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Market Commentary

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Market Commentary


 
Today's Coupons
 
  10-Year Notes   100-15 (+04) 1.947%  
 
  FN 3.5% Coupon   104-30.5 (+03)  
 
  Support   2.40%  
 
  Resistance   1.62%  
 
 
 
 
 
Today's Blurb Tuesday, March 31, 2015
 
 
      The Case-Schiller HPI rose +0.87% in January (consensus +0.65%) following a +0.87% gain in December and a +0.80% rise in November. Year-on-year home prices are softer, up only +4.56% in January vs. +4.44% prior (revised down from 4.46%). Chicago PMI continues to show weakness at another sub 50 reading for March at 46.3 vs. 45.8 prior (consensus 51.7). Treasuries are hovering near yesterday’s 2:00 PM (PT) close levels in response to the in-line HPI data and the curve has bull steepened with 2s10s up +1.7 bps.
 
 
   
 
This Week's Events
 
 
  DATE EVENT TIME(PT) PERIOD SURVEY ACTUAL PRIOR REVISED  
03/30 Personal Income 05:30 Feb 0.30% 0.40% 0.30% 0.40%
03/30 Personal Spending 05:30 Feb 0.20% 0.10% -0.20% -
03/31 S&P/Case-shiller US HPI MoM 06:00 Jan - 0.57% 0.73% 0.71%
03/31 S&P/Case-shiller US HPI YoY 06:00 Jan - 4.47% 4.62% 4.58%
04/01 MBA Mortgage Applications 04:00 Mar 27 - - 9.50% -
04/01 ADP Employment Change 05:15 Mar 225K - 212K -
04/01 Markit US Manufacturing PMI 06:45 Mar F 55.30 - 55.30 -
04/01 Construction Spending MoM 07:00 Feb -0.10% - -1.10% -
04/01 ISM Manufacturing 07:00 Mar 52.50 - 52.90 -
04/02 Initial Jobless Claims 05:30 Mar 28 285K - 282K -
04/02 Continuing Claims 05:30 Mar 21 2410K - 2416K -
04/02 Trade Balance 05:30 Feb -$41.20 Bn - -$41.80 Bn -
04/02 Factory Orders 07:00 Feb -0.40% - -0.20% -
04/03 Nonfarm Payrolls 05:30 Mar 245K - 295K -
04/03 Unemployment Rate 05:30 Mar 5.50% - 5.50% -
 
 
 
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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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