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Market Commentary


 
 
Today's Coupons
 
  10-Year Notes   1.361%  
 
  Support   1.597%  
 
  Resistance   1.387%  
 
  FN 2.5% Coupon   103.703 (+0.047)  
 
 
 
 
  Monday, July 12, 2021
 
 

Earnings seasons having mixed Impacts on US futures, Bonds gains

 
 
The Market opened today's session with treasuries higher across all maturities. The 10-year Treasury yield is currently at 1.3410, 1.85 bps lower than prior closing of 1.3595.

The U.S. futures gave mixed reactions today, the contracts on the S&P 500 declined whereas the Nasdaq 100 rose as the investors are awaiting second quarter earning results. The Stoxx Europe 600 saw a gain in the real estate and utilities sector compensating the losses in commodity producers and travel companies. Airline and cruise stocks saw a major decline as countries are tightening the social-distancing rules against the fast-spreading delta variant of the corona virus. Treasuries resumed gains after declining on Friday. The dollar is strong today against major peers. Oil declines further after its first weekly loss in recent times. The June U.S. consumer price index will give insight into the inflationary pressures on Tuesday.

The curve has bull-flattened with the UST 10-Year yield down 1.85 bps.

 
 
   
 
   
 
This Week's Events
 
 
  DATE EVENT TIME(PT) PERIOD SURVEY ACTUAL PRIOR REVISED  
  07/13 NFIB Small Business Optimism 03:00 Jun 99.50 - 99.60 -  
                   
  07/13 CPI MoM 05:30 Jun 0.50% - 0.60% -  
                   
  07/13 CPI YoY 05:30 Jun 4.90% - 5.00% -  
                   
  07/13 CPI Index NSA 05:30 Jun 270.713 - 269.195 -  
                   
  07/13 CPI Core Index SA 05:30 Jun 277.034 - 275.718 -  
                   
  07/14 MBA Mortgage Applications 04:00 9 Jul - - -1.80% -  
                   
  07/14 PPI Final Demand MoM 05:30 Jun 0.60% - 0.80% -  
                   
  07/14 PPI Final Demand YoY 05:30 Jun 6.70%   6.60%    
                   
  07/15 Initial Jobless Claims 05:30 10 Jul 350k - 373k -  
                   
  07/15 Continuing Claims 05:30 3 Jul 3300k - 3339k -  
                   
  07/16 U. of Mich. Sentiment 07:00 Jul P 86.50 - 85.50 -
                   
 
 
 
 
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