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Market Commentary


 
Today's Coupons
 
  10-Year Notes   98-06 (+0.5) 1.826%  
 
  FN 3.5% Coupon   104-22 (-01)  
 
  Support   2.140%  
 
  Resistance   1.720%  
 
 
 
 
Today's Blurb Thursday, March 31, 2016
 
 
          Initial Jobless Claims rose 11K last week to 276K from an unrevised 265K prior for the 56th consecutive week of claims below 300K. The four week moving average of claims rose to 263,250 from 259,750 prior. Continuing Claims fell 7K to 2173K from an upwardly revised 2180K prior. Tomorrow Nonfarm Payrolls is expected to show 205K added jobs in March following 242K in February. The 10-Year persists near yesterday’s market close and the curve has flattened with 2s10s down 1.1 bps.
 
 
   
 
   
 
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  - -1.00% -3.30% -  
                   
  03/30 ADP Employment Change 05:15 Mar  195K 200K 214K 205K  
                   
  03/31 Challenger Job Cuts YoY 04:30 Mar  -  31.70%   21.80%  -  
                   
  03/31 Initial Jobless Claims 05:30 26 Mar 265K 276K 265K -  
                   
  03/31 Continuing Claims 05:30 19 Mar 2200K 2173K 2179K 2180K  
                   
  03/31 ISM Milwaukee 06:00 Mar  - 57.78 55.22 -  
                   
  03/31 Bloomberg Consumer Comfort 06:45 27 Mar  - 42.80 43.60 -  
                   
  04/01 Change in Nonfarm Payrolls 05:30 Mar 205K -  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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