Market Snapshot January 11, 2018

brown kitchen

Good Thursday A.M.,

 

Yesterday’s strong Treasury auction and a little bit of data this a.m., which was weaker than expected (below) and is giving bonds a bit of footing. PPI is interesting but the retail sales numbers and CPI will be more influential when released tomorrow. For today, the weak PPI, higher unemployment claims, and some “confusion” on yesterday’s news story that China would not buy more US Treasury bonds has given bonds a bit of a reprieve despite stocks marching on. The 10-yr at 2.54% and Mortgage bonds are up a baker’s dozen. We’ll see what tomorrow’s news brings before the holiday weekend. If we get some tame data Friday a.m., bonds could see some love.

 

Unemployment Jobless Claims:  Actual 261K, Consensus 245K, Last 250K.

PPI for Dec Index:  Actual -0.1%, Consensus 0.2%, Last 0.4%.

PPI Core:  Actual -0.1%, Consensus 0.2%, Last 0.3%.

 

Make today great!