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Market Commentary


 
Today's Coupons
 
  10-Year Notes   99-18 (+09) 1.673%  
 
  FN 3.5% Coupon   105-02.5 (+02)  
 
  Support   1.880%  
 
  Resistance   1.690%  
 
 
 
 
Today's Blurb Thursday, June 9, 2016
 
 
            After a sharp increase in Initial Jobless Claims in late April, it came back down to 267k in the prior week, and today, it fell further to 264k vs. 270k consensus, reaching an almost 16 year low. Continuing Claims also dropped to 2095k vs. 2171k consensus from 2172k in the prior, the lowest since October 2000. Wholesale Inventories rose 0.60% vs. 0.10% forecast, and Bloomberg Consumer Comfort Index rose to a five week high of 43.50 vs. 43.20 prior. The UST 30-Year auction is scheduled to take place at 10:00 AM (PT). The curve has bull flattened with UST 10-Year yield down at 1.664%.
 
 
   
 
   
 
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 - 9.30% -4.10% -  
                   
  06/08 JOLTS Job Openings 07:00 Apr 5675 5788 5757 5670  
                   
  06/09 Initial Jobless Claims 05:30 4 Jun 270K 264K 267K 268K  
                   
  06/09 Continuing Claims 05:30 28 May 2171K 2095K 2172K -  
                   
  06/09 Bloomberg Consumer Comfort 06:45 5 Jun - 43.50 43.20 -  
                   
  06/09 Wholesale Inventories MoM 07:00 Apr 0.10% 0.60% 0.10% 0.20%  
                   
  06/09 Wholesale Trade Sales MoM 07:00 Apr 1.10% 1.00% 0.70% 0.60%  
                   
  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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