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Market Commentary

Market Commentary

Today's Coupons
  10-Year Notes   99-07.5 (+18.5) 2.212%  
  FN 3.5% Coupon   103-14.5 (+07)  
  Support   2.510%  
  Resistance   2.240%  
Today's Blurb Tuesday, July 07, 2015
        The Goods and Services deficit reached $41.9 Billion in May, up by $1.2 Billion from a revised $40.7 Billion in April. Exports declined -$1.5 Billion from $190.1 Billion to $188.6 Billion and Imports edged down -$0.3 Billion from $230.8 Billion to $230.5 Billion. May's Trade Balance reflected a $1.2 Billion increase in the goods deficit, and a $0.1 Billion increase in the services surplus. Treasury yields continue to grind lower for the third day, sliding another -7 bps to press current resistance, as Greece's unsettled bailout talks drove demand for safer U.S. securities. The curve has bull flattened with 2s10s down -3.8 bps.
This Week's Events
  07/06 ISM Non-Manufacturing Composite 07:00 June 56.40 56.00 55.70 -  
  07/07 Trade Balance 05:30 May -$42.70 Bn -$41.87 Bn -$40.90 Bn -$40.70 Bn  
  07/08 MBA Mortgage Applications 04:00 Jul 3 - - -4.70% -  
  07/09 Initial Jobless Claims 05:30 Jul 4 275K - 281K -  
  07/09 Continuing Claims 05:30 Jun 27 2252K - 2264K -  
  07/10 Wholesale Inventories MoM 07:00 May 0.30% - 0.40% -  
  07/10 Wholesale Trade Sales MoM 07:00 May 0.90% - 1.60% -  
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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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