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Market Commentary

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Market Commentary


 
Today's Coupons
 
  10-Year Notes   98-26.5 (-01.5) 1.756%  
 
  FN 3.5% Coupon   104-31 (-01)  
 
  Support   2.050%  
 
  Resistance   1.700%  
 
 
 
 
Today's Blurb Tuesday, May 10, 2016
 
 
        Wholesale Inventories posted in line with consensus, rising 0.10% in March following a downward revision in February from -0.50% to -0.60%. Excluding oil, Wholesale Inventories were unchanged in March. Wholesale Trade Sales rose 0.70% (consensus +0.50%) following a 0.20% drop in February. Excluding automobiles, Wholesale Sales rose 0.90% in March. Treasuries are largely unchanged following the data release and remain just below yesterday‚Äôs 2:00 PM (PT) close. The curve has flattened with 2s10s down 1.3 bps.
 
 
   
 
   
 
This Week's Events
 
 
  DATE EVENT TIME(PT) PERIOD SURVEY ACTUAL PRIOR REVISED  
  05/09 Labor Market Conditions Index Change 07:00 Apr -1.00 -0.90 -2.10 -  
                   
  05/10 Wholesale Inventories MoM 07:00 Mar 0.10% 0.10% -0.50% -0.60%  
                   
  05/10 Wholesale Trade Sales MoM 07:00 Mar 0.50% 0.70% -0.20% -  
                   
  05/10 JOLTS Job Openings 07:00 Mar 5450.00 5757.00 5445.00 5608.00  
                   
  05/11 MBA Mortgage Applications 04:00 6 May - - -3.40% -  
                   
  05/11 Monthly Budget Statement 11:00 Apr $107.00 B - $156.70 B -  
                   
  05/12 Import Price Index MoM 05:30 Apr 0.60% - 0.20% -  
                   
  05/12 Initial Jobless Claims 05:30 7 May 270K - 274K -  
                   
  05/12 Import Price Index YoY 05:30 Apr -5.40% - -6.20% -  
                   
  05/12 Continuing Claims 05:30 30 Apr 2120K - 2121K -  
                   
  05/12 Bloomberg Consumer Comfort 06:45 8 May - - 42.00 -  
                   
  05/13 Retail Sales Advance MoM 05:30 Apr 0.80% - -0.30% -0.40%  
                   
  05/13 PPI Final Demand MoM 05:30 Apr 0.30% - -0.10% -  
                   
  05/13 PPI Final Demand YoY 05:30 Apr 0.20% - -0.10% -  
                   
  05/13 Business Inventories 07:00 Mar 0.20% - -0.10% -  
                   
  05/13 U. of Mich. Sentiment 07:00 May P 89.50 - 89.00 -  
                   
 
 
 
 
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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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