Back to top

Market Commentary

Home
Market Commentary


 
Today's Coupons
 
  10-Year Notes   97-01.5 (-05) 1.954%  
 
  FN 3.5% Coupon   104-02.5 (-01.5)  
 
  Support   2.140%  
 
  Resistance   1.720%  
 
 
 
 
Today's Blurb Friday, March 11, 2016
 
 
          Import Prices fell 0.30% in February (consensus -0.70%) with an upward revision in January from -1.10% to -1.00%. Excluding food and fuel prices, the Import Price Index fell by 0.20% and is down 3.10% YoY.  February Export Prices fell 0.40% and are down 6.00% YoY. With this week’s quiet calendar behind us, attention turns to next week’s FOMC meeting in which market expectations are that the Fed will cite global uncertainty and weak inflation data as determinant factors in staving off a rate hike. It is also expected that the Fed will likely leave a hike on the table for the next upcoming meetings. Treasuries are hovering just below yesterday’s 2:00 PM (PT) close levels and the curve has flattened with 2s10s down 1.4 bps.
Have A Great Weekend!
 
 
   
 
   
 
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  92.90   93.90 -  
                   
  03/09 MBA Mortgage Applications 04:00 4 Mar  -   0.20%   -4.80% -  
                   
  03/09 Wholesale Inventories MoM 07:00 Jan  -0.20%  0.30%  -0.10%   0.00%  
                   
  03/09 Wholesale Trade Sales MoM 07:00 Jan  -0.30% -1.30%  -0.30% -0.60%  
                   
  03/10 Initial Jobless Claims 05:30 5 Mar  275K 259K 278K 277K  
                   
  03/10 Continuing Claims 05:30 27 Feb  2250K 2225K 2257K -  
                   
  03/10 Bloomberg Consumer Comfort 06:45 6 Mar  - 43.80 43.60 -  
                   
  03/10 Monthly Budget Statement 11:00 Feb  -$196.30 B - -$192.40 B -  
                   
  03/11 Import Price Index MoM 05:30 Feb  -0.70% -0.30% -1.10% -1.00%  
                   
  03/11 Import Price Index YoY 05:30 Feb  -6.50% -6.10% -6.20% -6.30%  
                   
 
 
 
 
Helpful Links
  Visit Us Online   Submit Loan  
  Get Approved   Resolve Loan Conditions  
  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  
 
© Sun West Mortgage Company, Inc. All Rights Reserved