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Market Commentary


 
Today's Coupons
 
  10-Year Notes   102-2.5 (+21.5) 2.016%  
 
  FN 3.5% Coupon   104-3 (+10.0)  
 
  Support   2.290%  
 
  Resistance   2.070%  
 
 
 
 
Today's Blurb Friday, January 15, 2016
 
 
     Wholesale prices declined 0.20% in December following a 0.30% advance in November. Excluding the more volatile food and fuel prices, prices edged up 0.10%. Food prices declined 1.30%, and energy costs fell 3.40% led by a 23.40% plunge in diesel fuel. Retail Sales declined in December, down 0.10% following an upward revision in November from 0.20% to 0.40%. The slump in retail sales is disappointing considering the oil prices continued to decline, it is likely consumers pocketed the added cash saved at the pump instead of spending extra during the holidays. Treasuries are continuing their advance fueled by a flight to quality from overseas and slumping oil prices; Brent crude slipped below $30/barrel to reach the lowest level since 2004. The curve has flattened with 2s10s down 2.0 bps.
Have A Great Weekend!
 
 
   
 
   
 
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% -0.10% 0.20% 0.40%  
                   
  01/15 PPI Final Demand MoM 05:30 Dec -0.20% -0.20% 0.30% -  
                   
  01/15 PPI Final Demand YoY 05:30 Dec -1.00% -1.00% -1.10% -  
                   
  01/15 Empire Manufacturing 05:30 Jan -4.00 -19.37 -4.59 -6.21  
                   
  01/15 PPI Ex Food, Energy, Trade MoM 05:30 Dec 0.10% 0.20% 0.10% -  
                   
  01/15 Business Inventories 07:00 Nov -0.10% - 0.00% -  
                   
  01/15 U. of Mich. Sentiment 07:00 Jan P 92.90 - 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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