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Market Commentary


 
Today's Coupons
 
  10-Year Notes   99-18.5 (-17.5) 1.671%  
 
  FN 3.5% Coupon   104-30.5 (-02.5)  
 
  Support   1.803%  
 
  Resistance   1.613%  
 
 
 
 
Today's Blurb Monday, June 20, 2016
 
 
         As the latest polls on the UK referendum campaign indicated that “Remain” was gaining momentum, demand for the safe haven asset dampened further, pushing the 10-Year UST yield up to 1.673% this morning. There is no data scheduled to be released today but we get Existing Home Sales on Wednesday, followed by Jobless Claims and New Home Sales on Thursday, and Durable Orders on Friday. Also, Fed Chair Yellen gives semi-annual testimony before Congress on Tuesday and Wednesday. The curve has bear steepened with UST 10-Year yield up 7 bps.
 
 
   
 
   
 
This Week's Events
 
 
  DATE EVENT TIME(PT) PERIOD SURVEY ACTUAL PRIOR REVISED  
  06/20 No Data - - - - - -  
                   
  06/21 No Data - - - - - -  
                   
  06/22 MBA Mortgage Applications 04:00 17 Jun - - -2.40% -  
                   
  06/22 FHFA House Price Index MoM 06:00 Apr 0.60% - 0.70% -  
                   
  06/22 Existing Home Sales 07:00 May 5.55 M - 5.45 M -  
                   
  06/22 Existing Home Sales MoM 07:00 May 1.80% - 1.70% -  
                   
  06/23 Chicago Fed Nat Activity Index 05:30 May 0.11 - 0.10 -  
                   
  06/23 Initial Jobless Claims 05:30 18 Jun 270K - 277K -  
                   
  06/23 Continuing Claims 05:30 11 Jun 2144K - 2157K -  
                   
  06/23 Bloomberg Consumer Comfort 06:45 19 Jun - - 42.10 -  
                   
  06/23 Markit US Manufacturing PMI 06:45 Jun P 50.90 - 50.70 -  
                   
  06/23 New Home Sales 07:00 May 560K - 619K -  
                   
  06/23 New Home Sales MoM 07:00 May -9.50% - 16.60% -  
                   
  06/23 Kansas City Fed Manf. Activity 08:00 Jun -8.00 - -5.00    
                   
  06/24 Durable Goods Orders 05:30 May P -0.40% - 3.40%    
                   
  06/24 Durables Ex Transportation 05:30 May P 0.10% - 0.50%    
                   
  06/24 U. of Mich. Sentiment 07:00 Jun F 94.10 - 94.30 -  
                   
 
 
 
 
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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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