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Market Commentary


 
Today's Coupons
 
  10-Year Notes   98-28.5 (-07.5) 1.748%  
 
  FN 3.5% Coupon   104-29 (-01)  
 
  Support   2.050%  
 
  Resistance   1.700%  
 
 
 
 
Today's Blurb Tuesday, April 12, 2016
 
 
          Import prices rose 0.20% in March (consensus +1.00%) following a downward revision in February from -0.30% to -0.40%. This is the third time Import Prices have risen in the past year. Petroleum prices rose 6.50% in March, and are down 39.50% YoY. Excluding food and fuel, the index is down 0.10% and down 2.30% YoY. Export prices were unchanged in March and are down 6.10% YoYTreasuries are declining following the data release with MBS outperforming treasury hedges by roughly 9.5 bps in the production coupons and the curve has steepened with 2s10s up 1.5 bps.
 
 
   
 
   
 
This Week's Events
 
 
  DATE EVENT TIME(PT) PERIOD SURVEY ACTUAL PRIOR REVISED  
  04/11 No Data - - - - - -  
                   
  04/12 Import Price Index MoM 05:30 Mar 1.00% 0.20% -0.30% -0.40%  
                   
  04/12 Import Price Index YoY 05:30 Mar -4.80% -6.20% -6.10% -6.50%  
                   
  04/12 Monthly Budget Statement 11:00 Mar -$104.00 B - -$52.90 B -  
                   
  04/13 MBA Mortgage Applications 04:00 8 Apr  - - 2.70% -  
                   
  04/13 Retail Sales Advance MoM 05:30 Mar 0.10% - -0.10% -  
                   
  04/13 PPI Final Demand MoM 05:30 Mar 0.20% - -0.20% -  
                   
  04/13 PPI Final Demand YoY 05:30 Mar 0.30% - 0.00% -  
                   
  04/13 Business Inventories 07:00 Feb -0.10% - 0.10% -  
                   
  04/13 U.S. Federal Reserve Releases Beige Book 11:00 -  - -   -  -  
                   
  04/14 Initial Jobless Claims 05:30 9 Apr 270K - 267K -  
                   
  04/14 Continuing Claims 05:30 2 Apr - - - -  
                   
  04/14 CPI MoM 05:30 Mar - - -0.20% -  
                   
  04/14 CPI YoY 05:30 Mar - -   1.00% -  
                   
  04/14 Real Avg Weekly Earnings YoY 05:30 Mar - -   0.60% -  
                   
  04/14 Bloomberg Consumer Comfort 06:45 10 Apr - - - -  
                   
  04/15 Empire Manufacturing 05:30 Apr - - 0.62 -  
                   
  04/15 Industrial Production MoM 06:15 Mar - - -0.50% -  
                   
  04/15 Capacity Utilization 06:15 Mar - - 76.70% -  
                   
  04/15 U. of Mich. Sentiment 07:00 Apr P - - - -  
                   
 
 
 
 
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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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