Back to top

Market Commentary

Home
Market Commentary


 
Today's Coupons
 
  10-Year Notes   98-30 (+02) 1.741%  
 
  FN 3.5% Coupon   104-25 (-01)  
 
  Support   1.890%  
 
  Resistance   1.640%  
 
 
 
 
Today's Blurb Friday, May 13, 2016
 
 
       Retail Sales rose the most since March 2015 last month, boosting estimates for Q2 GDP to bounce back from the Q1 slowdown. Sales climbed 1.30% in April following a 0.30% drop in March. Core Retail Sales advanced 0.90% following an upward revision in March from +0.10% to +0.20%. Wholesale Prices accelerated in April for the first time in three months, up 0.20% (consensus +0.30%) following a 0.10% decline in March. Energy prices rose 0.20% vs. +1.80% prior, food prices declined for the third consecutive month down 0.30%, and wholesale prices less food and energy rose 0.10%. Treasuries initially lost ground on the stronger than anticipated Retail Sales data, and have since been recovering their overnight gains. The curve has flattened with 2s10s down 4 bps.
Have A Spectacular Weekend!
 
 
   
 
   
 
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 - 41.70 42.00 -  
                   
  05/13 Retail Sales Advance MoM 05:30 Apr 0.80% 1.30% -0.30% -0.30%  
                   
  05/13 PPI Final Demand MoM 05:30 Apr 0.30% 0.20% -0.10% -  
                   
  05/13 PPI Final Demand YoY 05:30 Apr 0.20% 0.00% -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 -  
                   
 
 
 
 
Helpful Links
  Visit Us Online   Submit Loan  
  Get Approved   Resolve Loan Conditions  
  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  
 
© Sun West Mortgage Company, Inc. All Rights Reserved