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Market Commentary


 
Today's Coupons
 
  10-Year Notes   97-19 (-13)  
 
  FN 3.5% Coupon   102-05 (-08)  
 
  Support   2.524%  
 
  Resistance   2.314%  
 
 
 
 
Tuesday, January 09, 2018
 
 
Today’s session opened with Treasuries lower than yesterday. The yield on the UST 10-Year is currently at 2.523% after closing at 2.481% during the prior session.

The December print for the Small Business Optimism Index came in today at 104.90. The index fell short of market expectations of 107.80 and represented a drop from its previous 107.50 reading. Further, JOLTS Job Openings for November reached 5879, also falling under estimates of 6025 and dropping from its prior mark of 5925 revised. The calendar continues tomorrow with the December Import & Export prices and the November Wholesale Inventories, the December PPI reports and Budget Statement on Thursday, and the December CPI reports and Retail Sales data on Friday.

A three-day $56 Billion treasuries auction is scheduled to begin today. Also today, Minneapolis Fed president Neel Kashkari is scheduled to speak in a moderated panel in Minnesota.

The curve has bear-steepened with the UST 10-Year yield up 4.2 bps from prior closing.
 
 
   
 
   
 
This Week's Events
 
 
  DATE EVENT TIME(PT) PERIOD SURVEY ACTUAL PRIOR REVISED  
  01/08 Consumer Credit 12:00 Nov $18.000b $27.951b $20.519b $20.532b  
                   
  01/09 NFIB Small Business Optimism 03:00 Dec 107.80 104.90 107.50 -  
                   
  01/09 JOLTS Job Openings 07:00 Nov 6025 5879 5996 5925  
                   
  01/10 MBA Mortgage Applications 04:00 5 Jan - - 0.70% -  
                   
  01/10 Import Price Index MoM 05:30 Dec 0.40% - 0.70% -  
                   
  01/10 Import Price Index YoY 05:30 Dec 3.10% - 3.10% -  
                   
  01/10 Export Price Index MoM 05:30 Dec 0.30% - 0.50% -  
                   
  01/10 Export Price Index YoY 05:30 Dec - - 3.10% -  
                   
  01/10 Wholesale Trade Sales MoM 07:00 Nov 0.60% - 0.70% -  
                   
  01/10 Wholesale Inventories MoM 07:00 Nov F 0.70% - 0.70% -  
                   
  01/11 PPI Final Demand MoM 05:30 Dec 0.20% - 0.40% -  
                   
  01/11 PPI Final Demand YoY 05:30 Dec 3.00% - 3.10% -  
                   
  01/11 Initial Jobless Claims 05:30 6 Jan 245k - 250k -  
                   
  01/11 Continuing Claims 05:30 30 Dec 1920k - 1914k -  
                   
  01/11 Bloomberg Consumer Comfort 06:45 7 Jan - - 51.80 -  
                   
  01/11 Monthly Budget Statement 11:00 Dec -$26.50b - -$138.50b -  
                   
  01/12 CPI MoM 05:30 Dec 0.10% - 0.40% -  
                   
  01/12 CPI YoY 05:30 Dec 2.10% - 2.20% -  
                   
  01/12 Retail Sales Advance MoM 05:30 Dec 0.50% - 0.80% -  
                   
  01/12 Business Inventories 07:00 Nov 0.40% - -0.10% -  
                   
 
 
 
 
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  This information is provided solely for informational use and is not intended as trading or investment advice in any manner whatsoever. Sun West Mortgage Company, Inc. is not a licensed or registered broker or dealer and cannot provide investment strategies or recommendations. This information is provided to licensed brokers/lenders only and may not be copied or distributed to customers or potential customers. All loans are subject to approval. Certain restrictions may apply. Listed pricing is a morning indication only. Program rates, prices, guidelines, fees, costs, terms and conditions are subject to change without notice  
 
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