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Market Commentary

Market Commentary

Today's Coupons
  10-Year Notes   99-03.5 (-01) 2.102%  
  FN 3.5% Coupon   104-07 (-01)  
  Support   2.40%  
  Resistance   1.62%  
Today's Blurb Friday, March 13, 2015
    Producer Price Index (PPI) final demand fell -0.5% in February vs. consensus of +0.3% following a -0.8% drop in January. The energy component was flat in February after declining -10.3% in January, and foods component declined -1.6% after slipping -0.1% in January. Excluding food and Energy PPI posted a monthly drop of -0.5% vs. -0.1% prior (consensus +0.1%). Year-over-year PPI is down -0.6% (consensus +0.0%) and excluding food and energy PPI is up +1.0% (consensus +1.6%). With sluggish inflation the Federal Reserve will have a difficult time raising rates without the risk of deflation. Treasuries got a boost this morning, following the disappointing inflation data and the curve has bear steepened with 2s10s up +0.7 bps.
Have A Great Weekend!
Today's Events
  03/13 PPI Final Demand MoM 05:30 Feb 0.3% -0.5% -0.8% -  
  03/13 PPI Final Demand YoY 05:30 Feb 0.0% -0.6% 0.0% -  
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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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