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Market Commentary


 
Today's Coupons
 
  10-Year Notes   99-00 (-09.5) 1.735%  
 
  FN 3.5% Coupon   104-29 (-02.5)  
 
  Support   1.865%  
 
  Resistance   1.770%  
 
 
 
 
Today's Blurb Monday, June 6, 2016
 
 
          This week starts out with Chair Yellen’s speech on the economy and monetary policy in Philadelphia at 09:30 AM (PT) which will suggest the market how Friday’s employment numbers to be interpreted. Without any significant data being released, treasuries are opening lower today, pushing 10-Year yields up to 1.725%. We get Mortgage Application on Wednesday, followed by Jobless Claims on Thursday. The curve has bull flattened with 2s10s down 0.20%.
 
 
   
 
   
 
This Week's Events
 
 
  DATE EVENT TIME(PT) PERIOD SURVEY ACTUAL PRIOR REVISED  
  06/06 Labor Market Conditions Index Change 07:00 May -0.80 - -0.90 -  
                   
  06/07 Nonfarm Productivity 05:30 1Q F -0.60% - -1.00% -  
                   
  06/08 MBA Mortgage Applications 04:00 3 Jun - - -4.10% -  
                   
  06/08 JOLTS Job Openings 07:00 Apr 5700 - 5757 -  
                   
  06/09 Initial Jobless Claims 05:30 4 Jun 270K - 267K -  
                   
  06/09 Continuing Claims 05:30 28 May 2171K - 2172K -  
                   
  06/09 Bloomberg Consumer Comfort 06:45 5 Jun - - 43.20 -  
                   
  06/09 Wholesale Inventories MoM 07:00 Apr 0.10% - 0.10% -  
                   
  06/09 Wholesale Trade Sales MoM 07:00 Apr 1.10% - 0.70% -  
                   
  06/10 U. of Mich. Sentiment 07:00 Jun P 94.00 -  94.70 -  
                   
  06/10 Monthly Budget Statement 11:00 May -$56.00 B - - -  
                   
 
 
 
 
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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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