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Market Commentary


 
Today's Coupons
 
  10-Year Notes   98-16.5 (+23) 1.791%  
 
  FN 3.5% Coupon   104-27 (+06)  
 
  Support   2.050%  
 
  Resistance   1.700%  
 
 
 
 
Today's Blurb Tuesday, May 3, 2016
 
 
      There is no data on the calendar for today ahead of tomorrow's ADP Employment estimate, Trade balance and Durable Goods Orders. Treasuries are getting a boost this morning as weakness in both the Eurozone and China has stoked demand for safe haven U.S. debt. The curve has flattened with 2s10s down 2.8 bps and mortgages are underperforming treasury hedges by roughly 7 bps in the production coupons
 
 
   
 
   
 
This Week's Events
 
 
  DATE EVENT TIME(PT) PERIOD SURVEY ACTUAL PRIOR REVISED  
  05/02 Markit US Manufacturing PMI 06:45 Apr F 50.80 50.80 50.80 -  
                   
  05/02 ISM Manufacturing 07:00 Apr 51.40 50.80  51.80 -  
                   
  05/02 Construction Spending MoM 07:00 Mar  0.50%  0.30%  -0.50% 1.00%  
                   
  05/03 ISM New York 06:45 Apr - 57.00 50.40 -  
                   
  05/04 MBA Mortgage Applications 04:00 29 Apr - -  -4.10% -  
                   
  05/04 ADP Employment Change 05:15 Apr 195K - 200K -  
                   
  05/04 Trade Balance 05:30 Mar -$41.10 B - -$47.10 B -  
                   
  05/04 Nonfarm Productivity 05:30 1Q P -1.30% -    -2.20% -  
                   
  05/04 Markit US Services PMI 06:45 Apr F 52.10 - 52.10 -  
                   
  05/04 Markit US Composite PMI 06:45 Apr F  - - 51.70 -  
                   
  05/04 Factory Orders 07:00 Mar   0.60% -  -1.70% -  
                   
  05/04 Durable Goods Orders 07:00 Mar F   0.80% -    0.80% -  
                   
  05/04 Durables Ex Transportation 07:00 Mar F -0.10% -  -0.20% -  
                   
  05/05 Challenger Job Cuts YoY 04:30 Apr - -    31.70% -  
                   
  05/05 Initial Jobless Claims 05:30 30 Apr 260K  - 257K -  
                   
  05/05 Continuing Claims 05:30 23 Apr 2125K - 2130K -  
                   
  05/05 Bloomberg Consumer Comfort 06:45 1 May - - 43.40 -  
                   
  05/06 Change in Nonfarm Payrolls 05:30 Apr 200K  - 215K -  
                   
  05/06 Unemployment Rate 05:30 Apr   4.90% -   5.00% -  
                   
  05/06 Average Hourly Earnings MoM 05:30 Apr   0.30% -    0.30% -  
                   
  05/06 Average Hourly Earnings YoY 05:30 Apr   2.40% -    2.30% -  
                   
  05/06 Labor Force Participation Rate 05:30 Apr  63.00% -    63.00% -  
                   
  05/06 Underemployment Rate 05:30 Apr - -    9.80% -  
                   
 
 
 
 
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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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