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Market Commentary

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Market Commentary


 
 
Today's Coupons
 
  10-Year Notes   1.312%  
 
  Support   1.597%  
 
  Resistance   1.387%  
 
  FN 2.5% Coupon   103.687 (00)  
 
 
 
 
  Friday, July 16, 2021
 
 

Future rises with Earnings in Focus, US Retail sale increases

 
 
The Market opened today's session with treasuries lower across all maturities. The 10-year Treasury yield is currently at 1.3154, 1.65 bps higher than prior closing of 1.2989.

U.S. stock-index futures rose with focus on increase in earnings due to economic reopening. S&P 500 Index futures advanced at least 0.2% for September contracts. Bitcoin lower for second day trading around $31,000 apiece. Binance Holdings Ltd., Cryptocurrency Exchange, is phasing out support for stock tokens. U.S. retail sales rose in June led by a solid quarter for household demand. The value of overall retail purchases advanced 0.60% last month, 1.30% excluding auto sales. The rise in retail sales is supported by government stimulus, increase in savings and vaccinations.

The curve has bear-steepened with the UST 10-Year yield up 1.65 bps.

 
 
   
 
   
 
This Week's Events
 
 
  DATE EVENT TIME(PT) PERIOD SURVEY ACTUAL PRIOR REVISED  
  07/13 NFIB Small Business Optimism 03:00 Jun 99.50 102.50 99.60 -  
                   
  07/13 CPI MoM 05:30 Jun 0.50% 0.90% 0.60% -  
                   
  07/13 CPI YoY 05:30 Jun 4.90% 5.40% 5.00% -  
                   
  07/13 CPI Index NSA 05:30 Jun 270.713 271.696 269.195 -  
                   
  07/13 CPI Core Index SA 05:30 Jun 277.034 278.140 275.718 -  
                   
  07/14 MBA Mortgage Applications 04:00 9 Jul - 16.00% -1.80% -  
                   
  07/14 PPI Final Demand MoM 05:30 Jun 0.60% 1.00% 0.80% -  
                   
  07/14 PPI Final Demand YoY 05:30 Jun 6.70% 7.30% 6.60%    
                   
  07/15 Initial Jobless Claims 05:30 10 Jul 350k 360k 373k 386k  
                   
  07/15 Continuing Claims 05:30 3 Jul 3300k 3241k 3339k 3367k  
                   
  07/16 U. of Mich. Sentiment 07:00 Jul P 86.50 80.80 85.50 -
                   
 
 
 
 
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