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Market Commentary


 
Today's Coupons
 
  10-Year Notes   99-03.5 (-11) 2.225%  
 
  FN 3.5% Coupon   104-00.5 (-06.5)  
 
  Support   2.400%  
 
  Resistance   1.620%  
 
 
 
 
Today's Blurb Friday, May 22, 2015
 
 
      April CPI rose +0.1% vs. +0.2% prior. Excluding food and energy the CPI was up +0.3% vs. +0.2% prior (consensus +0.2%). The increase in core CPI is the largest monthly percentage gain in over two years. The increase in Core prices was led by positive contributions from Housing expenses and Medical Care Cost. The headline consumer price index was held down by falling energy prices. Year over Year CPI contracted at -0.2% vs. -0.1% prior (consensus -0.2%). Treasuries sold-off nearly half a point on the news indicating that inflation may be moving closer to the Federal Reserve's goal. The market closes early today at 11:00 AM PT and will be closed on Monday.
 
Have a Great Weekend!
 
 
   
 
This Week's Events
 
 
  DATE EVENT TIME(PT) PERIOD SURVEY ACTUAL PRIOR REVISED  
  05/18 No Data - - - - - -  
                   
  05/19 Housing Starts 05:30 Apr 1015K 1135K 926K 944K  
                   
  05/19 Housing Starts MoM 05:30 Apr 9.60% 20.20% 2.00% 4.90%  
                   
  05/19 Building Permits 05:30 Apr 1064K 1143K 1039K 1038K  
                   
  05/19 Building Permits MoM 05:30 Apr 2.10% 10.10% -5.70% -5.50%  
                   
  05/20 MBA Mortgage Applications 04:00 May 15 - -1.50% -3.50% -  
                   
  05/20 FOMC Minutes 11:00 - - - - -  
                   
  05/21 Initial Jobless Claims 05:30 May 16 270K 274K 264K -  
                   
  05/21 Continuing Claims 05:30 May 9 2231K 2211K 2229K 2223K  
                   
  05/21 Markit US Manufacturing PMI 06:45 May P 54.50 53.80 54.10 -  
                   
  05/21 Existing Home Sales 07:00 Apr 5.23 MM 5.04 MM 5.19 MM 5.21 MM  
                   
  05/21 Existing Home Sales MoM 07:00 Apr 0.80% -3.30% 6.10% 6.50%  
                   
  05/22 CPI MoM 05:30 Apr 0.10% 0.10% 0.20% -  
                   
  05/22 CPI YoY 05:30 Apr -0.20% -0.20% -0.10% -  
                   
 
 
 
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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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