Back to top

Market Commentary

Home
Market Commentary


 
Today's Coupons
 
  10-Year Notes   96-19.5 (-03)  
 
  FN 3.5% Coupon   102-22 (-01)  
 
  Support   2.514%  
 
  Resistance   2.336%  
 
 
 
 
Wednesday, January 11, 2017
 
 
The UST 10-Year yield is at 2.387% this morning after closing at 2.376% prior.

Treasuries were nearly unchanged this morning from yesterday’s close as investors await President-elect Donald Trump’s first press conference since winning the presidential election. Trump is expected to discuss his economic policies; his comments today will be heavily followed for any changes to his policy platform.

Today’s economic calendar only consists of last week’s MBA Mortgage applications data, which rose 5.80% versus 0.10% prior, supported by gains in both purchase and refinance activity. Purchase applications rose by 6.10%, the most since the week ended November 18, while the volume of refinance applications increased by 4.40%.

The curve has bear-steepened with the UST 10-Year up 1.1 bps from prior closing.

 
 
   
 
   
 
This Week's Events
 
 
  DATE EVENT TIME(PT) PERIOD SURVEY ACTUAL PRIOR REVISED  
  01/09 Consumer Credit 12:00 Nov $18.350 B - $16.018 B -  
                   
  01/10 Wholesale Inventories MoM 07:00 Nov F 0.90% 1.00% 0.90% -  
                   
  01/10 Wholesale Trade Sales MoM 07:00 Nov 0.50% 0.40% 1.40% 1.10%  
                   
  01/10 JOLTS Job Openings 07:00 Nov 5500 5522 5534 5451  
                   
  01/11 MBA Mortgage Applications 04:00 6 Jan - 5.80% 0.10% -  
                   
  01/12 Import Price Index MoM 05:30 Dec 0.70% - -0.30% -  
                   
  01/12 Initial Jobless Claims 05:30 7 Jan 255K - 235K -  
                   
  01/12 Continuing Claims 05:30 31 Dec 2084K - 2112K -  
                   
  01/12 Import Price Index YoY 05:30 Dec 1.80% - -0.10% -  
                   
  01/12 Bloomberg Consumer Comfort 06:45 8 Jan - - 45.50 -  
                   
  01/13 PPI Final Demand MoM 05:30 Dec 0.30% - 0.40% -  
                   
  01/13 PPI Final Demand YoY 05:30 Dec 1.60% - 1.30% -  
                   
  01/13 Retail Sales Advance MoM 05:30 Dec 0.70% - 0.10% -  
                   
  01/13 Business Inventories 07:00 Nov - - -0.20% -  
                   
  01/13 U. of Mich. Sentiment 07:00 Jan P - - 98.20 -  
                   
  01/13 Monthly Budget Statement 11:00 Dec - - -$136.70 B -  
                   
 
 
 
 
Helpful Links
  Visit Us Online   Submit Loan  
  Get Approved   Resolve Loan Conditions  
  Download Rate Sheet   Conventional Program Guidelines  
  Price & Lock   Government Program Guidelines  
 
 
   
 
  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  
 
©2016 Sun West Mortgage Company, Inc. All Rights Reserved