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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 -  
                   
 
 
 
 
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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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