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Market Commentary


 
Today's Coupons
 
  10-Year Notes   100-05 (-08.5) 1.608%  
 
  FN 3.5% Coupon   105-03.5 (-01)  
 
  Support   1.803%  
 
  Resistance   1.613%  
 
 
 
 
Today's Blurb Friday, June 17, 2016
 
 
        US 10-Year treasury bounced back up from the lowest level in almost four years due to reduced demand for safe haven assets caused by suspension of Brexit campaigns. Housing Starts dropped 8k to 1164k in May from 1172k in the prior vs. 1150k consensus which confirmed the recent flat trajectory. This small change indicates that it is likely the residential real estate industry will be a major factor contributing to economic growth in the second quarter. Building Permit came in lower at 1138k than consensus of 1145k. The curve has bear steepened with UST 10-Year yield up 4 bps.
Have A Nice Weekend!
 
 
   
 
   
 
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 - 42.10 43.50 -  
                   
  06/17 Housing Starts 05:30 May 1150K 1164K 1172K 1167K  
                   
  06/17 Housing Starts MoM 05:30 May -1.90% -0.30% 6.60% 4.90%  
                   
  06/17 Building Permits 05:30 May 1145K 1138K 1116K 1130K  
                   
  06/17 Building Permits MoM 05:30 May 1.30% 0.70% 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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