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Market Commentary


 
Today's Coupons
 
  10-Year Notes   98-29.5 (-0.5) 1.743%  
 
  FN 3.5% Coupon   104-26 (-01)  
 
  Support   2.160%  
 
  Resistance   1.720%  
 
 
 
 
Today's Blurb Friday, February 19, 2016
 
 
          Core Consumer Prices rose the most since August 2011 last month, up 0.30% with an upward revision in December from 0.10% to 0.20%. Core CPI is up 2.20% year over year, the most since June 2012. The headline Consumer Price Index posted no advance following a 0.10% decline prior and is up 1.40% YoY. The largest drag on headline CPI continues to be declining energy prices. The rise in Core CPI, along with nascent tightening labor market and signs of wage growth, bode well for short/medium term inflation. Treasuries declined this morning following the hotter than expected Core CPI reading/revisions, and the curve is flatterer with 2s10s down 2.9 bps.
Have A Delightful Weekend!
 
 
   
 
   
 
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 - 8.20%     9.30% -  
                   
  02/17 Housing Starts 05:30 Jan 1173K 1099K  1149K 1143K  
                   
  02/17 Housing Starts MoM 05:30 Jan   2.00% -3.80%  -2.50% -2.80%  
                   
  02/17 Building Permits 05:30 Jan 1200K 1202K 1232K 1204K  
                   
  02/17 Building Permits MoM 05:30 Jan   -0.30% -0.20% -3.90% -6.10%  
                   
  02/17 PPI Final Demand MoM 05:30 Jan   -0.20%   0.10% -0.20% -  
                   
  02/17 PPI Final Demand YoY 05:30 Jan   -0.60% -0.20% -1.00% -  
                   
  02/17 Industrial Production MoM 06:15 Jan   0.40%   0.90%  -0.40% -0.70%  
                   
  02/17 Capacity Utilization 06:15 Jan    76.70%   77.10%  76.50%   76.40%  
                   
  02/17 U.S. Fed Releases Minutes from FOMC Meeting 11:00 26 - 27 Jan  - -  - -  
                   
  02/18 Philadelphia Fed Business Outlook 05:30 Feb  -3.00 -2.80   -3.50 -  
                   
  02/18 Initial Jobless Claims 05:30 13 Feb  275K 262K   269K -  
                   
  02/18 Continuing Claims 05:30 6 Feb  2250K 2273K   2239K 2243K  
                   
  02/18  Bloomberg Consumer Comfort 06:45 14 Feb   -  44.30   44.50 -  
                   
  02/19 CPI MoM 05:30 Jan   -0.10%    0.00%   -0.10% -  
                   
  02/19 CPI YoY 05:30 Jan   1.30%   1.40%   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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