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Market Commentary


 
Today's Coupons
 
  10-Year Notes   101-15 (-06) 1.465%  
 
  FN 3.5% Coupon   105-13.5 (-01.5)  
 
  Support   1.753%  
 
  Resistance   1.529%  
 
 
 
 
Today's Blurb Tuesday, June 28, 2016
 
 
           Demand for safe-haven assets surged in the last two days after Britain's decision to leave EU, however now that market has stabilized, demand for US treasuries tumbled a bit. The third estimate for first quarter GDP indicated increasing output at an annual rate of 1.10%, up from the previous estimate of 0.80%. S&P Case-Shiller HPI MoM came in at 0.45% vs. 0.81% prior revised and YoY came in at 5.44% vs. 5.48% prior revised, indicating the home-price appreciation is moderate even though the home sales numbers are up. The consumer confidence level is up nearly 6 points to 98.00 vs. 92.40 prior revised. The curve has bear flattened with UST 10-Year yield up 2 bps to 1.460%.
 
 
   
 
   
 
This Week's Events
 
 
  DATE EVENT TIME(PT) PERIOD SURVEY ACTUAL PRIOR REVISED  
  06/27 Advance Goods Trade Balance 05:30 May -$59.50 B -$60.60 B -$57.50 B -  
                   
  06/27 Markit US Services PMI 06:45 Jun P 52.00 51.30 51.30 -  
                   
  06/27 Markit US Composite PMI 06:45 Jun P - 51.20 50.90 -  
                   
  06/27 Dallas Fed Manf. Activity 07:30 Jun -15.00 -18.30 -20.80 -  
                   
  06/28 GDP Annualized QoQ 05:30 1Q T 1.00% 1.10% 0.80% -  
                   
  06/28 Personal Consumption 05:30 1Q T 2.00% 1.50% 1.90% -  
                   
  06/28 GDP Price Index 05:30 1Q T 0.60% 0.40% 0.60% -  
                   
  06/28 Core PCE QoQ 05:30 1Q T 2.10% 2.00% 2.10% -  
                   
  06/28 S&P/Case-Shiller US HPI MoM SA 06:00 Apr - 0.07% 0.09% 0.06%  
                   
  06/28 S&P/Case-Shiller US HPI YoY NSA 06:00 Apr - 5.03% 5.15% 5.11%  
                   
  06/28 Consumer Confidence Index 07:00 Jun 93.50 98.00 92.60 92.40  
                   
  06/28 Richmond Fed Manufact. Index 07:00 Jun 3.00 -7.00 -1.00 -  
                   
  06/29 MBA Mortgage Applications 04:00 24 Jun - - 2.90% -  
                   
  06/29 Personal Income 05:30 May 0.30% - 0.40% -  
                   
  06/29 Personal Spending 05:30 May 0.40% - 1.00% -  
                   
  06/29 PCE Deflator MoM 05:30 May 0.20% - 0.30% -  
                   
  06/29 PCE Deflator YoY 05:30 May 1.00% - 1.10% -  
                   
  06/29 PCE Core MoM 05:30 May 0.20% - 0.20% -  
                   
  06/29 PCE Core YoY 05:30 May 1.70% - 1.60% -  
                   
  06/30 Initial Jobless Claims 05:30 25 Jun 267K - 259K -  
                   
  06/30 Continuing Claims 05:30 18 Jun 2151K - 2142K -  
                   
  06/30 Bloomberg Consumer Comfort 06:45 26 Jun - - 44.20 -  
                   
  07/01 Markit US Manufacturing PMI 06:45 Jun F 51.30 - 51.40 -  
                   
  07/01 ISM Manufacturing 07:00 Jun 51.30 - 51.30 -  
                   
  07/01 ISM Prices Paid 07:00 Jun 63.60 - 63.50 -  
                   
  07/01 Construction Spending MoM 07:00 May 0.60% - -1.80% -  
                   
 
 
 
 
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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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