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Market Commentary


 
Today's Coupons
 
  10-Year Notes   98-0.5 (+04.5) 1.843%  
 
  FN 3.5% Coupon   104-16 (+03)  
 
  Support   1.910%  
 
  Resistance   1.730%  
 
 
 
 
Today's Blurb Thursday, May 19, 2016
 
 
        Initial Jobless Claims fell 16K last week to 278K from an unrevised 294K prior for the 63rd consecutive week of claims below 300K. The 4-week moving average rose to the highest level since Feb 6th, up 7,500 to 275,750 from 268,250. Continuing Claims fell 13K to 2152K from 2165K in the prior week. Yesterday’s FOMC minutes release revealed that, according to the FOMC, June is on the table. Treasuries sold off yesterday following the hawkish minutes release and this morning the curve is flat to yesterday's close. The curve has flattened with 2s10s down 1.5 bps.
 
 
   
 
   
 
This Week's Events
 
 
  DATE EVENT TIME(PT) PERIOD SURVEY ACTUAL PRIOR REVISED  
  05/16 Empire Manufacturing 05:30 May 6.50 -9.02 9.56 -  
                   
  05/16 NAHB Housing Market Index 07:00 May 59.00 58.00 58.00 -  
                   
  05/17 Housing Starts 05:30 Apr 1125K 1172K 1089K 1099K  
                   
  05/17 Housing Starts MoM 05:30 Apr   3.30%   6.60%   -8.80% -9.40%  
                   
  05/17 Building Permits 05:30 Apr 1135K 1116K 1086K 1077K  
                   
  05/17 Building Permits MoM 05:30 Apr   5.50%  3.60%   -7.70% -7.30%  
                   
  05/17 CPI MoM 05:30 Apr   0.30%   0.40%    0.10% -  
                   
  05/17 CPI YoY 05:30 Apr   1.10%   1.10%    0.90% -  
                   
  05/17 Real Avg Weekly Earnings YoY 05:30 Apr -   1.30%    1.10% -  
                   
  05/17 Industrial Production MoM 06:15 Apr 0.30%    0.70% -0.60% -0.90%  
                   
  05/17 Capacity Utilization 06:15 Apr 75.00%     75.40%    74.80% 74.90%  
                   
  05/18 MBA Mortgage Applications 04:00 13 May -   -1.60%    0.40% -  
                   
  05/18 FOMC Meeting Minutes 11:00 27 Apr - - - -  
                   
  05/19 Chicago Fed Nat Activity Index 05:30 Apr -0.20 0.10 -0.44 -0.55  
                   
  05/19 Initial Jobless Claims 05:30 14 May 275K 278K 294K -  
                   
  05/19 Continuing Claims 05:30 7 May 2158K 2152K 2161K 2165K  
                   
  05/19 Philadelphia Fed Business Outlook 05:30 May 3.00 -1.80 -1.60 -  
                   
  05/19 Bloomberg Consumer Comfort 06:45 15 May - - 41.70 -  
                   
  05/20 Existing Home Sales 07:00 Apr 5.40 M - 5.33 M -  
                   
  05/20 Existing Home Sales MoM 07:00 Apr 1.30% - 5.10% -  
                   
 
 
 
 
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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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