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Market Commentary


 
Today's Coupons
 
  10-Year Notes   98-02 (+03) 2.345%  
 
  FN 3.5% Coupon   102-28.5 (+03)  
 
  Support   2.510%  
 
  Resistance   2.300%  
 
 
 
 
Today's Blurb Tuesday, June 16, 2015
 
 
       Housing Starts came in slightly soft in May following April’s substantial 22.1% advance. Housing Starts for May totaled 1036K (consensus 1090K) and April was revised up from 1135K to 1165K. May’s total represents a monthly decline of -11.1% (consensus -4.0%). Building Permits surged in May at the fastest pace since 2007, rising +11.8% (consensus -3.5%) to 1275K. April’s Building Permits had a small downward revision from 1143K to 1140K. Permits for single family homes rose +2.6% and permits for buildings with five units or more jumped +26%. Treasuries are getting a small flight to quality this morning, as Greece moves closer to default and a possible exit from the Euro investors are moving their money into less risky U.S. assets. Treasuries are modestly higher this morning and the curve has bull flattened with 2s10s down -1.8 bps.
 
 
   
 
This Week's Events
 
 
  DATE EVENT TIME(PT) PERIOD SURVEY ACTUAL PRIOR REVISED  
  06/15 Empire Manufacturing 05:30 June 6.00 -1.98 3.09 -  
                   
  06/15 Industrial Production MoM 06:15 May 0.20% -0.20% -0.30% -0.50%  
                   
  06/16 Housing Starts 05:30 May 1090K 1036K 1135K 1165K  
                   
  06/16 Housing Starts MoM 05:30 May -4.00% -11.10% 20.20% 22.10%  
                   
  06/16 Building Permits 05:30 May 1100K 1275K 1143K 1140K  
                   
  06/16 Building Permits MoM 05:30 May -3.50% 11.80% 10.10% 9.80%  
                   
  06/17 MBA Mortgage Applications 04:00 Jun 12 - - 8.40% -  
                   
  06/17 FOMC Rate Decision 11:00 June 17 0.25% - 0.25% -  
                   
  06/18 CPI MoM 05:30 May 0.50% - 0.10% -  
                   
  06/18 CPI YoY 05:30 May 0.10% - -0.20% -  
                   
  06/18 Initial Jobless Claims 05:30 Jun 13 277K - 279K -  
                   
  06/18 Continuing Claims 05:30 June 6 2200K - 2265K -  
                   
  06/18 Leading Index 07:00 May 0.40% - 0.70% -  
                   
  06/19 No Data - - - - - -  
                   
 
 
 
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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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