Treasuries are relatively flat across the curve this morning from yesterday’s close. The UST10-Year yield is currently at 2.965% after closing at 2.963% prior.
This week’s economic calendar wraps up with the release of the April Import Price Index, which rose 0.30% month-over-month following a downwardly revised 0.20% decrease prior. Import Prices are up 3.30% year-over-year, which remained unchanged from a downwardly revised 3.30% increase prior. Further, Export Prices rose above expectations at 0.60% versus an increase of 0.40% per consensus. Export Prices increased from 0.30% in March, which accelerated to 3.80% year-over-year versus 3.40% prior.
The preliminary reading of the University of Michigan Sentiment for May came in above expectations at 98.80 versus 98.30 per consensus, which remained unchanged from prior. The preliminary reading of the Michigan Sentiment 1 Year Inflation came in slightly higher at 2.80% versus 2.70% prior, while the 5-10 Year Inflation remained unchanged at 2.50% from prior.
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
This week’s economic calendar wraps up with the release of the April Import Price Index, which rose 0.30% month-over-month following a downwardly revised 0.20% decrease prior. Import Prices are up 3.30% year-over-year, which remained unchanged from a downwardly revised 3.30% increase prior. Further, Export Prices rose above expectations at 0.60% versus an increase of 0.40% per consensus. Export Prices increased from 0.30% in March, which accelerated to 3.80% year-over-year versus 3.40% prior.
The preliminary reading of the University of Michigan Sentiment for May came in above expectations at 98.80 versus 98.30 per consensus, which remained unchanged from prior. The preliminary reading of the Michigan Sentiment 1 Year Inflation came in slightly higher at 2.80% versus 2.70% prior, while the 5-10 Year Inflation remained unchanged at 2.50% from prior.
The curve has bear-flattened with the UST 10-Year yield up 0.2 bp from prior closing.
Have A Nice Weekend!