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Market Commentary


 
Today's Coupons
 
  10-Year Notes   97-29.5 (+07.5) 1.856%  
 
  FN 3.5% Coupon   104-13.5 (+04)  
 
  Support   2.140%  
 
  Resistance   1.720%  
 
 
 
 
Today's Blurb Tuesday, March 29, 2016
 
 
          According to Case-Shiller data on the 20 city adjusted index, there have been steady gains MoM in home prices which rose 0.80% SA and 5.75% YoY. Consumer Confidence Index, which had declined in prior month, rose to 96.20 vs consensus of 94.00 and from 94.00 prior. Fed Chair Yellen is scheduled to speak to Economic Club of New York at 9:20 AM (PT). Treasuries are opening higher today, pushing 10-Year yields down to 1.86%. The curve has bull steepened with 2s10s up 1.0 bp.
 
 
   
 
   
 
This Week's Events
 
 
  DATE EVENT TIME(PT) PERIOD SURVEY ACTUAL PRIOR REVISED  
  03/28 Advance Goods Trade Balance 05:30 Feb -$62.200 B   -$62.864 B -$62.228 B -$62.398 B  
                   
  03/28 Personal Income 05:30 Feb  0.10%  0.20%   0.50%  -  
                   
  03/28 Personal Spending 05:30 Feb  0.10%  0.10%   0.50%    0.10%  
                   
  03/28 PCE Deflator MoM 05:30 Feb -0.10% -0.10% 0.10% -  
                   
  03/28 PCE Deflator YoY 05:30 Feb 1.00% 1.00% 1.30% 1.20%  
                   
  03/28 PCE Core MoM 05:30 Feb 0.20% 0.10% 0.30% -  
                   
  03/28 PCE Core YoY 05:30 Feb 1.80% 1.70% 1.70% -  
                   
  03/28 Dallas Fed Manf. Activity 07:30 Mar -25.80 -13.60 -31.80 -  
                   
  03/29 S&P/Case-Shiller US HPI MoM SA 06:00 Jan - 0.52%   0.78% 0.71%  
                   
  03/29 S&P/Case-Shiller US HPI YoY NSA 06:00 Jan - 5.43%   5.43% 5.34%  
                   
  03/29 Consumer Confidence Index 07:00 Mar 94.00 96.20 92.20 94.00  
                   
  03/30 MBA Mortgage Applications 04:00 25 Mar  - - -3.30% -  
                   
  03/30 ADP Employment Change 05:15 Mar  197K - 214K -  
                   
  03/31 Challenger Job Cuts YoY 04:30 Mar  -  -   21.80%  -  
                   
  03/31 Initial Jobless Claims 05:30 26 Mar 265K - 265K -  
                   
  03/31 Continuing Claims 05:30 19 Mar 2194K - 2179K -  
                   
  03/31 ISM Milwaukee 06:00 Mar  - - 55.22 -  
                   
  03/31 Bloomberg Consumer Comfort 06:45 27 Mar  - - 43.60 -  
                   
  04/01 Change in Nonfarm Payrolls 05:30 Mar 208K -  242K -  
                   
  04/01 Unemployment Rate 05:30 Mar     4.90% - 4.90% -  
                   
  04/01 Average Hourly Earnings MoM 05:30 Mar    0.20% - -0.10% -  
                   
  04/01 Average Hourly Earnings YoY 05:30 Mar    2.20% -  2.20% -  
                   
  04/01 Markit US Manufacturing PMI 06:45 Mar F 51.50 -  51.40 -  
                   
  04/01 ISM Manufacturing 07:00 Mar 50.80 -  49.50 -  
                   
  04/01 Construction Spending MoM 07:00 Feb    0.10% -   1.50% -  
                   
  04/01 U. of Mich. Sentiment 07:00 Mar F 90.50 -  90.00 -  
                   
 
 
 
 
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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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