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Market Commentary


 
Today's Coupons
 
  10-Year Notes   97-3.5 (+9)  
 
  FN 3.5% Coupon   102-22 (+7.5)  
 
  Support   2.411%  
 
  Resistance   2.267%  
 
 
 
 
Monday, November 28, 2016
 
 
   The UST 10-Year yield is at 2.335% this morning after closing at 2.358% on Friday.

  The only economic data being released later this morning is the Dallas Federal Manufacturing Outlook Survey for the month of November; this survey is a key gauge for the state’s manufacturing activity. It is forecasted to improve to 2.00 from -1.50 in October, indicating a slow and steady growth in output for a fourth consecutive month.

  The remaining of this week will follow with plenty of anticipated economic data; the GDP Annualized, Personal Consumption Index, GDP Price Index and the Consumer Confidence Index will be released on Tuesday. On Wednesday, we will see data for ADP Employment Change, Mortgage Applications and Personal Income & Spending. On Friday, Nonfarm Payroll and the November unemployment rate will be released.

    The curve has bull-flattened with the UST 10-Year 0.23 bp down from prior closing.
 
 
   
 
   
 
This Week's Events
 
 
  DATE EVENT TIME(PT) PERIOD SURVEY ACTUAL PRIOR REVISED  
  11/28 Dallas Fed Manf. Activity 07:30 Nov 2.00 - -1.50 -  
                   
  11/29 GDP Annualized QoQ 05:30 3Q S 3.00% - 2.90% -  
                   
  11/29 Personal Consumption 05:30 3Q S 2.30% - 2.10% -  
                   
  11/29 GDP Price Index 05:30 3Q S 1.50% - 1.50% -  
                   
  11/29 S&P CoreLogic CS US HPI MoM SA 06:00 Sep - - 0.61% -  
                   
  11/29 S&P CoreLogic CS US HPI YoY NSA 06:00 Sep - - 5.32% -  
                   
  11/29 Consumer Confidence Index 07:00 Nov 101.50 - 98.60 -  
                   
  11/30 MBA Mortgage Applications 04:00 25 Nov - - 5.50% -  
                   
  11/30 ADP Employment Change 05:15 Nov 169K - 147K -  
                   
  11/30 Personal Income 05:30 Oct 0.40% - 0.30% -  
                   
  11/30 Personal Spending 05:30 Oct 0.50% - 0.50% -  
                   
  11/30 PCE Deflator MoM 05:30 Oct 0.30% - 0.20% -  
                   
  11/30 PCE Deflator YoY 05:30 Oct 1.50% - 1.20% -  
                   
  11/30 PCE Core MoM 05:30 Oct - - - -  
                   
  11/30 PCE Core YoY 05:30 Oct - - - -  
                   
  11/30 U.S. Federal Reserve Releases Beige Book 11:00 - - - - -  
                   
  12/01 Challenger Job Cuts YoY 04:30 Nov - - -39.10% -  
                   
  12/01 Initial Jobless Claims 05:30 26 Nov - - 251K -  
                   
  12/01 Continuing Claims 05:30 19 Nov - - 2040K -  
                   
  12/01 Bloomberg Consumer Comfort 06:45 27 Nov - - 44.80 -  
                   
  12/01 Markit US Manufacturing PMI 06:45 Nov F - - 53.90 -  
                   
  12/01 Construction Spending MoM 07:00 Oct 0.60% - -0.40% -  
                   
  12/01 ISM Manufacturing 07:00 Nov 52.00 - 51.90 -  
                   
  12/02 Change in Nonfarm Payrolls 05:30 Nov 180K - 161K -  
                   
  12/02 Unemployment Rate 05:30 Nov 4.90% - 4.90% -  
                   
  12/02 Average Hourly Earnings MoM 05:30 Nov 0.20% - 0.40% -  
                   
  12/02 Average Hourly Earnings YoY 05:30 Nov 2.80% - 2.80% -  
                   
  12/02 Labor Force Participation Rate 05:30 Nov - - 62.80% -  
                   
  12/02 ISM New York 06:45 Nov - - 49.20 -  
                   
 
 
 
 
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