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Market Commentary


 
Today's Coupons
 
  10-Year Notes   99-03.5 (-10.5) 1.723%  
 
  FN 3.5% Coupon   104-26.5 (-02.5)  
 
  Support   1.803%  
 
  Resistance   1.613%  
 
 
 
 
Today's Blurb Thursday, June 23, 2016
 
 
         Initial claims fell sharply by 18K to 259K from 277K prior. Continuing claims are down by 20K to 2142K from 2162K prior revised. New Home Sales sank 6.00% to 551K from 586K prior revised due to lack of supply and permits only rising at low pace. Leading Indicators posted disappointing data by falling -0.20% from May's +0.60%. The real focus will be on today's Brexit battle. The voting began last night at 11:00 PM (PT) and will continue until 2:00 PM (PT) today; results should be known by later tonight. The curve has bear steepened with UST 10-Year yield up 3 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 - 2.90% -2.40% -  
                   
  06/22 FHFA House Price Index MoM 06:00 Apr 0.60% 0.20% 0.70% 0.80%  
                   
  06/22 Existing Home Sales 07:00 May 5.55 M 5.53 M 5.45 M 5.43 M  
                   
  06/22 Existing Home Sales MoM 07:00 May 1.80% 1.80% 1.70% 1.30%  
                   
  06/23 Chicago Fed Nat Activity Index 05:30 May 0.11 -0.51 0.10 0.05  
                   
  06/23 Initial Jobless Claims 05:30 18 Jun 270K 259K 277K -  
                   
  06/23 Continuing Claims 05:30 11 Jun 2150K 2142K 2157K 2162K  
                   
  06/23 Bloomberg Consumer Comfort 06:45 19 Jun - 44.20 42.10 -  
                   
  06/23 Markit US Manufacturing PMI 06:45 Jun P 50.90 51.40 50.70 -  
                   
  06/23 New Home Sales 07:00 May 560K 551K 619K 586K  
                   
  06/23 New Home Sales MoM 07:00 May -9.50% -6.00% 16.60% 12.30%  
                   
  06/23 Kansas City Fed Manf. Activity 08:00 Jun -5.00 - -5.00 -  
                   
  06/24 Durable Goods Orders 05:30 May P -0.50% - 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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