Back to top

Market Commentary

Home
Market Commentary


 
Today's Coupons
 
  10-Year Notes   99-15.5 (+0.5)  
 
  FN 3.5% Coupon   102-20 (+01)  
 
  Support   2.345%  
 
  Resistance   2.175%  
 
 
 
 
Thursday, April 27, 2017
 
 
Treasuries are slightly lower across the curve this morning. The UST 10-Year yield is currently at 2.309% after closing at 2.304% prior.

Yesterday, the Trump administration presented details of the guidelines for the proposed tax reform. Although the details were mostly aligned with the tax reform that President Trump promised during his campaign, it lacked details of how the proposed plan would be paid for, which was a major component that investors were looking for.

Today’s heavy economic calendar kicked off with Wholesale Inventories, which came in below expectations, slipping to -0.10% from a downwardly revised 0.20% prior. Durable Goods Orders rose 0.70% in March from an upwardly revised 2.30% prior, marking a third straight month of increase. Durable Ex Transportation fell to -0.20% from an upwardly revised 0.70% prior. Initial Jobless Claims for the week of April 22nd rose 14k to 257k from a downwardly revised 243k prior, the highest jump since the week that ended March 25th, while Continuing Claims rose 10k to 1988k from a downwardly revised 1978k prior.

The curve has bear-steepened with the UST 10-Year up 0.5 bp from prior closing.
 
 
   
 
   
 
This Week's Events
 
 
  DATE EVENT TIME(PT) PERIOD SURVEY ACTUAL PRIOR REVISED  
  04/24 Chicago Fed Nat Activity Index 05:30 Mar 0.50 0.08 0.34 0.27  
                   
  04/24 Dallas Fed Manf. Activity 07:30 Apr 17.00 16.80 16.90 -  
                   
  04/25 FHFA House Price Index MoM 06:00 Feb 0.40% 0.80% 0.00% 0.20%  
                   
  04/25 S&P CoreLogic CS 20-City MoM SA 06:00 Feb 0.72% 0.69% 0.86% -  
                   
  04/25 S&P CoreLogic CS 20-City YoY NSA 06:00 Feb 5.78% 5.85% 5.73% 5.66%  
                   
  04/25 New Home Sales 07:00 Mar 584k 621k 592k 587k  
                   
  04/25 New Home Sales MoM 07:00 Mar -1.40% 5.80% 6.10% 0.30%  
                   
  04/25 Richmond Fed Manufact. Index 07:00 Apr 16.00 20.00 22.00 -  
                   
  04/26 MBA Mortgage Applications 04:00 21 Apr - 2.70% -1.80% -  
                   
  04/27 Wholesale Inventories MoM 05:30 Mar P 0.20% -0.10% 0.40% 0.20%  
                   
  04/27 Durable Goods Orders 05:30 Mar P 1.30% 0.70% 1.80% 2.30%  
                   
  04/27 Durables Ex Transportation 05:30 Mar P 0.40% -0.20% 0.50% 0.70%  
                   
  04/27 Initial Jobless Claims 05:30 22 Apr 245k 257k 244k 243k  
                   
  04/27 Continuing Claims 05:30 15 Apr 2007k 1988k 1979k 1978k  
                   
  04/27 Bloomberg Consumer Comfort 06:45 23 Apr - 50.80 49.90 -  
                   
  04/27 Pending Home Sales MoM 07:00 Mar -1.00% -0.80% 5.50% -  
                   
  04/27 Pending Home Sales NSA YoY 07:00 Mar - 0.50% -2.40% -  
                   
  04/27 Kansas City Fed Manf. Activity 08:00 Apr 17.00 - 20.00 -  
                   
  04/28 GDP Annualized QoQ 05:30 1Q A 1.00% - 2.10% -  
                   
  04/28 Personal Consumption 05:30 1Q A 0.90% - 3.50% -  
                   
  04/28 GDP Price Index 05:30 1Q A 2.00% - 2.10% -  
                   
  04/28 Core PCE QoQ 05:30 1Q A 2.00% - 1.30% -  
                   
  04/28 U. of Mich. Sentiment 07:00 Apr F 98.00 - 98.00 -  
                   
 
 
 
 
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  
 
©2017 Sun West Mortgage Company, Inc. All Rights Reserved