Today’s session opened with Treasuries lower than yesterday. The yield on the UST10-Year is currently at 2.565% after closing at 2.558% during the prior session.
Month-over-monthPPI Final Demand for December declined by 0.10%, falling short of an expected 0.20% and prior mark of 0.40%; while year-over-yearPPI Final Demand for December rose 2.60%, also falling short of an expected 3.00% and prior mark of 3.10%. Further, Initial Jobless Claims for the week ended January 6 rose to 261k, above survey of 245k and prior mark of 250k; while Continuing Claims for the week ended December 30 reflected 1867k, below survey of 1920 and prior mark of 1902k revised. Finally, U.S. Consumer Comfort, as measured by the Bloomberg Weekly Consumer Comfort Index, rose during the week ended January 7 to 53.50, from 51.80 prior, reaching its highest reading in 17 years.
New York Federal Reserve Bank president William Dudley will speak today on U.S. economic outlook at a securities industry event in New York.
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
Month-over-month PPI Final Demand for December declined by 0.10%, falling short of an expected 0.20% and prior mark of 0.40%; while year-over-year PPI Final Demand for December rose 2.60%, also falling short of an expected 3.00% and prior mark of 3.10%. Further, Initial Jobless Claims for the week ended January 6 rose to 261k, above survey of 245k and prior mark of 250k; while Continuing Claims for the week ended December 30 reflected 1867k, below survey of 1920 and prior mark of 1902k revised. Finally, U.S. Consumer Comfort, as measured by the Bloomberg Weekly Consumer Comfort Index, rose during the week ended January 7 to 53.50, from 51.80 prior, reaching its highest reading in 17 years.
New York Federal Reserve Bank president William Dudley will speak today on U.S. economic outlook at a securities industry event in New York.
The curve has bear-steepened with the UST 10-Year yield up 0.7 bp from prior closing.