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Market Commentary


 
Today's Coupons
 
  10-Year Notes   100-20 (+05) 1.929%  
  FN 3.5% Coupon   104-30.5 (+04.5)  
  Support   2.40%  
 
  Resistance   1.62%  
 
 
 
 
 
Today's Blurb Thursday, March 19, 2015
 
 
        The Current Account Balance increased to -$113.5 Billion in the fourth quarter of 2014 from -$98.9 Billion (revised) in the third quarter. The deficit increased to 2.6% of current dollar GDP vs. 2.2% in the third quarter. The deficit on goods and services increased to $127 Billion in the fourth quarter from $ 123.9 Billion in the third quarter and the services surplus increased to $58.2 Billion from $57.2 Billion in the third quarter. The number of Americans filing for unemployment was in line with expectations last week with Jobless Claims posting 291K (consensus 293K), and the prior week's total was revised up to 290K from 289K. Continuing Claims fell to 2417K (consensus 2400K), and the prior week's total was revised up from 2418K to 2428K. Yesterday treasuries got a boost following the release of the FOMC statement in which the Fed removed the "patient" clause and released lowered projections for their forecasted economic data. The Fed lowered their inflation expectations and growth expectations for the short term. Today treasuries remain elevated, with yield on the 10-Year note hovering below the 2% mark, and the curve has bull flattened with 2s10s down -2.8 bps.
 
 
   
 
This Week's Events
 
 
  DATE EVENT TIME(PT) PERIOD SURVEY ACTUAL PRIOR REVISED  
  03/16 Empire Manufacturing 05:30 Mar 8.00 6.90 7.78 -  
                   
  03/16 Industrial Production MoM 06:15 Feb 0.20% 0.10% 0.20% -0.30%  
                   
  03/16 Capacity Utilization 06:15 Feb 79.50% 78.90% 79.40% 79.10%  
                   
  03/17 Housing Starts 05:30 Feb 1040K 897K 1065K 1081K  
                   
  03/17 Housing Starts MoM 05:30 Feb -2.40% -17.00% -2.00% 0.00%  
                   
  03/17 Building Permits 05:30 Feb 1065K 1092K 1053K 1060K  
                   
  03/17 Building Permits MoM 05:30 Feb 0.50% 3.00% -0.70% 0.00%  
                   
  03/18 MBA Mortgage Applications 04:00 Mar 13 - -3.90% -1.30% -  
                   
  03/18 FOMC Rate Decision (Upper Bound) 11:00 Mar 18 0.25% 0.25% 0.25% -  
                   
  03/18 FOMC Rate Decision (Lower Bound) 11:00 Mar 18 0.00% 0.00% 0.00% -  
                   
  03/19 Current Account Balance 05:30 4Q -$104.10 Bn -$113.50 Bn -$100.30 Bn -$98.90 Bn  
                   
  03/19 Jobless Claims 05:30 Mar 14 293K 291K 289K 290K  
                   
  03/19 Continuing Claims 05:30 Mar 7 2400K 2417K 2418K 2428K  
                   
  03/19 Leading Index 07:00 Feb 0.20% 0.20% 0.20% -  
                   
  03/20 No Data - - - - - -  
                   
 
 
 
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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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