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Market Commentary


 
Today's Coupons
 
  10-Year Notes   97-20.5 (-07) 1.890%  
 
  FN 3.5% Coupon   104-14 (-02.5)  
 
  Support   2.050%  
 
  Resistance   1.700%  
 
 
 
 
Today's Blurb Friday, April 22, 2016
 
 
        Markit US Manufacturing PMI slipped to 50.80 (consensus 52.00) in April following 51.50 in February. Downward pressure remains on treasuries today as we head into the weekend and look to next week’s FOMC meeting. Oil continues to climb higher, breaching $45.00 a barrel this morning (Brent), and we have a slightly steeper curve with 2s10s up 0.3 bp.
Have A Wonderful Weekend!
 
 
   
 
   
 
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  - 1.30% 10.00% -  
                   
  04/20 Existing Home Sales 07:00 Mar 5.28M 5.33M 5.08M 5.07M  
                   
  04/20 Existing Home Sales MoM 07:00 Mar 3.90% 5.10% -7.10% -7.30%  
                   
  04/21 Initial Jobless Claims 05:30 16 Apr 265K 247K 253K -  
                   
  04/21 Continuing Claims 05:30 9 Apr 2173K 2137K 2171K 2176K  
                   
  04/21 Philadelphia Fed Business Outlook 05:30 Apr 9.00 -1.60 12.40 -  
                   
  04/21 FHFA House Price Index MoM 06:00 Feb 0.40% 0.40%   0.50% 0.40%  
                   
  04/21 Bloomberg Consumer Comfort 06:45 17 Apr - 42.90 43.60 -  
                   
  04/21 Leading Index 07:00 Mar 0.40% 0.20%    0.10% -0.10%  
                   
  04/22 Markit US Manufacturing PMI 06:45 Apr P 52.00 50.80 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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