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Market Commentary


 
Today's Coupons
 
  10-Year Notes   97-13 (-10.5) 1.913%  
 
  FN 3.5% Coupon   104-14.5 (-02.5)  
 
  Support   2.140%  
 
  Resistance   1.720%  
 
 
 
 
Today's Blurb Monday, March 7, 2016
 
 
           We have a very light calendar this week, ahead of next week’s FOMC meeting, with Wholesale Trade on Wednesday followed by Import/Export Prices on Friday. There is nothing on the calendar for today. January Wholesale Trade is expected to slip 0.20% in vs. -0.10% prior, and February Import Prices are expected to extend their contraction for a second consecutive month (consensus -0.70% vs. -1.10% prior). Treasuries are opening lower this morning, and the curve has steepened with 2s10s up 0.8 bp.
 
 
   
 
   
 
This Week's Events
 
 
  DATE EVENT TIME(PT) PERIOD SURVEY ACTUAL PRIOR REVISED  
  03/07 Labor Market Conditions Index C 07:00 Feb  1.00   -2.40  0.40 -0.80  
                   
  03/08 NFIB Small Business Optimism 03:00 Feb 94.00  -   93.90 -  
                   
  03/09 MBA Mortgage Applications 04:00 4 Mar  -  -   -4.80% -  
                   
  03/09 Wholesale Inventories MoM 07:00 Jan  -0.20%  -  -0.10% -  
                   
  03/09 Wholesale Trade Sales MoM 07:00 Jan  -0.30% -  -0.30% -  
                   
  03/10 Initial Jobless Claims 05:30 5 Mar  275K - 278K -  
                   
  03/10 Continuing Claims 05:30 27 Feb  2252K - 2257K -  
                   
  03/10 Bloomberg Consumer Comfort 06:45 6 Mar  - - 43.60 -  
                   
  03/10 Monthly Budget Statement 11:00 Feb  -$200.00 B - -$192.40 B -  
                   
  03/11 Import Price Index MoM 05:30 Feb  -0.70% - -1.10% -  
                   
  03/11 Import Price Index YoY 05:30 Feb  -6.50% - -6.20% -  
                   
 
 
 
 
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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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