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Market Commentary


 
Today's Coupons
 
  10-Year Notes   97-17.5 (-09.5) 2.405%  
 
  FN 3.5% Coupon   102-23 (-05)  
 
  Support   2.510%  
 
  Resistance   2.240%  
 
 
 
 
Today's Blurb Thursday, June 25, 2015
 
 
       Personal Income in May rose in line with market expectations; up+0.5% (MoM) with April revised up from 0.4% to 0.5%. Personal Spending has the largest monthly gain since August 2009, up +0.9% (consensus +0.7%). Initial Jobless Claims rose by +3K to 271K last week, pulling the 4-week average to 272,750 from 277,000. Continuing Claims rose to 2247K vs. 2222K prior (consensus 2218K). Treasuries are moving lower this morning following the hotter than expected consumer spending data, and the curve has bear steepened with 2s10s up +1.2 bps.
 
 
   
 
This Week's Events
 
 
  DATE EVENT TIME(PT) PERIOD SURVEY ACTUAL PRIOR REVISED  
  06/22 Existing Home Sales 07:00 May 5.26 MM 5.35 MM 5.04 MM 5.09 MM  
                   
  06/22 Existing Home Sales MoM 07:00 May 4.40% 5.10% -3.30% -2.30%  
                   
  06/23 Durable Goods Orders 05:30 May -1.00% -1.80% -0.50% -1.50%  
                   
  06/23 FHFA House Price Index MoM 06:00 Apr 0.50% 0.30% 0.30% -  
                   
  06/23 New Home Sales 07:00 May 523K 546K 517K 534K  
                   
  06/23 New Home Sales MoM 07:00 May 1.20% 2.20% 6.80% 8.10%  
                   
  06/24 MBA Mortgage Applications 04:00 Jun 19 - 1.60% -5.50% -  
                   
  06/24 GDP Annualized QoQ 05:30 1Q T -0.20% -0.20% -0.70% -  
                   
  06/24 Personal Consumption 05:30 1Q T 1.90% 2.10% 1.80% -  
                   
  06/25 Personal Income 05:30 May 0.50% 0.50% 0.40% 0.50%  
                   
  06/25 Personal Spending 05:30 May 0.70% 0.90% 0.00% 0.10%  
                   
  06/25 Initial Jobless Claims 05:30 Jun 20 273K 271K 267K 268K  
                   
  06/25 Continuing Claims 05:30 June 13 2218K 2247K 2222K 2225K  
                   
  06/25 PCE Core MoM 05:30 May 0.10% 0.10% 0.10% -  
                   
  06/25 PCE Core YoY 05:30 May 1.20% 1.20% 1.20% 1.30%  
                   
  06/26 No Data - - - - - -  
                   
 
 
 
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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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