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Market Commentary


 
Today's Coupons
 
  10-Year Notes   98-23 (-05.5) 1.765%  
 
  FN 3.5% Coupon   104-19 (-01)  
 
  Support   2.160%  
 
  Resistance   1.720%  
 
 
 
 
Today's Blurb Tuesday, February 16, 2016
 
 
         The data calendar is moderately busy this week with headline PPI and CPI data, along with housing and manufacturing releases. Both PPI and CPI are expected to decline MoM due to a drag from weak commodity prices. Empire Manufacturing posted -16.64 in Feb from -19.37 in Jan. Prices paid fell to 2.97 from 16.00, new orders rose to -11.63 vs. -23.54 prior, work hours rose to -5.94 vs. -6.00, and Inventory rose to 0.00 vs. -6.00 prior. Yellen held firm amid a barrage of criticism last week during her semi-annual testimony. She was optimistic about future US growth, while acknowledging that the continued global financial market and energy market turbulence could slow the normalization process. Treasuries are hovering near last Friday‚Äôs close levels and the curve has steepened with 2s10s up 1.3 bps.
 
 
   
 
   
 
This Week's Events
 
 
  DATE EVENT TIME(PT) PERIOD SURVEY ACTUAL PRIOR REVISED  
  02/15 No Data - -   - - - -  
                   
  02/16 Empire Manufacturing 05:30 Feb    -10.00   -16.64    -19.37 -  
                   
  02/17 MBA Mortgage Applications 04:00 12 Feb - -     9.30% -  
                   
  02/17 Housing Starts 05:30 Jan 1170K -  1149K -  
                   
  02/17 Housing Starts MoM 05:30 Jan   1.80% -  -2.50% -  
                   
  02/17 Building Permits 05:30 Jan 1200K - 1232K 1204K  
                   
  02/17 Building Permits MoM 05:30 Jan   -0.30% - -3.90% -6.10%  
                   
  02/17 PPI Final Demand MoM 05:30 Jan   -0.20% - -0.20% -  
                   
  02/17 PPI Final Demand YoY 05:30 Jan   -0.60% - -1.00% -  
                   
  02/17 Industrial Production MoM 06:15 Jan   0.30% -  -0.40% -  
                   
  02/17 Capacity Utilization 06:15 Jan  76.70% -  76.50% -  
                   
  02/17 US Fed Releases Minute FOMC Meet 11:00 26 - 27 Jan  - -  - -  
                   
  02/18 Philadelphia Fed Business Outlook 05:30 Feb  - -   -3.50 -  
                   
  02/18 Initial Jobless Claims 05:30 13 Feb  - -   - -  
                   
  02/18 Continuing Claims 05:30 6 Feb  - -   - -  
                   
  02/18  Bloomberg Consumer Comfort 06:45 14 Feb   -  -   - -  
                   
  02/19 CPI MoM 05:30 Jan   - -   -0.10% -  
                   
  02/19 CPI YoY 05:30 Jan   - -   0.70% -  
                   
 
 
 
 
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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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