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Market Commentary


 
Today's Coupons
 
  10-Year Notes   96-05.5 (+06.5)  
 
  FN 3.5% Coupon   102-09.5 (+04.5)  
 
  Support   2.527%  
 
  Resistance   2.417%  
 
 
 
 
Monday, February 6, 2017
 
 
The UST 10-Year yield is at 2.433% this morning after closing at 2.466% Friday.

In the overnight session, the dollar strengthened with the DXY Index up 0.10%. In commodities, Crude prices continued to rise, holding steadily over $50.00 per barrel. In the bond markets, U.S. Treasuries have been rallying across the curve into today’s early session.

This week will be light on economic data with no releases scheduled for today. Tomorrow, Trade Balance and JOLTS Job Openings will be released, Wednesday, MBA Mortgage Applications, Thursday, initial and continuing jobless claims, Consumer Comfort and Friday, the Import Index and University of Michigan Sentiment Survey will be released.

Later this morning, the Fed will provide an update on Labor Market Conditions Index (LMCI) and at 3:00 PM (PT) the Treasury will release the January STRIPS data. Also today, European Central Bank (ECB) President Draghi will be speaking in Brussels today.

The curve has bull-flattened with the UST 10-Year 3.3 bps down from prior closing.

 
 
   
 
   
 
This Week's Events
 
 
  DATE EVENT TIME(PT) PERIOD SURVEY ACTUAL PRIOR REVISED  
  02/06 No Data - - - - - -  
                   
  02/07 Trade Balance 05:30 Dec -$45.00 B - -$45.20 B -  
                   
  02/07 JOLTS Job Openings 07:00 Dec 5569 - 5522 -  
                   
  02/08 MBA Mortgage Applications 04:00 3 Feb - - -3.20% -  
                   
  02/09 Initial Jobless Claims 05:30 4 Feb 249K - 246K -  
                   
  02/09 Continuing Claims 05:30 28 Jan 2058K - 2064K -  
                   
  02/09 Bloomberg Consumer Comfort 06:45 5 Feb - - 46.60 -  
                   
  02/09 Wholesale Trade Sales MoM 07:00 Dec - - 0.40% -  
                   
  02/09 Wholesale Inventories MoM 07:00 Dec F 1.00% - 1.00% -  
                   
  02/10 Import Price Index MoM 05:30 Jan 0.30% - 0.40% -  
                   
  02/10 Import Price Index YoY 05:30 Jan 3.30% - 1.80% -  
                   
  02/10 U. of Mich. Sentiment 07:00 Feb P 97.80 - 98.50 -  
                   
  02/10 Monthly Budget Statement 11:00 Jan $43.00 B - -$27.50 B -  
                   
 
 
 
 
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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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