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Market Commentary


 
Today's Coupons
 
  10-Year Notes   97-20.5 (-24) 2.393%  
 
  FN 3.5% Coupon   102-27.5 (-18.5)  
 
  Support   2.430%  
 
  Resistance   2.200%  
 
 
 
 
Today's Blurb Friday, June 05, 2015
 
 
        Nonfarm Payrolls for May posted the largest MoM increase this year, up +57K to 280K vs. 223K prior (consensus 226K). Private Payrolls rose +49K to 262K vs. 206K prior revised (consensus 220K). The Unemployment Rate edged up to 5.5% vs. 5.4% prior, pushed higher by a +0.1% increase in the Labor Force Participation Rate. The Labor Force Participation Rate increased to 62.9% in May from 62.8% in April. Average hourly earnings rose to +0.3% vs. +0.1% prior (consensus +0.2%) in the month of May with an annual increase of +2.3% vs. +2.2% prior. Treasuries declined following the Payrolls release as market participants speculate about rate hikes with the next FOMC meeting just around the bend on June 16-17. Yield on the 10-Year note jumped +11 bps to 2.42% and the curve has bear steepened with 2s10s up +3.9 bps.
 
Have A Great Weekend!
 
 
   
 
This Week's Events
 
 
  DATE EVENT TIME(PT) PERIOD SURVEY ACTUAL PRIOR REVISED  
  06/01 Personal Income 05:30 Apr 0.30% 0.40% 0.00% -  
  06/01 Personal Spending 05:30 Apr 0.20% 0.00% 0.40% 0.50%  
  06/01 PCE Deflator MoM 05:30 Apr 0.10% 0.00% 0.20% -  
  06/01 PCE Deflator YoY 05:30 Apr 0.20% 0.10% 0.30% -  
  06/03 MBA Mortgage Applications 04:00 May 29 - -7.60% -1.60% -  
  06/03 ADP Employment Change 05:15 May 200K 201K 169K 165K  
  06/03 Beige Book 11:00 - - - - -  
  06/04 Initial Jobless Claims 05:30 May 30 278K 276K 282K 284K  
  06/04 Continuing Claims 05:30 May 23 2207K 2196K 2222K 2226K  
  06/05 Nonfarm Payrolls 05:30 May 226K 280K 223K 221K  
  06/05 Unemployment Rate 05:30 May 5.40% 5.50% 5.40% -  
  06/05 Labor Force Participation rate 05:30 May - 62.90% 62.80% -  
 
 
 
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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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