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Market Commentary


 
Today's Coupons
 
  10-Year Notes   97-22.5 (-08) 1.879%  
 
  FN 3.5% Coupon   104-15 (-02.5)  
 
  Support   1.910%  
 
  Resistance   1.730%  
 
 
 
 
Today's Blurb Tuesday, May 31, 2016
 
 
         We have a very busy week ahead of us following Memorial Day holiday, featuring the Beige Book on Wednesday and May employment report on Friday. April Personal Income rose 0.40%, corresponding to forecast, and Personal Spending rose 1.00% vs 0.70% consensus. For YoY change, Personal income is up 4.40%, while real PCE is up 4.10%. The headline PCE Deflator and the PCE Core Deflator also rose 0.30% and 0.20% MoM, respectively. The curve has bear steepened with 2s10s up 0.20%.
 
 
   
 
   
 
This Week's Events
 
 
  DATE EVENT TIME(PT) PERIOD SURVEY ACTUAL PRIOR REVISED  
  05/30 No Data - - - - - -  
                   
  05/31 Personal Income 05:30 Apr 0.40% 0.40% 0.40% -  
                   
  05/31 Personal Spending 05:30 Apr 0.70% 1.00% 0.10% 0.00%  
                   
  05/31 PCE Deflator MoM 05:30 Apr 0.30% 0.30% 0.10% -  
                   
  05/31 PCE Deflator YoY 05:30 Apr 1.10% 1.10% 0.80% -  
                   
  05/31 PCE Core MoM 05:30 Apr 0.20% 0.20% 0.10% -  
                   
  05/31 PCE Core YoY 05:30 Apr 1.60% 1.60% 1.60% -  
                   
  05/31 S&P/Case-Shiller US HPI MoM SA 06:00 Mar - 0.09% 0.41% 0.31%  
                   
  05/31 S&P/CaseShiller 20-City Index NSA 06:00 Mar 184.07 184.50 182.79 182.86  
                   
  05/31 S&P/CS Composite-20 YOY NSA 06:00 Mar 5.16% 5.43% 5.38% 5.43%  
                   
  05/31 S&P/Case-Shiller US HPI YOY NSA 06:00 Mar - 5.15% 5.29% 5.32%  
                   
  05/31 Consumer Confidence Index 07:00 May 96.10 92.60 94.20 94.70  
                   
  05/31 Dallas Fed Manf. Activity 07:30 May -8.00 -20.80 -13.90 -  
                   
  06/01 MBA Mortgage Applications 04:00 27 May - - 2.30% -  
                   
  06/01 Markit US Manufacturing PMI 06:45 May F 50.50 - 50.50 -  
                   
  06/01 ISM Manufacturing 07:00 May 50.30 - 50.80 -  
                   
  06/01 ISM Prices Paid 07:00 May 58.50 - 59.00 -  
                   
  06/01 Construction Spending MoM 07:00 Apr 0.60% - 0.30% -  
                   
  06/01 U.S. Federal Reserve Releases Beige Book 11:00 - - - - -  
                   
  06/02 Challenger Job Cuts YoY 04:30 May - - 5.80% -  
                   
  06/02 ADP Employment Change 05:15 May 174K - 156K -  
                   
  06/02 Initial Jobless Claims 05:30 28 May 270K - 268K -  
                   
  06/02 Continuing Claims 05:30 21 May 2150K - 2163K -  
                   
  06/02 Bloomberg Consumer Comfort 06:45 29 May - - 42.00 -  
                   
  06/02 ISM New York 06:45 May - - 57.00 -  
                   
  06/03 Trade Balance 05:30 Apr -$41.00 B - -$40.40 B -  
                   
  06/03 Change in Nonfarm Payrolls 05:30 May 160K - 160K -  
                   
  06/03 Unemployment Rate 05:30 May 4.90% -  5.00% -  
                   
  06/03 Average Hourly Earnings MoM 05:30 May 0.20% -  0.30% -  
                   
  06/03 Average Hourly Earnings YoY 05:30 May 2.50% -  2.50% -  
                   
  06/03 Labor Force Participation Rate 05:30 May - -    62.80% -  
                   
  06/03 Underemployment Rate 05:30 May - -  9.70% -  
                   
  06/03 Markit US Services PMI 06:45 May F 51.40 -  51.20 -  
                   
  06/03 Markit US Composite PMI 06:45 May F - -  50.80 -  
                   
  06/03 Factory Orders 07:00 Apr 1.00% - 1.10% 1.50%  
                   
  06/03 Durable Goods Orders 07:00 Apr F - - 3.40% -  
                   
  06/03 Durables Ex Transportation 07:00 Apr F - - 0.40% -  
                   
 
 
 
 
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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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