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Market Commentary


 
Today's Coupons
 
  10-Year Notes   99-02.5 (+10) 1.727%  
 
  FN 3.5% Coupon   104-30 (+02)  
 
  Support   2.140%  
 
  Resistance   1.720%  
 
 
 
 
Today's Blurb Tuesday, April 5, 2016
 
 
          The Trade Deficit widened to $47.10 Billion from a revised $45.90 Billion in January. Exports rose 1.00% to $178.07 Billion and Imports rose 1.30% to $225.13 Billion. Markit US Services PMI rose to 51.30 from 51.00 (consensus 51.20), and Markit US Composite PMI rose to 51.30 from 51.10. Treasuries are higher this morning with a muted data reaction and the curve has flattened with 2s10s down 3.3 bps.
 
 
   
 
   
 
This Week's Events
 
 
  DATE EVENT TIME(PT) PERIOD SURVEY ACTUAL PRIOR REVISED  
  04/04 ISM New York 06:45 Mar 54.10 50.40 53.60 -  
                   
  04/04 Factory Orders 07:00 Feb -1.70% -1.70%   1.60% 1.20%  
                   
  04/04 Durable Goods Orders 07:00 Feb F -2.80% -3.00% -2.80% -  
                   
  04/04 Durables Ex Transportation 07:00 Feb F -1.00% -1.30% -1.00% -  
                   
  04/05 Trade Balance 05:30 Feb -$46.20 B -$47.10 B -$45.70 B -$45.90 B  
                   
  04/05 Markit US Services PMI 06:45 Mar F 51.20 51.30 51.00 -  
                   
  04/05 Markit US Composite PMI 06:45 Mar F - 51.30 51.10 -  
                   
  04/05 JOLTS Job Openings 07:00 Feb 5490 5445 5541 5604  
                   
  04/06 MBA Mortgage Applications 04:00 1 Apr  - - -1.00% -  
                   
  04/06 U.S. Fed Releases Minutes from FOMC Meeting 11:00 15- 16 Mar  - -   -  -  
                   
  04/07 Initial Jobless Claims 05:30 2 Apr 270K - 276K -  
                   
  04/07 Continuing Claims 05:30 26 Mar 2170K - 2173K -  
                   
  04/07 Bloomberg Consumer Comfort 06:45 3 Apr  - - 42.80 -  
                   
  04/08 Wholesale Inventories MoM 07:00 Feb    -0.20% -   0.30% 0.20%  
                   
  04/08 Wholesale Trade Sales MoM 07:00 Feb     0.20% -  -1.30% -1.70%  
                   
 
 
 
 
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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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