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Market Commentary


 
Today's Coupons
 
  10-Year Notes   99-18 (-05.5)  
 
  FN 3.5% Coupon   100-01.5 (-03)  
 
  Support   2.950%  
 
  Resistance   2.719%  
 
 
 
 
Tuesday, April 10, 2018
 
 
Treasuries are lower than yesterday at the opening of today’s session. The yield on the UST 10-Year is currently at 2.798% after closing at 2.780% during the prior session.

NFIB Small Business Optimism for March scored 104.70; below market estimates of 107.00 and down from prior mark of 107.60 per release today. Also in today, forecast month-over-month Wholesale Inventories rose 1.00% during February, versus prior mark of 1.10% but above estimates of 0.80%. Further, month-over-month Wholesale Trade Sales rose 1.00% during February, above estimates of 0.10% and up from prior revised mark of -1.50%. 

Finally, month-over-month PPI Final Demand for March reflected a 0.30% change, versus estimated 0.10% and up from prior 0.20%; while year-over-year PPI Final Demand for March reflected a 3.00% change, versus estimated 2.90% and up from prior 2.80%.

Federal Reserve Bank speakers for today include Dallas’ President Kaplan, who will speak in Beijing; and Atlanta’s President Bostic, who will also speak at an event in Massachusetts. The Fed’s FOMC is expected to release their minutes tomorrow for the meeting held on March 21.

The curve has bear-flattened with the UST 10-Year yield up 1.8 bps from prior closing.
 
 
   
 
   
 
This Week's Events
 
 
  DATE EVENT TIME(PT) PERIOD SURVEY ACTUAL PRIOR REVISED  
  04/09 No Data - - - - - -  
                   
  04/10 NFIB Small Business Optimism 03:00 Mar 107.00 104.70 107.60 -  
                   
  04/10 PPI Final Demand MoM 05:30 Mar 0.10% 0.30% 0.20% -  
                   
  04/10 PPI Final Demand YoY 05:30 Mar 2.90% 3.00% 2.80% -  
                   
  04/10 Wholesale Inventories MoM 07:00 Feb F 0.80% 1.00% 1.10% -  
                   
  04/10 Wholesale Trade Sales MoM 07:00 Feb 0.10% 1.00% -1.10% -1.50%  
                   
  04/11 MBA Mortgage Applications 04:00 6 Apr - - -3.30% -  
                   
  04/11 CPI MoM 05:30 Mar 0.00% - 0.20% -  
                   
  04/11 CPI YoY 05:30 Mar 2.40% - 2.20% -  
                   
  04/11 Monthly Budget Statement 11:00 Mar -$186.00b - -$215.20b -  
                   
  04/11 FOMC Meeting Minutes 11:00 21 Mar - - - -  
                   
  04/12 Import Price Index MoM 05:30 Mar 0.10% - 0.40% -  
                   
  04/12 Import Price Index YoY 05:30 Mar 3.80% - 3.50% -  
                   
  04/12 Export Price Index MoM 05:30 Mar 0.10% - 0.20% -  
                   
  04/12 Export Price Index YoY 05:30 Mar - - 3.30% -  
                   
  04/12 Initial Jobless Claims 05:30 7 Apr 230k - 242k -  
                   
  04/12 Continuing Claims 05:30 31 Mar 1843k - 1808k -  
                   
  04/12 Bloomberg Consumer Comfort 06:45 8 Apr - - 57.20 -  
                   
  04/13 JOLTS Job Openings 07:00 Feb 6065 - 6312 -  
                   
  04/13 U. of Mich. Sentiment 07:00 Apr P 100.40 - 101.40 -  
                   
 
 
 
 
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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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