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Market Commentary


 
Today's Coupons
 
  10-Year Notes   101-17 (+02) 1.458%  
 
  FN 3.5% Coupon   105-13 (-0.5)  
 
  Support   1.740%  
 
  Resistance   1.525%  
 
 
 
 
Today's Blurb Wednesday, June 29, 2016
 
 
            U.S. Treasuries are taking minor losses this morning but are holding up quite well given the rise in global equities. The MBA Mortgage Index were released this morning and indicated that applications fell sharply for the week ended on June 24 by 2.60% after rising 2.90% in the prior. Both Personal Income and Spending slowed in May vs. April. Personal Income rose 0.20% vs. 0.50% prior revised and Personal Spending rose 0.40% vs. 1.10% prior revised. PCE Price Index MoM rose 0.20% vs. 0.30% while PCE Price Index YoY rose 0.90% vs. 1.10%. The curve has flattened with UST 10-Year yield remaining unchanged from yesterday's close.
 
 
   
 
   
 
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 - -2.60% 2.90% -  
                   
  06/29 Personal Income 05:30 May 0.30% 0.20% 0.40% 0.50%  
                   
  06/29 Personal Spending 05:30 May 0.40% 0.40% 1.00% 1.10%  
                   
  06/29 PCE Deflator MoM 05:30 May 0.20% 0.20% 0.30% -  
                   
  06/29 PCE Deflator YoY 05:30 May 1.00% 0.90% 1.10% -  
                   
  06/29 PCE Core MoM 05:30 May 0.20% 0.20% 0.20% -  
                   
  06/29 PCE Core YoY 05:30 May 1.60% 1.60% 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 63.50 - 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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