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Market Commentary


 
Today's Coupons
 
  10-Year Notes   100-28 (+04) 1.902%  
  FN 3.5% Coupon   105-00 (+01.5)  
  Support   2.40%  
 
  Resistance   1.62%  
 
 
 
 
 
Today's Blurb Tuesday, March 24, 2015
 
 
     The Consumer Price Index increased +0.2% in February for the first inflation gain in four months following a -0.7% dip in January. The Index reflected positive contributions from costs for food (+0.2%), housing (+0.2%), and automobiles (+0.6%). The cost of medical care fell for the first time since 1975, down -0.2%. Core CPI, excluding food and energy, has risen at an annual rate of +1.7%. The combination of last month's wage decline and advancing consumer prices led to a -0.1% decline in inflation adjusted hourly earnings; this is the first decline for inflation adjusted earning in five months. Housing prices continued to rise in January, up +0.3% vs. +0.7% prior (consensus +0.5%). New Home Sales are expected to decline by -3.5% in February following January's -0.2% dip. Treasuries are opening this morning near yesterday's closing levels and the curve has bull flattened slightly with 2s10s down -0.2 bps.
 
 
   
 
This Week's Events
 
 
  DATE EVENT TIME(PT) PERIOD SURVEY ACTUAL PRIOR REVISED  
  03/23 Existing Home Sales 07:00 Mar 4.90 MM 4.88 MM 4.82 MM -  
                   
  03/23 Existing Home Sales MoM 07:00 Feb 1.70% 1.20% -4.90% -  
                   
  03/24 CPI MoM 05:30 Feb 0.20% 0.20% -0.70% -  
                   
  03/24 CPI YoY 05:30 Feb -0.10% 0.00% -0.10% -  
                   
  03/24 FHFA House Price Index MoM 06:00 Jan 0.50% 0.30% 0.80% 0.70%  
                   
  03/24 Markit US Manufacturing PMI 06:45 Mar P 54.60 55.30 55.10 -  
                   
  03/24 New Home Sales 07:00 Feb 464K 539K 481K 500K  
                   
  03/24 New Home Sales MoM 07:00 Feb -3.50% 7.80% -0.20% 4.40%  
                   
  03/25 MBA Mortgage Applications 04:00 Mar 20 - - -3.90% -  
                   
  03/25 Durable Goods Orders 05:30 Feb 0.20% - 2.80% -  
                   
  03/26 Jobless Claims 05:30 Mar 21 290K - 291K -  
                   
  03/26 Continuing Claims 05:30 Mar 14 2400K - 2417K -  
                   
  03/26 Markit US Composite PMI 06:45 Mar P - - 57.20 -  
                   
  03/26 Markit US Services PMI 06:45 Mar P 57.00 - 57.10 -  
                   
  03/27 GDP Annualized QoQ 05:30 4Q T 2.40% - 2.20% -  
                   
  03/27 Personal Consumption 05:30 4Q T 4.40% - 4.20% -  
                   
 
 
 
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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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