Back to top

Market Commentary

Home
Market Commentary


 
Today's Coupons
 
  10-Year Notes   100-00 (+07)  
 
  FN 3.5% Coupon   100-05.5 (+04.5)  
 
  Support   2.950%  
 
  Resistance   2.746%  
 
 
 
 
Wednesday, March 28, 2018
 
 
Treasuries are higher than yesterday at the opening of today’s session. The yield on the UST 10-Year is currently at 2.749% after closing at 2.776% during the prior session.

Annualized quarter-over-quarter GDP for the 4th quarter reached 2.90% in its third revision released today. The print comes above an estimated 2.70% and up from its previous revision of 2.50%. Also in today, the third revision for the GDP Price Index for the 4th quarter remained at 2.30%, matching both prior mark and estimates; while the third revision of 4th quarter’s Personal Consumption figures rose to 4.00%, above estimates and prior mark of 3.80%.

Also in today, month-over-month Retail Inventories for February reflected a 0.40% change versus previous revised mark of 0.70%; while preliminary month-over-month Wholesale Inventories for February reflected a 1.10% change versus previous revised mark of 1.00%. Further, month-over-month Pending Home Sales for February rose 3.10%, versus estimates of 2.00% and prior mark of -5.00% revised; while year-over-year Pending Home Sales for February dropped by -4.40% from prior mark of -1.90% revised. Finally, Mortgage Application rose 4.80% during the week ended March 23 from prior mark of -1.10%.

Atlanta’s Fed President speaks today at a Finance Professionals forum in Atlanta. 

The curve has bull-flattened with the UST 10-Year yield down 2.7 bps from prior closing.
 
 
   
 
   
 
This Week's Events
 
 
  DATE EVENT TIME(PT) PERIOD SURVEY ACTUAL PRIOR REVISED  
  03/26 Chicago Fed Nat Activity Index 05:30 Feb 0.15 0.88 0.12 0.02  
                   
  03/26 Dallas Fed Manf. Activity 07:30 Mar 33.50 21.40 37.20 -  
                   
  03/27 S&P CoreLogic CS 20-City MoM SA 06:00 Jan 0.60% 0.75% 0.64% 0.67%  
                   
  03/27 S&P CoreLogic CS 20-City YoY NSA 06:00 Jan 6.15% 6.40% 6.30% 6.31%  
                   
  03/27 Richmond Fed Manufact. Index 07:00 Mar 22.00 15.00 28.00 -  
                   
  03/28 MBA Mortgage Applications 04:00 23 Mar - 4.80% -1.10% -  
                   
  03/28 Wholesale Inventories MoM 05:30 Feb P 0.50% 1.10% 0.80% 1.00%  
                   
  03/28 GDP Annualized QoQ 05:30 4Q T 2.70% 2.90% 2.50% -  
                   
  03/28 Personal Consumption 05:30 4Q T  3.80% 4.00% 3.80% -  
                   
  03/28 GDP Price Index 05:30 4Q T  2.30% 2.30% 2.30% -  
                   
  03/28 Core PCE QoQ 05:30 4Q T   1.90% 1.90% 1.90% -  
                   
  03/28 Pending Home Sales MoM 07:00 Feb 2.00% 3.10% -4.70% -5.00%  
                   
  03/28 Pending Home Sales NSA YoY 07:00 Feb - -4.40% -1.70% -1.90%  
                   
  03/29 PCE Core YoY 05:30 Feb 1.60% - 1.50% -  
                   
  03/29 Personal Income 05:30 Feb 0.40% - 0.40% -  
                   
  03/29 Personal Spending 05:30 Feb 0.20% - 0.20% -  
                   
  03/29 PCE Deflator MoM 05:30 Feb 0.20% - 0.40% -  
                   
  03/29 PCE Deflator YoY 05:30 Feb 1.70% - 1.70% -  
                   
  03/29 PCE Core MoM 05:30 Feb 0.20% - 0.30% -  
                   
  03/29 Initial Jobless Claims 05:30 24 Mar  230k - 229k -  
                   
  03/29 Continuing Claims 05:30 17 Mar  1865k - 1828k -  
                   
  03/29 Bloomberg Consumer Comfort 06:45 25 Mar - - 56.80 -  
                   
  03/29 U. of Mich. Sentiment 07:00 Mar F 102.00 - 102.00 -  
                   
  03/30 No Data - - - - - -  
                   
 
 
 
 
Helpful Links
  Visit Us Online   Submit Loan  
  Get Approved   SeeMyLoanStatusTM  
  Download Rate Sheet   Conventional Program Guidelines  
  Price & Lock   Government Program Guidelines  
 
 
   
 
  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  
 
©2019 Sun West Mortgage Company, Inc. All Rights Reserved