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Market Commentary


 
Today's Coupons
 
  10-Year Notes   100-11 (+07.5) 1.587%  
 
  FN 3.5% Coupon   105-01.5 (+0.5)  
 
  Support   1.813%  
 
  Resistance   1.645%  
 
 
 
 
Today's Blurb Tuesday, June 14, 2016
 
 
          Global bond yields dropped to unprecedented, record low levels and treasuries advanced for a sixth day. Retail sales rose 0.50% vs. 0.30% consensus, following a 1.30% jump in the prior month. Recent strong consumer spending signals positive outlook for the economy. Import Price Index rose 1.40% vs. 0.70% consensus. The FOMC begins its two day meeting today and will release its decision tomorrow at 11:00 AM (PT). It will be interesting to see how recent global flight to quality and labor market uncertainty will affect their decision. The curve has bull flattened with UST 10-Year yield down 2.0 bps.
 
 
   
 
   
 
This Week's Events
 
 
  DATE EVENT TIME(PT) PERIOD SURVEY ACTUAL PRIOR REVISED  
  06/13 No Data - - - - - -  
                   
  06/14 Import Price Index MoM 05:30 May 0.70% 1.40% 0.30% 0.70%  
                   
  06/14 Import Price Index YoY 05:30 May -5.90% -5.00% -5.70% -5.30%  
                   
  06/14 Retail Sales Advance MoM 05:30 May 0.30% 0.50% 1.30% -  
                   
  06/14 Business Inventories 07:00 Apr 0.20% - 0.40% -  
                   
  06/15 MBA Mortgage Applications 04:00 10 Jun - - 9.30% -  
                   
  06/15 PPI Final Demand MoM 05:30 May 0.30% - 0.20% -  
                   
  06/15 PPI Final Demand YoY 05:30 May -0.10% - 0.00% -  
                   
  06/15 Empire Manufacturing 05:30 Jun -4.50 - -9.02 -  
                   
  06/15 Industrial Production MoM 06:15 May -0.20% - 0.70% -  
                   
  06/15 Capacity Utilization 06:15 May 75.20% - 75.40% -  
                   
  06/15 FOMC Rate Decision (Upper Bound) 11:00 15 Jun 0.50% - 0.50% -  
                   
  06/15 FOMC Rate Decision (Lower Bound) 11:00 15 Jun 0.25% - 0.25% -  
                   
  06/16 Initial Jobless Claims 05:30 11 Jun 270K - 264K -  
                   
  06/16 Continuing Claims 05:30 4 Jun 2140K - 2095K -  
                   
  06/16 Philadelphia Fed Business Outlook 05:30 Jun 1.00 - -1.80 -  
                   
  06/16 CPI MoM 05:30 May 0.30% - 0.40% -  
                   
  06/16 CPI YoY 05:30 May 1.10% - 1.10% -  
                   
  06/16 Real Avg Weekly Earnings YoY 05:30 May - - 1.30% 1.10%  
                   
  06/16 Bloomberg Consumer Comfort 06:45 12 Jun - - 43.50 -  
                   
  06/17 Housing Starts 05:30 May 1149K - 1172K -  
                   
  06/17 Housing Starts MoM 05:30 May -2.00% - 6.60% -  
                   
  06/17 Building Permits 05:30 May 1145K - 1116K 1130K  
                   
  06/17 Building Permits MoM 05:30 May 1.30% - 3.60% 4.90%  
                   
 
 
 
 
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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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