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Market Commentary


 
Today's Coupons
 
  10-Year Notes   101-19.5 (+6.5) 2.068%  
 
  FN 3.5% Coupon   103-26 (+1.0)  
 
  Support   2.290%  
 
  Resistance   2.070%  
 
 
 
 
Today's Blurb Thursday, January 14, 2016
 
 
      Initial Jobless Claims rose 7K to 284K last week from an unrevised 277K the prior week; this marks the 45th consecutive week of Jobless Claims below 300K. Last week’s rise pushed the four-week moving average for Claims up from 275,750 to 278,750. Continuing Claims, lagged an additional week, rose 29K to 2263K from an upwardly revised 2234K prior. Import Prices continued to tumble for the sixth consecutive month, down 1.20% in December. The drop in Import Prices is largely due to falling oil prices, however even excluding oil prices import prices are still in decline. Import prices have dropped 8.20% YoY. Export prices sank 1.10% in December and are down 6.50% YoY to cap the largest annual decline recorded. 
 
 
   
 
   
 
This Week's Events
 
 
  DATE EVENT TIME(PT) PERIOD SURVEY ACTUAL PRIOR REVISED  
  01/12 JOLTS Job Openings 07:00 Nov 5450 5431 5383 5349  
                   
  01/13 MBA Mortgage Applications 04:00 8 Jan - 21.30% -11.60% -  
                   
  01/13 U.S. Fed Releases Beige Book 11:00 - - - - -  
                   
  01/14 Import Price Index MoM 05:30 Dec -1.30% -1.20% -0.40% -0.50%  
                   
  01/14 Import Price Index YoY 05:30 Dec -8.40% -8.20% -9.40% -9.50%  
                   
  01/14 Initial Jobless Claims 05:30 9 Jan 275K 284K 277K -  
                   
  01/14 Continuing Claims 05:30 2 Jan 2210K 2263K 2230K 2234K  
                   
  01/14 Bloomberg Consumer Comfort 06:45 10 Jan - 44.40 44.20 -  
                   
  01/15 Retail Sales Advance MoM 05:30 Dec -0.10% - 0.20% -  
                   
  01/15 PPI Final Demand MoM 05:30 Dec -0.20% - 0.30% -  
                   
  01/15 PPI Final Demand YoY 05:30 Dec -1.00% - -1.10% -  
                   
  01/15 Empire Manufacturing 05:30 Jan - - -4.59 -  
                   
  01/15 PPI Ex Food, Energy, Trade MoM 05:30 Dec - - 0.10% -  
                   
  01/15 Business Inventories 07:00 Nov - - 0.00% -  
                   
  01/15 U. of Mich. Sentiment 07:00 Jan P - - 92.60 -  
                   
 
 
 
 
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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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