Back to top

Market Commentary

Home
Market Commentary


 

 
Today's Coupons
 
  10-Year Notes   98-13.5 (+12)  
 
  FN 2.5% Coupon   105-14 (+02.5)  
 
  Support   0.902%  
 
  Resistance   0.658%  
 
 
 
 
  Monday, January 25, 2021
 
 

Treasury Yields Fall as Europe faces Tighter Lockdown Restrictions

 
 
Market opened today's session with treasuries higher across all maturities. 10-Year Treasury yield is at 1.0431, 4.24 bps decreased from prior closing of 1.0855.
US stocks opened higher this morning, with the tech sector leading gains. Notable gainers include GameStop Corp. which surged as much as 250% in early morning trading. European equities did not fare as well, with the Stoxx 600 Travel & Leisure index dropping by 2% on news France may return to another lockdown, the UK may tighten border controls, and Israel may bar foreign flights from entering the country. Elsewhere, Bitcoin surpassed the $34,000 level while WTI Crude dropped to $52.22 a barrel, and Gold rose to $1,857.24 an ounce. On the economic front, the Dallas Fed Manufacturing Activity Index failed to meet expectations for the month of January after reporting at 7.00, a 2.70 point decline from a month prior. Reporting tomorrow is the Conference Board of Consumer Confidence, with expectations set at 89.0. Notably, the FOMC Rate Decision will be released on Wednesday, with upper bound expectations set at 0.25%.
The curve has bull-flattened with UST 10-Year yield down 4.24 bps.
 
 
   
 
   
 
This Week's Events
 
 
  DATE EVENT TIME(PT) PERIOD SURVEY ACTUAL PRIOR REVISED  
  01/25 Chicago Fed Nat Activity Index 05:30 Dec 0.10 0.52 0.27 0.31  
                   
  01/26 S&P CoreLogic CS 20-City YoY NSA 06:00 Nov 8.70% - 7.95% -  
                   
  01/26 S&P CoreLogic CS 20-City MoM SA 06:00 Nov 1.00% - 1.61% -  
                   
  01/26 Conf. Board Consumer Confidence 07:00 Jan 89.00 - 88.60 -  
                   
  01/26 Richmond Fed Manufact. Index 07:00 Jan 19.00 - 19.00 -  
                   
  01/27 MBA Mortgage Applications  04:00 22 Jan - - -1.90% -  
                   
  01/27 Durable Goods Orders 05:30 Dec P 1.00% - 1.00% -  
                   
  01/28 Initial Jobless Claims 05:30 23 Jan 875k - 900k -  
                   
  01/28 Continuing Claims 05:30 16 Jan 5100k - 5054k -  
                   
  01/28 GDP Price Index 05:30 4Q A 2.20% - 3.50% -  
                   
  01/28 Bloomberg Consumer Comfort 06:45 24 Jan - - 43.70 -  
                   
  01/28 Leading Index 07:00 Dec 0.30% - 0.60% -  
                   
  01/29 PCE Deflator MoM 05:30 Dec 0.30% - 0.00% -  
                   
  01/29 PCE Deflator YoY 05:30 Dec 1.20% - 1.10% -  
                   
  01/29 U. of Mich. Sentiment 07:00 Jan F 79.20 - 79.20 -  
                   
 
 
 
 
Helpful Links
  Visit Us Online   Submit Loan  
  Get Approved   SeeMyLoanStatusTM  
  Download Rate Sheet   Conventional Program Guidelines  
  Price & Lock   Government Program Guidelines  
 
 
   
 
  This information is provided solely for informational use and is not intended as an advice for trading or investment purposes 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.  
 
 
© Sun West Mortgage Company, Inc. All Rights Reserved