                   
  11/17 Building Permits MoM 05:30 Oct -2.70% 0.30% 6.30% -  
                   
  11/17 CPI MoM 05:30 Oct 0.40% 0.40% 0.30% -  
                   
  11/17 CPI YoY 05:30 Oct 1.60% 1.60% 1.50% -  
                   
  11/17 Initial Jobless Claims 05:30 12 Nov 257K 235K 254K -  
                   
  11/17 Continuing Claims 05:30 5 Nov 2030K 1977K 2041K 2043K  
                   
  11/17 Real Avg Weekly Earnings YoY 05:30 Oct - 0.90% 0.80% 0.90%  
                   
  11/17 Bloomberg Consumer Comfort 06:45 13 Nov - - 45.10 -  
                   
  11/18 Leading Index 07:00 Oct 0.10% - 0.20% -  
                   
  11/18 Kansas City Fed Manf. Activity 08:00 Nov - - 6.00 -  
                   
 
 
 
 
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