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Market Commentary


 
Today's Coupons
 
  10-Year Notes   99-26 (-02) 2.271%  
 
  FN 3.5% Coupon   103-08.5 (-01)  
 
  Support   2.380%  
 
  Resistance   2.210%  
 
 
 
 
Today's Blurb Monday, November 23, 2015
 
 
       The highlight on the data calendar for the shortened holiday week is Tuesday’s GDP print, in which we expect the second estimate of third quarter GDP to rise from 1.50% to 2.10%. Today we get Manufacturing data and Existing Home Sales, followed by tomorrow’s GDP, and Wednesday’s Personal Spending/Income and House Prices/ Sales. Markit US Manufacturing for November fell to 52.60 vs. 54.10 prior (consensus 54.00). Existing Home Sales came in below expectations down 3.40% (consensus -2.70%) following a 4.70% advance in September. Treasuries are hovering just below last Friday’s close and the curve has flattened slightly with 2s10s down 0.3 bps.
 
 
   
 
   
 
This Week's Events
 
 
  DATE EVENT TIME(PT) PERIOD SURVEY ACTUAL PRIOR REVISED  
  11/23 Chicago Fed Nat Activity Index 05:30 Oct 0.05 -0.04 -0.37 -0.29  
                   
  11/23 Markit US Manufacturing PMI 06:45 Nov P  54.00   52.60 54.10 -  
                   
  11/23 Existing Home Sales 07:00 Oct     5.40 M       5.36 M     5.55 M  -  
                   
  11/23 Existing Home Sales MoM 07:00 Oct    -2.70%   -3.40%   4.70% -  
                   
  11/24 GDP Annualized QoQ 05:30 3Q S   2.10% -   1.50% -  
                   
  11/24 Personal Consumption 05:30 3Q S   3.20% -   3.20% -  
                   
  11/24 GDP Price Index 05:30 3Q S    1.20% -   1.20% -  
                   
  11/24 S&P/Case-Shiller US HPI MoM 06:00 Sep - -   0.44% -  
                   
  11/24 S&P/Case-Shiller US HPI YoY 06:00 Sep - -   4.68% -  
                   
  11/24 Consumer Confidence Index 07:00 Nov 99.50 - 97.60 -  
                   
  11/24 Richmond Fed Manufact. Index 07:00 Nov 1.00 - -1.00 -  
                   
  11/25 MBA Mortgage Applications 04:00 Nov 20 - -   6.20% -  
                   
  11/25 Personal Income 05:30 Oct   0.40% -   0.10% -  
                   
  11/25 Personal Spending 05:30 Oct   0.30% -   0.10% -  
                   
  11/25 PCE Deflator MoM 05:30 Oct   0.20% - -0.10% -  
                   
  11/25 PCE Deflator YoY 05:30 Oct   0.30% -   0.20% -  
                   
  11/25 Durable Goods Orders 05:30 Oct P   1.50% - -1.20% -  
                   
  11/25 Initial Jobless Claims 05:30 Nov 21 271K - 271K -  
                   
  11/25 Continuing Claims 05:30 Nov 14 2120K - 2175K -  
                   
  11/25 FHFA House Price Index MoM 06:00 Sep  0.40% -  0.30% -  
                   
  11/25 Markit US Composite PMI 06:45 Nov P - - 55.00 -  
                   
  11/25 Markit US Services PMI 06:45 Nov P 55.00 - 54.80 -  
                   
  11/25 Bloomberg Consumer Comfort 06:45 Nov 22 - - 41.20 -  
                   
  11/25 New Home Sales 07:00 Oct 500K - 468K -  
                   
  11/25 New Home Sales MoM 07:00 Oct   6.80% -  -11.50% -  
                   
  11/25 U. of Michigan Sentiment 07:00 Nov F 93.10 - 93.10 -  
                   
  11/26 No Data - - - - - -  
   
 
 
 
 
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