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Market Commentary


 
 
Today's Coupons
 
  10-Year Notes   1.331%  
 
  Support   1.441%  
 
  Resistance   1.255%  
 
  FN 2.5% Coupon   103.625 (-0.172)  
 
 
 
 
     Thursday, September 16, 2021
 
 

U.S. Futures at par, Unemployment Benefits Rise

 
 
The Market opened today's session with treasuries lower across all maturities. The 10-year Treasury yield is currently at 1.3344, 3.56 bps higher than prior closing of 1.2988.

The losses on the US futures were curbed after the unexpected increase of 0.70% in retail sales of August month following Federal Reserve’s plans to taper stimulus. The Futures on the S&P 500 were unchanged while the NASDAQ 100 fell 0.20%. The Stoxx Europe 600 rose 0.80%, while the US dollar rose 0.40% in comparison with its competitors. Applications for the US state unemployment benefits rose to 332,000 in the past week as Hurricane Ida continues to disrupt the labor market. Continuing claims for state benefits declined to 2.7 million in the week ended September 4. The dollar strengthened against major currencies.

The curve has bear-steepened with the UST 10-Year yield up 3.56 bps.

 
 
   
 
   
 
This Week's Events
 
 
  DATE EVENT TIME(PT) PERIOD SURVEY ACTUAL PRIOR REVISED  
  09/14 CPI MoM 05:30 Aug 0.40% 0.30% 0.50% -  
                   
  09/14 CPI YoY 05:30 Aug 5.30% 5.30% 5.40% -  
                   
  09/15 MBA Mortgage Applications 04:00 10-Sep - 0.30% -1.90% -  
                   
  09/15 Import Price Index YoY 05:30 Aug 9.40% 9.00% 10.20% 10.30%  
                   
  09/16 Initial Jobless Claims 05:30 11-Sep 322k 332k 310k 312k  
                   
  09/16 Continuing Claims 05:30 4-Sep 2740k 2665k 2783k 2852k  
                   
  09/17 U. of Mich. Sentiment 07:00 Sep P 72.00 - 70.30 -  
                   
 
 
 
 
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