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Market Commentary


 
Today's Coupons
 
  10-Year Notes   102-11 (+0.5) 1.986%  
 
  FN 3.5% Coupon   104-08 (+02.5)  
 
  Support   2.260%  
 
  Resistance   1.930%  
 
 
 
 
Today's Blurb Thursday, January 21, 2016
 
 
         Initial Jobless Claims rose to the highest level since the week ended July 4th last week, up 10K to 293K from a downwardly revised 283K prior; this is the 46th consecutive week of Jobless Claims below 300K. The four-week moving average for Jobless Claims rose to 285,000 from 278,500. Continuing Claims, which are lagged an additional week, fell 56K to 2208K from an upwardly revised 2264K prior. Treasuries are unchanged from yesterday's 2:00 PM (PT) close and the curve has steepened with 2s10s up 0.6 bps.
 
 
   
 
   
 
This Week's Events
 
 
  DATE EVENT TIME(PT) PERIOD SURVEY ACTUAL PRIOR REVISED  
  01/18 No Data - - - - - -  
                   
  01/19 NAHB Housing Market Index 07:00 Jan 61.00 60.00 61.00 60.00  
                   
  01/20 MBA Mortgage Applications 04:00 15 Jan 9.00%   21.30% -  
                   
  01/20 Housing Starts 05:30 Dec 1200K 1149K 1173K 1179K  
                   
  01/20 Housing Starts MoM 05:30 Dec   2.30% -2.50%  10.50% 10.10%  
                   
  01/20 Building Permits 05:30 Dec 1200K 1232K 1289K 1282K  
                   
  01/20 Building Permits MoM 05:30 Dec -6.40% -3.90%   11.00% 10.40%  
                   
  01/20 CPI MoM 05:30 Dec   0.00% -0.10%   0.00% -  
                   
  01/20 CPI YoY 05:30 Dec   0.80% 0.70%   0.50% -  
                   
  01/21 Philadelphia Fed Business Outlook 05:30 Jan -5.90 -3.50 -5.90 -10.20  
                   
  01/21 Initial Jobless Claims 05:30 16 Jan 278K 293K 284K 283K  
                   
  01/21 Continuing Claims 05:30 9 Jan 2247K 2208K 2263K 2264K  
                   
  01/21 Bloomberg Consumer Comfort 06:45 17 Jan - 44.00 44.40 -  
                   
  01/22 Chicago Fed Nat Activity Index 05:30 Dec -0.15 - -0.30 -  
                   
  01/22 Markit US Manufacturing PMI 06:45 Jan P 51.00 - 51.20 -  
                   
  01/22 Existing Home Sales MoM 07:00 Dec 9.20% - -10.50% -  
                   
  01/22 Existing Home Sales 07:00 Dec 5.20M - 4.76M -  
                   
  01/22 Leading Index 07:00 Dec -0.20% - 0.40% -  
                   
 
 
 
 
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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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