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Market Commentary

Market Commentary

Today's Coupons
  10-Year Notes   100-25.5 (-04) 1.912%  
  FN 3.5% Coupon   105-07.5 (+01.5)  
  Support   2.40%  
  Resistance   1.62%  
Today's Blurb Thursday, April 09, 2015
      The number of Americans who applied for unemployment rose +14K last week after falling to the lowest level since April 2000 the week before at a revised 267K. The four week average for Jobless Claims fell -3K to 282,250; this is the lowest level since June 2000. Continuing Claims fell to the lowest levels since December 2000, down -23K to 2.304 Million. Yesterday the FOMC released the minutes from their March 17-18 meeting revealing that policy makers remain “split” on the timing for a rate hike lift off. Fed officials cited that geopolitical concerns, a stronger dollar, and overseas risks pose a threat to future growth. Since the meeting we have seen March Payrolls at 126K, breaking a yearlong streak of gains exceeding 200K, along with wage declines which will make it difficult for the Fed to implement rate hikes in the short term.
This Week's Events
  04/06 Markit US Manufacturing PMI 06:45 Mar F - 59.20 58.50 -  
  04/06 Markit US Services PMI 06:45 Mar F 58.60 59.20 58.60 -  
  04/07 JOLTS Job Openings 07:00 Feb 5007 5133 4998 4965  
  04/08 MBA Mortgage Applications 04:00 Apr 3 - 0.40% 4.60% -  
  04/08 FOMC Minutes 11:00 Mar 17-18 - - - -  
  04/09 Initial Jobless Claims 05:30 Apr 4 283K 281K 268K 267K  
  04/09 Continuing Claims 05:30 Mar 28 2350K 2304K 2325K 2327K  
  04/09 Wholesale Inventories MoM 07:00 Feb 0.20% - 0.30% 0.20%  
  04/09 Wholesale Trade Sales MoM 07:00 Feb 0.30% - -3.10% -3.30%  
  04/10 Import Price Index MoM 05:30 Mar -0.40% - 0.40% -  
  04/10 Import Price Index YoY 05:30 Mar -10.20% - -9.40% -  
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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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