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Market Commentary


 
Today's Coupons
 
  10-Year Notes   97-23 (-12) 1.877%  
 
  FN 3.5% Coupon   104-15 (-04)  
 
  Support   1.910%  
 
  Resistance   1.730%  
 
 
 
 
Today's Blurb Tuesday, May 24, 2016
 
 
        New Home Sales surged in April, up 16.60% to 619K (consensus 523K) for the largest MoM advance since 2007. The jump in sales signals a firming in the housing market and increasing demand. March was revised up from 511K to 531K for a MoM drop of 1.30%. Treasuries are lower this morning following the jump in New Home Sales, and the curve is steeper with 2s10s up 0.4 bp.
 
 
   
 
   
 
This Week's Events
 
 
  DATE EVENT TIME(PT) PERIOD SURVEY ACTUAL PRIOR REVISED  
  05/23 Markit US Manufacturing PMI 06:45 May P 51.00 50.50 50.80 -  
                   
  05/24 Richmond Fed Manufact. Index 07:00 May 8.00 -1.00 14.00 -  
                   
  05/24 New Home Sales 07:00 Apr 523K 619K 511K 531K  
                   
  05/24 New Home Sales MoM 07:00 Apr   2.40%   16.60% -1.50% -1.30%  
                   
  05/25 MBA Mortgage Applications 04:00 20 May - - -1.60% -  
                   
  05/25 FHFA House Price Index MoM 06:00 Mar   0.50% -   0.40% -  
                   
  05/25 Markit US Services PMI 06:45 May P 53.00 - 52.80 -  
                   
  05/25 Markit US Composite PMI 06:45 May P - - 52.40 -  
                   
  05/26 Initial Jobless Claims 05:30 21 May 275K - 278K -  
                   
  05/26 Continuing Claims 05:30 14 May 2140K - 2152K -  
                   
  05/26 Durable Goods Orders 05:30 Apr P  0.50% -  0.80%  1.30%  
                   
  05/26 Durables Ex Transportation 05:30 Apr P  0.30% - -0.20% -  
                   
  05/26 Bloomberg Consumer Comfort 06:45 22 May - - 42.60 -  
                   
  05/26 Kansas City Fed Manf. Activity 08:00 May -3.00 - -4.00 -  
                   
  05/27 GDP Annualized QoQ 05:30 1Q S   0.90% -   0.50% -  
                   
  05/27 Personal Consumption 05:30 1Q S   2.10% -   1.90% -  
                   
  05/27 GDP Price Index 05:30 1Q S   0.70% -   0.70% -  
                   
  05/27 U. of Mich. Sentiment 07:00 May F 95.40 - 95.80 -  
                   
 
 
 
 
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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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