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Market Commentary


 
Today's Coupons
 
  10-Year Notes   100-18 (+09) 1.937%  
  FN 3.5% Coupon   104-26 (+03.5)  
  Support   2.40%  
 
  Resistance   1.62%  
 
 
 
 
 
Today's Blurb Friday, March 20, 2015
 
 
       We have nothing on the calendar for today ahead of next week’s GDP print for the fourth quarter of 2014. This will be the third estimate and consensus is for an upward move to 2.4% vs. 2.2% in the prior estimate. Wednesday’s policy statement continues to put wind in treasury sails pushing the 10-Year yields further below the 2% mark; the idea of a gradual road to higher rates is keeping yields low. The curve has bull flattened with 2s10s down -0.3 bps.
 
Have A Great Weekend!
 
 
   
 
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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