Back to top

Market Commentary

Home
Market Commentary


 
Today's Coupons
 
  10-Year Notes   99-14 (-10)  
 
  FN 3.5% Coupon   99-29 (-04)  
 
  Support   2.950%  
 
  Resistance   2.719%  
 
 
 
 
Thursday, April 12, 2018
 
 
Treasuries are lower than yesterday at the opening of today’s session. The yield on the UST 10-Year is currently at 2.818% after closing at 2.782% during the prior session.

The 10-Year Note lost territory at the opening of the session today as risk assets recovered value following yesterday’s drop amid allegations from President Trump that an attack on Syria could be imminent.

Initial Jobless Claims for the week ended on April 7 reached 233k, exceeding expectations of 230k but coming down from previous 242k mark. Continuing Claims for the week ended on March 31 reached 1871k, above survey of 1843k and rising from prior mark of 1818k revised. Further, the month-over-month Import Price Index for March reflected a 0.00% change, versus estimates of 0.10% and down from prior 0.30% revised; while the year-over-year Import Price Index for March reflected a 3.60% change, versus estimates of 3.80% and up from prior 3.40% revised. Conversely, the month-over-month Export Price Index for March reflected a 0.30% change, versus survey and prior mark of 0.20%; while the year-over-year Export Price Index for March reflected a 3.40% change compared to its prior mark of 3.20% revised. Finally, the Bloomberg Consumer Comfort Index for the week ended April 8 scored 58.00 versus prior mark of 57.20.  

Minneapolis Fed President Kashkari will participate in a panel today in Minneapolis. Also, A U.S. Treasury auction cycle concludes today at 10:00 AM (PT) with $13 Billion in 30-Year bonds.

The curve has bear-steepened with the UST 10-Year yield up 3.6 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 - -1.90% -3.30% -  
                   
  04/11 CPI MoM 05:30 Mar 0.00% -0.10% 0.20% -  
                   
  04/11 CPI YoY 05:30 Mar 2.40% 2.40% 2.20% -  
                   
  04/11 Monthly Budget Statement 11:00 Mar -$186.00b -$208.70b -$176.20b -  
                   
  04/11 FOMC Meeting Minutes 11:00 21 Mar - - - -  
                   
  04/12 Import Price Index MoM 05:30 Mar 0.10% 0.00% 0.40% 0.30%  
                   
  04/12 Import Price Index YoY 05:30 Mar 3.80% 3.60% 3.50% 3.40%  
                   
  04/12 Export Price Index MoM 05:30 Mar 0.20% 0.30% 0.20% -  
                   
  04/12 Export Price Index YoY 05:30 Mar - 3.40% 3.30% 3.20%  
                   
  04/12 Initial Jobless Claims 05:30 7 Apr 230k 233k 242k -  
                   
  04/12 Continuing Claims 05:30 31 Mar 1843k 1871k 1808k 1818k  
                   
  04/12 Bloomberg Consumer Comfort 06:45 8 Apr - 58.00 57.20 -  
                   
  04/13 JOLTS Job Openings 07:00 Feb 6000 - 6312 -  
                   
  04/13 U. of Mich. Sentiment 07:00 Apr P 100.50 - 101.40 -  
                   
 
 
 
 
Helpful Links
  Visit Us Online   Submit Loan  
  Get Approved   SeeMyLoanStatusTM  
  Download Rate Sheet   Conventional Program Guidelines  
  Price & Lock   Government Program Guidelines  
 
 
   
 
  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  
 
©2019 Sun West Mortgage Company, Inc. All Rights Reserved