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Market Commentary


 
 
Today's Coupons
 
  10-Year Notes   1.315%  
 
  Support   1.518%  
 
  Resistance   1.279%  
 
  FN 2.5% Coupon   103.750 (+0.172)  
 
 
 
 
     Friday, August 27, 2021
 
 

U.S. Futures Increase, U.S. Personal Spending Grows Moderately

 
 
The Market opened today's session with treasuries higher across all maturities. The 10-year Treasury yield is currently at 1.3323, 1.68 bps lower than prior closing of 1.3491.

U.S. equity-index futures increased whereas European stocks were little changed as the investors are awaiting the Federal Reserve Meeting which might provide some insights on tapering stimulus.  Futures on the S&P 500 and the Nasdaq 100 increased and the Stoxx Europe 600 was little changed. The U.S. merchandise-trade deficit reduced to $86.4 billion as Imports declined 1.40% to $233.9 billion and Exports increased 1.5% to $147.5 billion. U.S. personal spending growed moderately in July. Purchases of goods and services rose 0.30% and Personal incomes increased by 1.1% in July. Crude Oil was trading around $69.01 a barrel. Treasury yields and the dollar was steady against the major currencies.  

The curve has bull-flattened with the UST 10-Year yield down 1.68 bps.

 
 
   
 
   
 
This Week's Events
 
 
  DATE EVENT TIME(PT) PERIOD SURVEY ACTUAL PRIOR REVISED  
  08/23 Chicago Fed Nat Activity Index 05:30 Jul 0.12 0.53 0.09 -0.01  
                   
  08/23 Markit US Manufacturing PMI 06:45 Aug P 62.00 61.20 63.40 -  
                   
  08/23 Markit US Services PMI 06:45 Aug P 59.20 55.20 59.90 -  
                   
  08/24 Richmond Fed Manufact. Index 07:00 Aug  24.00 9.00 27.00 -  
                   
  08/24 New Home Sales 07:00 Jul 697k 708k 676k 701k  
                   
  08/25 MBA Mortgage Applications 05:00 20-Aug - 1.60% -3.90% -3.90%  
                   
  08/25 Durable Goods Orders 05:30 Jul P -0.30% -0.10% 0.90% 0.80%  
                   
  08/26 GDP Annualized QoQ 05:30 2Q S 6.70% 6.60% 6.50% -  
                   
  08/26 Initial Jobless Claims 05:30 21-Aug 350k 353k 348k 349k  
                   
  08/27 PCE Deflator YoY 05:30 Jul 4.10% 4.20% 4.00% -  
                   
  08/27 PCE Deflator MoM 05:30 Jul 0.40% 0.40% 0.50% -  
                   
 
 
 
 
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