Back to top

Market Commentary

Home
Market Commentary


 
Today's Coupons
 
  10-Year Notes   102-06.5 (+05)  
 
  FN 3.5% Coupon   103-10 (+02.5)  
 
  Support   2.191%  
 
  Resistance   2.128%  
 
 
 
 
Monday, June 26, 2017
 
 
Treasuries are relatively flat across the curve this morning from Friday's close. The UST 10-Year yield is currently at 2.133% after closing at 2.143% prior.

This morning we received the Durable Goods Orders for the month of May, which fell 1.10% versus an expected drop of 0.60% per consensus. Excluding Transportation, Durables increased 0.10% after falling 0.50% prior. Capital Goods Orders dropped slipped 0.20% after an upwardly revised rise of 0.20% prior, while Capital Goods Shipment fell 0.20% after an unrevised 0.10% increase prior.

Later today at 10:00 AM (PT), Treasury will auction $26 Billion 2-Year notes. The rest of this week's economic calendar will consist of Tuesday's Conference Board Consumer Confidence and Richmond Fed Manufacturing Index, Wednesday's preliminary May Wholesale Inventories and Pending Home Sales, Thursday's final revision to 1Q GDP, and Friday's Personal Income and Personal Spending for May.

The curve has bull-flattened with the UST 10-Year down 1.0 bp from prior closing.
 
 
   
 
   
 
This Week's Events
 
 
  DATE EVENT TIME(PT) PERIOD SURVEY ACTUAL PRIOR REVISED  
  06/26 Durable Goods Orders 05:30 May P -0.60% -1.10% -0.80% -0.90%  
                   
  06/26 Chicago Fed Nat Activity Index 05:30 May 0.20 -0.26 0.49 0.57  
                   
  06/26 Durables Ex Transportation 05:30 May P 0.40% 0.10% -0.50% -  
                   
  06/26 Dallas Fed Manf. Activity 07:30 Jun 16.00 - 17.20 -  
                   
  06/27 S&P CoreLogic CS 20-City MoM SA 06:00 Apr 0.45% - 0.87% -  
                   
  06/27 S&P CoreLogic CS 20-City YoY NSA 06:00 Apr 5.90% - 5.89% -  
                   
  06/27 Richmond Fed Manufact. Index 07:00 Jun 6.00 - 1.00 -  
                   
  06/28 MBA Mortgage Applications 04:00 23 Jun - - 0.60% -  
                   
  06/28 Wholesale Inventories MoM 05:30 May P 0.20% - -0.50% -  
                   
  06/28 Pending Home Sales MoM 07:00 May - - - -  
                   
  06/29 GDP Annualized QoQ 05:30 1Q T - - 1.20% -  
                   
  06/29 Personal Consumption 05:30 1Q T - - 0.60% -  
                   
  06/29 GDP Price Index 05:30 1Q T - - 2.20% -  
                   
  06/29 Core PCE QoQ 05:30 1Q T - - 2.10% -  
                   
  06/29 Initial Jobless Claims 05:30 24 Jun - - - -  
                   
  06/29 Continuing Claims 05:30 17 Jun - - - -  
                   
  06/29 Bloomberg Consumer Comfort 06:45 25 Jun - - - -  
                   
  06/30 Personal Income 05:30 May - - - -  
                   
  06/30 Personal Spending 05:30 May - - - -  
                   
  06/30 PCE Deflator MoM 05:30 May - - - -  
                   
  06/30 PCE Deflator YoY 05:30 May - - - -  
                   
  06/30 PCE Core MoM 05:30 May - - - -  
                   
  06/30 PCE Core YoY 05:30 May - - - -  
                   
  06/30 U. of Mich. Sentiment 07:00 Jun F - - - -  
                   
 
 
 
 
Helpful Links
  Visit Us Online   Submit Loan  
  Get Approved   SeeMyLoanStatusTM  
  Download Rate Sheet   Conventional Program Guidelines  
  Price & Lock   Government Program Guidelines  
 
 
   
 
  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  
 
©2017 Sun West Mortgage Company, Inc. All Rights Reserved