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Market Commentary


 
Today's Coupons
 
  10-Year Notes   99-25.5 (-27) 2.273%  
 
  FN 3.5% Coupon   103-10 (-12.5)  
 
  Support   2.370%  
 
  Resistance   2.130%  
 
 
 
 
Today's Blurb Thursday, December 3, 2015
 
 
       Initial Jobless Claims rose by 9K last week to 269K vs. 260K prior (consensus 269K). The four-week average for initial claims dropped to 269,250 from 271,000. Continuing Claims rose by 6K to 2161K vs. 2155K prior (revised). The Markit US Composite PMI for November fell to 55.90 from 56.10 prior, and the Markit US Services PMI fell to 56.10 vs. 56.50 prior. Factory Orders rose by 1.50% in October following a -0.80% drop prior. Durable Goods Orders rose by 2.90% following a 3.00% advance prior. Treasuries are weaker this morning following the data releases and ahead of tomorrow’s Nonfarm Payrolls data. The curve has steepened with 2s10s up 10 bps.  
 
 
   
 
   
 
This Week's Events
 
 
  DATE EVENT TIME(PT) PERIOD SURVEY ACTUAL PRIOR REVISED  
  11/30 ISM Milwaukee 06:00 Nov 48.00 45.34 46.66 -  
                   
  11/30 Pending Home Sales MoM 07:00 Oct    1.00% 0.20% -2.30% -1.60%  
                   
  11/30 Dallas Fed Manf. Activity 07:30 Nov   -10.00    -4.90     -12.70   -  
                   
  12/01 Markit US Manufacturing PMI 06:45 Nov F    52.60  52.80   52.60 -  
                   
  12/01 Construction Spending MoM 07:00 Oct   0.60% 1.00%   0.60% -  
                   
  12/01 ISM Manufacturing 07:00 Nov   50.50 48.60   50.10 -  
                   
  12/02 MBA Mortgage Applications 04:00 Nov 27   - -0.20%   -3.20% -  
                   
  12/02 ADP Employment Charge 05:15 Nov 190K 217K   182K 196K  
                   
  12/02 Nonfarm Productivity 05:30 3Q F 2.20% 2.20%   1.60% -  
                   
  12/02 ISM New York 06:45 Nov 58.00 - 65.80 -  
                   
  12/02 U.S Fed Releases Beige Book 11:00 - - - - -  
                   
  12/03 Challenger Job Cuts YoY 04:30 Nov - -13.90%   -1.30% -  
                   
  12/03 Initial Jobless Claims 05:30 Nov 28   269K 269K    260K -  
                   
  12/03 Continuing Claims 05:30 Nov 21   2190K 2161K   2207K 2155K  
                   
  12/03 Markit US Composite PMI 06:45 Nov F   - 55.90 56.10 -  
                   
  12/03 Markit US Services PMI 06:45 Nov F   56.50 56.10 56.50 -  
                   
  12/03 Factory Orders 07:00 Oct   1.40% 1.50% -1.00% -0.80%  
                   
  12/03 Durable Goods Orders 07:00 Oct F - 2.90% 3.00% -  
                   
  12/03 Durables Ex Transportation 07:00 Oct F - 0.50% 0.50% -  
                   
  12/04 Change in Nonfarm Payrolls 05:30 Nov  200K  -  271K -  
                   
  12/04 Unemployment Rate 05:30 Nov 5.00% - 5.00% -  
                   
  12/04 Average Hourly Earnings MoM 05:30 Nov 0.20% - 0.40% -  
                   
  12/04 Average Hourly Earnings YoY 05:30 Nov 2.30% - 2.50% -  
                   
  12/04 Underemployment Rate 05:30 Nov - - 9.80% -  
                   
  12/04 Labor Force Participation Rate 05:30 Nov - -  62.40% -  
                   
  12/04 Trade Balance 05:30 Oct  -$43.75 B -  -$40.81 B -  
                   
 
 
   
 
 
 
 
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