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Market Commentary


 
Today's Coupons
 
  10-Year Notes   101-30 (-12) 1.414%  
 
  FN 3.5% Coupon   105-20 (-02)  
 
  Support   1.646%  
 
  Resistance   1.423%  
 
 
 
 
Today's Blurb Thursday, July 7, 2016
 
 
        The UST 10-Year yield was up to 1.385% at close yesterday, and has shown a mere incline at 1.414% this morning. Although Post-Brexit has continued to result in a shaky global economy, the labor market looked to remain stable. Continuing claims decreased by 44k to 2.12 million, while the initial claims for the week of June 25th fell 16k from 270k in prior revised. June ADP employment also rose 172k, indicating that the June data came in stronger than the May data which reported at 168k, evidencing no sign of a fragile labor market. The curve has bull steepened with UST 10-Year yield up 5 bps from prior close.
 
 
   
 
   
 
This Week's Events
 
 
  DATE EVENT TIME(PT) PERIOD SURVEY ACTUAL PRIOR REVISED  
  07/04 No Data - - - - - -  
                   
  07/05 ISM New York 06:45 Jun - 45.40 37.20 -  
                   
  07/05 Factory Orders 07:00 May -0.80% -1.00% 1.90% 1.80%  
                   
  07/05 Durable Goods Orders 07:00 May F -2.20% -2.30% -2.20% -  
                   
  07/05 Durables Ex Transportation 07:00 May F -0.30% -0.30% -0.30% -  
                   
  07/06 MBA Mortgage Applications 04:00 1 Jul - 14.20% -2.60% -  
                   
  07/06 Markit US Services PMI 06:45 Jun F 51.30 51.40 51.30 -  
                   
  07/06 Markit US Composite PMI 06:45 Jun F - 51.20 51.20 -  
                   
  07/06 FOMC Meeting Minutes 11:00 15 Jun - - - -  
                   
  07/07 Challenger Job Cuts YoY 04:30 Jun - -14.10% -26.50% -  
                   
  07/07 ADP Employment Change 05:15 Jun 160K 172K 173K 168K  
                   
  07/07 Initial Jobless Claims 05:30 2 Jul 269K 254K 268K 270K  
                   
  07/07 Continuing Claims 05:30 25 Jun 2120K 2124K 2120K 2168K  
                   
  07/07 Bloomberg Consumer Comfort 06:45 3 Jul - 43.50 43.90 -  
                   
  07/08 Change in Nonfarm Payrolls 05:30 Jun 180K - 38K -  
                   
  07/08 Unemployment Rate 05:30 Jun 4.80% - 4.70% -  
                   
  07/08 Average Hourly Earnings MoM 05:30 Jun 0.20% - 0.20% -  
                   
  07/08 Average Hourly Earnings YoY 05:30 Jun 2.70% - 2.50% -  
                   
  07/08 Underemployment Rate 07:00 Jun - - 9.70% -  
                   
 
 
 
 
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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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