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Market Commentary


 
Today's Coupons
 
  10-Year Notes   98-21.5 (-02) 1.773%  
 
  FN 3.5% Coupon   104-25.5 (00)  
 
  Support   2.050%  
 
  Resistance   1.700%  
 
 
 
 
Today's Blurb Thursday, April 14, 2016
 
 
         The number of people filing for unemployment benefits fell 13K last week to 253K with a downward revision in the prior week from 267K to 266K. The four week moving average for initial claims fell 1.5K to 265K. Continuing Claims fell to 2171K vs. 2189K prior (revised). Consumer prices edged up 0.10% in March with higher gas prices outweighing declines in clothes and groceries. Energy prices rose 0.90%, following three consecutive monthly declines. CPI year-over-year is up 0.90% (consensus 1.00%) vs. 1.00% prior. Core CPI rose 0.10% in March (consensus +0.20%) vs. +0.30% prior (+2.20% YoY). Inflation-adjusted hourly wages increased 0.20% in March and are up 1.10% YoY. Treasuries have declined this morning, despite the disappointing inflation data, and the curve has steepened with 2s10s up 0.8 bp.
 
 
   
 
   
 
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  - 10.00% 2.70% -  
                   
  04/13 Retail Sales Advance MoM 05:30 Mar 0.10% -0.30% -0.10% 0.00%  
                   
  04/13 PPI Final Demand MoM 05:30 Mar 0.20% -0.10% -0.20% -  
                   
  04/13 PPI Final Demand YoY 05:30 Mar 0.30% -0.10% 0.00% -  
                   
  04/13 Business Inventories 07:00 Feb -0.10% -0.10% 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 253K 267K 266K  
                   
  04/14 Continuing Claims 05:30 2 Apr 2183K 2171K 2191K 2189K  
                   
  04/14 CPI MoM 05:30 Mar 0.20% 0.10% -0.20% -  
                   
  04/14 CPI YoY 05:30 Mar 1.00% 0.90%   1.00% -  
                   
  04/14 Real Avg Weekly Earnings YoY 05:30 Mar - 1.10%   0.60% 0.70%  
                   
  04/14 Bloomberg Consumer Comfort 06:45 10 Apr - 43.60 42.60 -  
                   
  04/15 Empire Manufacturing 05:30 Apr 2.00 - 0.62 -  
                   
  04/15 Industrial Production MoM 06:15 Mar -0.10% - -0.50% -  
                   
  04/15 Capacity Utilization 06:15 Mar   75.30% - 76.70% 75.40%  
                   
  04/15 U. of Mich. Sentiment 07:00 Apr P 92.00 - 91.00 -  
                   
 
 
 
 
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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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