cti2015header-morning comments web

Market update

US tsys are little changed with the US10Y 1.872 (-1bp), reversing earlier losses as equity futures decline, crude oil moves below $32.00 and weaker data (claims higher, productivity -3.0% vs -2.0% exp). Global equities mixed – Euro stocks slightly lower but China Comp +1.2%.  Core Euro bonds lower, peripherals wider on supply as Spain sold E2.8bln of bonds with mixed results. GOCs trading higher, spds unch vs tsys . Provis opening firm, spds narrowed ~2bps yest post QC 10Y issue @ 114 – now 112.5.

News headlines


Overnight markets 

  • Overview: US 10yr note futures are up 0.16% at 130-7, S&P 500 futures are down -0.56% at 1897.75, Crude oil futures are down -0.65% at $32.07, Gold futures are up 1.1% at $1153.9, DXY is down-0.82% at 96.486.

US Economic Data 

  • The Initial Jobless Claims number came in at 285k, worse than expected and up 8k from the prior month.
  • The Continuing Claims number came in at a level of 2255k, worse than expected and down 18k from the previous month
  • The Factory Orders growth will be release at 10:00 AM
  • The Durable Goods Orders will be release at 10:00 AM

Canadian Economic Data 

  • There is no major economic data today.


Disclosure and Disclaimer

The following sources of information have been, or may have been, used partially or in their entirety to compile the herein provided CTI Capital Securities Inc. (“CTI Capital”) ‘Morning Comments.’ CTI Capital believes these sources to be generally reliable, however, as said sources are varied and from third parties, CTI Capital cannot guarantee the accuracy or completeness of said information: Canadian Press (CP); Bloomberg News (BN); Wall Street Journal (WSJ); Stone & McCarthy Research Associates (SMRA); New York Times (NYT); Financial Times (FT); Market News International (MNI); Globe and Mail; Associated Press (AP); CNW Group (CNW); Reuters; Business News Network (BNN); Market Watch; and others.

Ivan Greenstein, Stephan Buu, David Leclair-Legault

Institutional Bond and Equity Desk
CTI Capital Valeurs Mobilières Inc.

Tel : (514)-861-0240
Fax: (514)-861-3230