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Market Commentary

Market Commentary

Today's Coupons
  10-Year Notes   1.322%  
  Support   1.480%  
  Resistance   1.267%  
  FN 2.5% Coupon   103.766 (+0.078)  
     Monday, September 13, 2021

U.S. Futures Increase, Dollar and Oil Rise

The Market opened today's session with treasuries higher across all maturities. The 10-year Treasury yield is currently at 1.3259, 1.52 bps lower than prior closing of 1.3411.

U.S. futures increased led by energy companies as crude oil rose to a six-week high. Contracts on the S&P 500 and Nasdaq 100 increased. Traders are awaiting the inflation data which will provide key insights about the timing of stimulus withdrawal and interest-rate hikes. Global stocks are all time high this year due to increase in earnings. Oil increased as the supply was hit due to the delay in restoration work affected by weather. Gold futures were little changed. The dollar was in green against major peers. Numbers on the U.S. consumer-price index are due on Tuesday.

The curve has bull-flattened with the UST 10-Year yield down 1.52 bps.

This Week's Events
  09/14 CPI MoM 05:30 Aug 0.40% - 0.50% -  
  09/14 CPI YoY 05:30 Aug 5.30% - 5.40% -  
  09/15 MBA Mortgage Applications 04:00 10-Sep - - -1.90% -  
  09/15 Import Price Index YoY 05:30 Aug 9.40% - 10.20% -  
  09/16 Initial Jobless Claims 05:30 11-Sep 320k - 310k -  
  09/16 Continuing Claims 05:30 4-Sep 2740k - 2783k -  
  09/17 U. of Mich. Sentiment 07:00 Sep P 72.00 - 70.30 -  
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