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Market Commentary


 
Today's Coupons
 
  10-Year Notes   99-03 (-03)  
 
  FN 3.5% Coupon   99-23.5 (-01.5)  
 
  Support   2.950%  
 
  Resistance   2.652%  
 
 
 
 
Monday, March 19, 2018
 
 
Treasuries are lower than Friday at the opening of today’s session. The yield on the UST 10-Year is currently at 2.862% after closing at 2.845% during the prior session.

The first releases of this week’s economic calendar are scheduled to come in on Wednesday, when MBA Mortgage Applications, Current Account Balance and Existing Home Sales will be featured. The calendar continues on Thursday with Initial and Continuing Jobless Claims, House Price Index and Markit Manufacturing; and concludes on Friday with New Home Sales, Capital Goods and Durable Goods Orders. 

Further, Atlanta Fed President Bostic is scheduled to speak today on Community Reinvestment Act at a conference in Miami; while the Federal Reserve’s FOMC is scheduled to meet on Wednesday, March 21 to determine if current economic data warrant further increases to the Fed Funds Target Rate.

The curve has bear-flattened with the UST 10-Year yield up 1.7 bps from prior closing.
 
 
   
 
   
 
This Week's Events
 
 
  DATE EVENT TIME(PT) PERIOD SURVEY ACTUAL PRIOR REVISED  
  03/19 No Data - - - - - -  
                   
  03/20 No Data - - - - - -  
                   
  03/21 MBA Mortgage Applications 04:00 16 Mar - - 0.90% -  
                   
  03/21  Existing Home Sales 07:00 Feb 5.40m - 5.38m -  
                   
  03/21 Existing Home Sales MoM 07:00 Feb 0.40% - -3.20% -  
                   
  03/21 FOMC Rate Decision (Upper Bound) 11:00 21 Mar  1.75% - 1.50% -  
                   
  03/21 FOMC Rate Decision (Lower Bound) 11:00 21 Mar  1.50% - 1.25% -  
                   
  03/22 Initial Jobless Claims 05:30 17 Mar  225k - 226k -  
                   
  03/22 Continuing Claims 05:30 10 Mar  1873k - 1879k -  
                   
  03/22 FHFA House Price Index MoM 06:00 Jan 0.40% - 0.30% -  
                   
  03/22 Bloomberg Consumer Comfort 06:45 18 Mar - - 56.20 -  
                   
  03/22 Markit US Manufacturing PMI 06:45 Mar P 55.60 - 55.30 -  
                   
  03/22 Leading Index 07:00 Feb 0.50% - 1.00% -  
                   
  03/22 Markit US Services PMI 07:45 Mar P 56.00 - 55.90 -  
                   
  03/22 Markit US Composite PMI 07:45 Mar P - - 55.80 -  
                   
  03/22 Kansas City Fed Manf. Activity 08:00 Mar 17.00 - 17.00 -  
                   
  03/23 Durable Goods Orders 05:30 Feb P 1.60% - -3.60% -  
                   
  03/23 Durables Ex Transportation 05:30 Feb P 0.50% - -0.30% -  
                   
  03/23 New Home Sales 07:00 Feb 620k - 593k -  
                   
  03/23 New Home Sales MoM 07:00 Feb 4.60% - -7.80% -  
                   
 
 
 
 
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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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