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Market Commentary


 
Today's Coupons
 
  10-Year Notes   98-28 (-06) 1.748%  
 
  FN 3.5% Coupon   104-26.5 (-02)  
 
  Support   1.890%  
 
  Resistance   1.640%  
 
 
 
 
Today's Blurb Thursday, May 12, 2016
 
 
          Import Prices rose 0.30% in April (consensus +0.60%) following an upward revision in March from 0.20% to 0.30% and are down 5.70% YoY. Excluding food and fuel, Import Prices were unchanged for the third consecutive month. Export Prices rose 0.50% in March and are down 5.00% YoY. The number of Initial Jobless Claims rose for the third consecutive week to hit a 14-month high last week. Jobless Claims rose 294K vs. 274K prior (consensus 270K) and Continuing Claims advanced 2161K from 2124K prior. The four week moving average shot up by 10,250 to 268,250. Although Claims are still below 300K, the consistent rise over the past three weeks may point to a softening labor market. Treasuries are trading lower and the curve is steeper this morning with 2s10s up 1.2 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 - 0.40% -3.40% -  
                   
  05/11 Monthly Budget Statement 11:00 Apr $107.00 B $106.50 B $156.70 B -  
                   
  05/12 Import Price Index MoM 05:30 Apr 0.60% 0.30% 0.20% 0.30%  
                   
  05/12 Initial Jobless Claims 05:30 7 May 270K 294K 274K -  
                   
  05/12 Import Price Index YoY 05:30 Apr -5.40% -5.70% -6.20% -6.10%  
                   
  05/12 Continuing Claims 05:30 30 Apr 2120K 2161K 2121K 2124K  
                   
  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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