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Market Commentary


 
Today's Coupons
 
  10-Year Notes   98-31.5 (+05.5) 1.736%  
 
  FN 3.5% Coupon   104-25 (+02.5)  
 
  Support   2.160%  
 
  Resistance   1.720%  
 
 
 
 
Today's Blurb Tuesday, February 23, 2016
 
 
             Home Prices rose 0.78% in December, according to Case-Shiller, with a downward revision in November from 0.87% to 0.83%. The S&P/Case-Shiller index of property values increased 5.70% from December 2014. Existing Home Sales rose 0.40% in January (consensus -2.50%) to a 5.47 Million annual rate. It is likely that the tightening labor market and early signs of wage growth are making home purchases more attractive. Treasuries sold off overnight and have recovered ground following this morning’s data to be in line with yesterday’s close. The curve has flattened with 2s10s down 1 bp.
 
 
   
 
   
 
This Week's Events
 
 
  DATE EVENT TIME(PT) PERIOD SURVEY ACTUAL PRIOR REVISED  
  02/22 Chicago Fed Nat Activity Index 05:30 Jan   -0.05 0.28 -0.22 -0.34  
                   
  02/22 Markit US Manufacturing PMI 06:45 Feb P    52.40   51.00  52.40 -  
                   
  02/23 S&P/Case-Shiller US HPI MoM 06:00 Dec -   0.78%   0.87%   0.83%  
                   
  02/23 S&P/Case-Shiller US HPI YoY 06:00 Dec -   5.43%   5.35%   5.22%  
                   
  02/23 Consumer Confidence Index 07:00 Feb 97.20 92.20 98.10 97.80  
                   
  02/23 Richmond Fed Manufact. Index 07:00 Feb 2.00 -4.00 2.00 -  
                   
  02/23 Existing Home Sales 07:00 Jan 5.33 M 5.47 M 5.46 M 5.45 M  
                   
  02/23 Existing Home Sales MoM 07:00 Jan -2.50%   0.40%    14.70% 12.10%  
                   
  02/24 MBA Mortgage Applications 04:00 19 Feb - -     8.20% -  
                   
  02/24 Markit US Services PMI 06:45 Feb P 53.50 -  53.20 -  
                   
  02/24 Markit US Composite PMI 06:45 Feb P  - -  53.20 -  
                   
  02/24 New Home Sales 07:00 Jan 520K - 544K -  
                   
  02/24 New Home Sales MoM 07:00 Jan   -4.40% -   10.80% -  
                   
  02/25 Initial Jobless Claims 05:30 20 Feb   270K  - 262K -  
                   
  02/25 Continuing Claims 05:30 13 Feb   2253K - 2273K -  
                   
  02/25 Durable Goods Orders 05:30 Jan P   2.70% - -5.00% -  
                   
  02/25 FHFA House Price Index MoM 06:00 Dec    -  -  0.50%  -  
                   
  02/25 Bloomberg Consumer Comfort 06:45 21 Feb  - -  - -  
                   
  02/25 Kansas City Fed Manufact. Index 08:00 Feb  - - -9.00 -  
                   
  02/26 GDP Annualized QoQ 05:30 4Q S  - -   0.70% -  
                   
  02/26 Personal Consumption 05:30 4Q S - -   2.20% -  
                   
  02/26 GDP Price Index 05:30 4Q S - -   0.80% -  
                   
  02/26 Personal Spending 07:00 Jan - - - -  
                   
  02/26 Personal Income 07:00 Jan - - - -  
                   
  02/26 U. of Mich. Sentiment 07:00 Feb F - - - -  
                   
  02/26 PCE Deflator MoM 07:00 Jan  - -   - -  
                   
  02/26  PCE Deflator YoY 07:00 Jan   -  -   - -  
                   
  02/26 PCE Core MoM 07:00 Jan  -  -   - -  
                   
  02/26 PCE Core YoY 07:00 Jan   - -  - -  
                   
 
 
 
 
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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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