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Market Commentary


 
Today's Coupons
 
  10-Year Notes   98-08.5 (-10.5)  
 
  FN 3.5% Coupon   102-04.5 (-05.5)  
 
  Support   2.498%  
 
  Resistance   2.324%  
 
 
 
 
Monday, February 13, 2017
 
 
The UST 10-Year yield is at 2.440% this morning after closing at 2.408% Friday.

This morning, there are no major economic releases. U.S. Treasuries have continued to sell-off ahead of the upcoming 2-day meeting where Fed Chair Janet Yellen is scheduled to testify before the Senate Banking Committee and the House Financial Services Committee; investors will turn their focus on the likelihood of a rate hike in March as well as the FOMC's view on QE MBS reinvestment policies.

Tomorrow, Producer Price Index (PPI) is scheduled to be released, Wednesday, MBA mortgage applications along with CPI and Empire Manufacturing, Thursday, Retail Sales and Industrial Production, Friday, Housing Starts along with Initial and Continuing Claims.

The dollar is weakening with the DXY index down 0.30% to 100.92. WTI crude oil prices are down 20 cents, to $53.66 a barrel.

The curve has bear-steepened with the UST 10-Year 3.2 bps up from prior closing.

 
 
   
 
   
 
This Week's Events
 
 
  DATE EVENT TIME(PT) PERIOD SURVEY ACTUAL PRIOR REVISED  
  02/13 No Data - - - - - -  
                   
  02/14 NFIB Small Business Optimism 03:00 Jan 104.90 - 105.80 -  
                   
  02/14 PPI Final Demand MoM 05:30 Jan 0.30% - 0.30% 0.20%  
                   
  02/14 PPI Final Demand YoY 05:30 Jan 1.50% - 1.60% -  
                   
  02/15 MBA Mortgage Applications 04:00 10 Feb - - 2.30% -  
                   
  02/15 Empire Manufacturing 05:30 Feb 6.80 - 6.50 -  
                   
  02/15 CPI MoM 05:30 Jan 0.30% - 0.30% -  
                   
  02/15 CPI YoY 05:30 Jan 2.40% - 2.10% -  
                   
  02/15 Retail Sales Advance MoM 05:30 Jan 0.10% - 0.60% -  
                   
  02/15 Industrial Production MoM 06:15 Jan 0.00% - 0.80% -  
                   
  02/15 Capacity Utilization 06:15 Jan 75.40% - 75.50% -  
                   
  02/15 NAHB Housing Market Index 07:00 Feb 67.00 - 67.00 -  
                   
  02/15 Business Inventories 07:00 Dec 0.40% - 0.70% -  
                   
  02/15 Total Net TIC Flows 13:00 Dec - - $23.70 B -  
                   
  02/16 Housing Starts 05:30 Jan - - 1226K -  
                   
  02/16 Housing Starts MoM 05:30 Jan - - 11.30% -  
                   
  02/16 Building Permits 05:30 Jan - - 1210K 1228K  
                   
  02/16 Building Permits MoM 05:30 Jan - - -0.20% 1.30%  
                   
  02/16 Initial Jobless Claims 05:30 11 Feb - - - -  
                   
  02/16 Continuing Claims 05:30 4 Feb - - - -  
                   
  02/16 Philadelphia Fed Business Outlook 05:30 Feb - - 23.60 -  
                   
  02/16 Bloomberg Consumer Comfort 06:45 12 Feb - - - -  
                   
  02/17 Leading Index 07:00 Jan - - 0.50% -  
                   
 
 
 
 
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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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