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Market Commentary


 
Today's Coupons
 
  10-Year Notes   100-29.5 (+15) 1.524%  
 
  FN 3.5% Coupon   105-08 (+03)  
 
  Support   1.805%  
 
  Resistance   1.621%  
 
 
 
 
Today's Blurb Thursday, June 16, 2016
 
 
           The June FOMC meeting yesterday indicated that the Fed was still cautious about hiking and the tone was quite dovish. Given the significance the Fed placed on labor markets as a leading indicator of economic growth and the recent labor market data, it added all the more uncertainty regarding future rate hikes. The 10-Year treasury is continuing its advancing streak this morning as the yield is down to 1.552%. Initial Jobless Claims rose to 277k from 264k in the prior vs. 270k consensus, and Continuing Claims followed similar trend as it rose 45k to 2157k vs. 2140k consensus. The CPI measured climbed 0.20% vs. 0.30%, driven by rising rents. The curve has bull flattened with UST 10-Year yield down 2 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% 0.10% 0.40% 0.30%  
                   
  06/15 MBA Mortgage Applications 04:00 10 Jun - -2.40% 9.30% -  
                   
  06/15 PPI Final Demand MoM 05:30 May 0.30% 0.40% 0.20% -  
                   
  06/15 PPI Final Demand YoY 05:30 May -0.10% -0.10% 0.00% -  
                   
  06/15 Empire Manufacturing 05:30 Jun -4.90 6.01 -9.02 -  
                   
  06/15 Industrial Production MoM 06:15 May -0.20% -0.40% 0.70% 0.60%  
                   
  06/15 Capacity Utilization 06:15 May 75.20% 74.90% 75.40% 75.30%  
                   
  06/15 FOMC Rate Decision (Upper Bound) 11:00 15 Jun 0.50% 0.50% 0.50% -  
                   
  06/15 FOMC Rate Decision (Lower Bound) 11:00 15 Jun 0.25% 0.25% 0.25% -  
                   
  06/16 Initial Jobless Claims 05:30 11 Jun 270K 277K 264K -  
                   
  06/16 Continuing Claims 05:30 4 Jun 2140K 2157K 2095K 2112K  
                   
  06/16 Philadelphia Fed Business Outlook 05:30 Jun 1.00 4.70 -1.80 -  
                   
  06/16 CPI MoM 05:30 May 0.30% 0.20% 0.40% -  
                   
  06/16 CPI YoY 05:30 May 1.10% 1.00% 1.10% -  
                   
  06/16 Real Avg Weekly Earnings YoY 05:30 May - 1.10% 1.30% 1.10%  
                   
  06/16 Bloomberg Consumer Comfort 06:45 12 Jun - - 43.50 -  
                   
  06/17 Housing Starts 05:30 May 1150K - 1172K -  
                   
  06/17 Housing Starts MoM 05:30 May -1.90% - 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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