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Market Commentary


 
Today's Coupons
 
  10-Year Notes   98-13.5 (-08.5) 1.801%  
 
  FN 3.5% Coupon   104-25 (-01.5)  
 
  Support   2.050%  
 
  Resistance   1.700%  
 
 
 
 
Today's Blurb Tuesday, April 19, 2016
 
 
         Housing Starts disappointed consensus, declining 8.80% (consensus -1.10%) in March following an upward revision in February from 5.20% to 6.90%. Building Permits sank 7.70% (consensus +2.00%) followed by a slight upward revision in February from -3.10% to -2.20%. Despite the dip in building activity, single-family starts are up 22.20% annually. Treasuries initially sold off in response to an overnight recovery in oil to above $40.00 a barrel, and then rallied back following the disappointing data. The curve has steepened with 2s10s up 0.6 bp.
 
 
   
 
   
 
This Week's Events
 
 
  DATE EVENT TIME(PT) PERIOD SURVEY ACTUAL PRIOR REVISED  
  04/18 NAHB Housing Market Index 07:00 Apr 59.00 58.00 58.00 -  
                   
  04/19 Housing Starts 05:30 Mar 1166K 1089K 1178K 1194K  
                   
  04/19 Housing Starts MoM 05:30 Mar -1.10% -8.80% 5.20% 6.90%  
                   
  04/19 Building Permits 05:30 Mar 1200K 1086K 1167K 1177K  
                   
  04/19 Building Permits MoM 05:30 Mar 2.00% -7.70% -3.10% -2.20%  
                   
  04/20 MBA Mortgage Applications 04:00 15 Apr  - - 10.00% -  
                   
  04/20 Existing Home Sales 07:00 Mar 5.28M - 5.08M -  
                   
  04/20 Existing Home Sales MoM 07:00 Mar 4.00% - -7.10% -  
                   
  04/21 Initial Jobless Claims 05:30 16 Apr 265K - 253K -  
                   
  04/21 Continuing Claims 05:30 9 Apr 2171K - 2171K -  
                   
  04/21 Philadelphia Fed Business Outlook 05:30 Apr 9.00 - 12.40 -  
                   
  04/21 FHFA House Price Index MoM 06:00 Feb 0.40% -   0.50% -  
                   
  04/21 Bloomberg Consumer Comfort 06:45 17 Apr - - 43.60 -  
                   
  04/21 Leading Index 07:00 Mar 0.40% -    0.10% -  
                   
  04/22 Markit US Manufacturing PMI 06:45 Apr P 52.00 - 51.50 -  
                   
 
 
 
 
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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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