Back to top

Market Commentary

Home
Market Commentary


 
Today's Coupons
 
  10-Year Notes   99-01 (+05.5)  
 
  FN 3.5% Coupon   99-22 (+02.5)  
 
  Support   2.950%  
 
  Resistance   2.608%  
 
 
 
 
Tuesday, March 06, 2018
 
 
Treasuries are higher than yesterday at the opening of today’s session. The yield on the UST 10-Year is currently at 2.873% after closing at 2.882% during the prior session.

Month-over-month Factory Orders for January came in today at -1.40%, matching market estimates but off from previous mark of 1.80% revised. Further, month-over-month Factory Orders Ex Transportation for January rose 0.40% following a 0.90% rise prior revised. Also in today, month-over-month Durable Goods Orders forecast for January reflected a -3.60%, matching survey and modestly up from prior -3.70%; while month-over-month Durable Goods Orders Ex Transportation forecast for January reflected a -0.30%, matching its prior mark. Finally, month-over-month Non-Defense Capital Goods Orders Ex Aircraft & Parts forecast for January reflected a -0.30% versus prior -0.20%; while Capital Goods Shipments forecast for January reflected a -0.10% versus prior 0.10%.

New York Fed President Dudley speaks today at the U.S. Virgin Islands; Fed Governor Lael Brainard speaks today in New York; and Dallas Fed President Kaplan speaks today in Houston.

The curve has bull-flattened with the UST 10-Year yield down 0.9 bp from prior closing.
 
 
   
 
   
 
This Week's Events
 
 
  DATE EVENT TIME(PT) PERIOD SURVEY ACTUAL PRIOR REVISED  
  03/05 Markit US Services PMI 06:45 Feb F 55.90 55.90 55.90 -  
                   
  03/05 Markit US Composite PMI 06:45 Feb F - 55.80 55.90 -  
                   
  03/06 Factory Orders 07:00 Jan -1.40% -1.40% 1.70% 1.80%  
                   
  03/06 Durable Goods Orders 07:00 Jan F -3.60% -3.60% -3.70% -  
                   
  03/06 Durables Ex Transportation 07:00 Jan F - -0.30% -0.30% -  
                   
  03/07 MBA Mortgage Applications 04:00 2 Mar - - 2.70% -  
                   
  03/07 ADP Employment Change 05:15 Feb 200k - 234k -  
                   
  03/07 Nonfarm Productivity 05:30 4Q F -0.10% - -0.10% -  
                   
  03/07 Trade Balance 05:30 Jan -$55.10b - -$53.10b -  
                   
  03/07 Consumer Credit 12:00 Jan $17.650b - $18.447b -  
                   
  03/08 Challenger Job Cuts YoY 04:30 Feb - - -2.80% -  
                   
  03/08 Initial Jobless Claims 05:30 3 Mar  220k - 210k -  
                   
  03/08 Continuing Claims 05:30 24 Feb 1919k - 1931k -  
                   
  03/08 Bloomberg Consumer Comfort 06:45 4 Mar - - 56.20 -  
                   
  03/09 Change in Nonfarm Payrolls 05:30 Feb 200k - 200k -  
                   
  03/09 Unemployment Rate 05:30 Feb 4.00% - 4.10% -  
                   
  03/09 Underemployment Rate 05:30 Feb - - 8.20% -  
                   
  03/09 Average Hourly Earning MoM 05:30 Feb 0.20% - 0.30% -  
                   
  03/09 Average Hourly Earning YoY 05:30 Feb 2.80% - 2.90% -  
                   
  03/09 Labor Force Participation Rate 05:30 Feb 62.70% - 62.70% -  
                   
  03/09 Wholesale Inventories MoM 07:00 Jan F 0.70% - 0.70% -  
                   
  03/09 Wholesale Trade Sales MoM 07:00 Jan - - 1.20% -  
                   
 
 
 
 
Helpful Links
  Visit Us Online   Submit Loan  
  Get Approved   SeeMyLoanStatusTM  
  Download Rate Sheet   Conventional Program Guidelines  
  Price & Lock   Government Program Guidelines  
 
 
   
 
  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  
 
©2019 Sun West Mortgage Company, Inc. All Rights Reserved