Back to top

Market Commentary

Home
Market Commentary


 
Today's Coupons
 
  10-Year Notes   99-06 (+06.5) 1.714%  
 
  FN 3.5% Coupon   104-31 (+02.5)  
 
  Support   1.865%  
 
  Resistance   1.770%  
 
 
 
 
Today's Blurb Tuesday, June 7, 2016
 
 
          Chair Yellen’s speech in Philadelphia yesterday carried a slight uncertainty about the rate hike compared to when she spoke on May 27th. She mentioned that she continued to expect gradual rate increases without commenting on the timing of the rate hikes. Today’s data showed that the first quarter of 2016 productivity declined 0.60% which came in line with consensus of a 0.60% decline. Unit Labor Cost for first quarter rose 4.50% vs 4.00% forecast. The curve has bull steepened with 2s10s up 0.30%.
 
 
   
 
   
 
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 -4.80 -0.90 -3.40  
                   
  06/07 Nonfarm Productivity 05:30 1Q F -0.60% -0.60% -1.00% -  
                   
  06/08 MBA Mortgage Applications 04:00 3 Jun - - -4.10% -  
                   
  06/08 JOLTS Job Openings 07:00 Apr 5675 - 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 - - -  
                   
 
 
 
 
Helpful Links
  Visit Us Online   Submit Loan  
  Get Approved   Resolve Loan Conditions  
  Download Rate Sheet   Conventional Program Guidelines  
  Price & Lock   Government Program Guidelines  
 
 
   
 
  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  
 
© Sun West Mortgage Company, Inc. All Rights Reserved