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Market Commentary

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Market Commentary


 
Today's Coupons
 
  10-Year Notes   101-29 (+01)  
 
  FN 3.5% Coupon   103-03 (+01)  
 
  Support   2.225%  
 
  Resistance   2.103%  
 
 
 
 
Monday, June 19, 2017
 
 
Market opened today’s session with 10-Year treasury yield at 2.169%, 1.7 bps increased from prior closing of 2.152%.

New York Fed President William Dudley’s positive comments on the US economy and gradual tightening of monetary policy drove the treasury yields up early this morning.

We have a fairly light economic calendar ahead of us this week with no event scheduled for today. There are Mortgage Applications and Existing Home Sales to be released on Wednesday, Jobless Claims on Thursday, and New Home Sales on Friday. We do have a handful of Fed speakers this week including Chicago Fed President Charles Evans discussing current economic status and monetary policy at 4:00 PM (PT) today.

The curve has bear-flattened with UST 10-Year yield up 1.7 bps.
 
 
   
 
   
 
This Week's Events
 
 
  DATE EVENT TIME(PT) PERIOD SURVEY ACTUAL PRIOR REVISED  
  06/19 No Data - - - - - -  
                   
  06/20 Current Account Balance 05:30 1Q -$122.40b - -$112.40b -  
                   
  06/21 MBA Mortgage Applications 04:00 16 Jun - - 2.80% -  
                   
  06/21 Existing Home Sales 07:00 May 5.55m - 5.57m -  
                   
  06/21 Existing Home Sales MoM 07:00 May -0.40% - -2.30% -  
                   
  06/22 Initial Jobless Claims 05:30 17 Jun 240k - 237k -  
                   
  06/22 Continuing Claims 05:30 10 Jun 1928k - 1935k -  
                   
  06/22 FHFA House Price Index MoM 06:00 Apr 0.50% - 0.60% -  
                   
  06/22 Bloomberg Consumer Comfort 06:45 18 Jun - - 50.00 -  
                   
  06/22 Leading Index 07:00 May 0.30% - 0.30% -  
                   
  06/22 Kansas City Fed Manf. Activity 08:00 Jun 10.00 - 8.00 -  
                   
  06/23 Markit US Manufacturing PMI 06:45 Jun P 53.00 - 52.70 -  
                   
  06/23 Markit US Services PMI 06:45 Jun P 53.50 - 53.60 -  
                   
  06/23 Markit US Composite PMI 06:45 Jun P - - 53.60 -  
                   
  06/23 New Home Sales 07:00 May 590k - 569k -  
                   
  06/23 New Home Sales MoM 07:00 May 3.70% - -11.40% -  
                   
 
 
 
 
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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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