Back to top

Market Commentary

Home
Market Commentary


 
Today's Coupons
 
  10-Year Notes   99-31 (-03)  
 
  FN 3.5% Coupon   102-12.5 (-01)  
 
  Support   2.391%  
 
  Resistance   2.219%  
 
 
 
 
Friday, July 7, 2017
 
 
Treasuries are slightly lower across the curve this morning from yesterday's close. The UST 10-Year yield is currently at 2.387% after closing at 2.367% prior.

This morning we received the Nonfarm Payrolls for June which showed that employers added more jobs than projected, gaining 222k jobs versus the expected 178k gain per consensus, reflecting a solid job growth for the month. May's employment report was upwardly revised to 152k from 138k. Wage gains for June disappointed once again with the average hourly earnings coming in below expectations at 0.20% versus 0.30% per consensus. May's average hourly earnings were downwardly revised from 0.20% to 0.10%. Unemployment Rate for the month of June rose to 4.40% versus 4.30% prior.

The curve has bear-steepened with the UST 10-Year up 2.0 bps from prior closing.

Have A Nice Weekend!
 
 
   
 
   
 
This Week's Events
 
 
  DATE EVENT TIME(PT) PERIOD SURVEY ACTUAL PRIOR REVISED  
  07/03 Markit US Manufacturing PMI 06:45 Jun F 52.10 52.00 52.10 -  
                   
  07/03 ISM Manufacturing 07:00 Jun 55.30 57.80 54.90 -  
                   
  07/03 ISM Prices Paid 07:00 Jun 58.50 55.00 60.50 -  
                   
  07/03 Construction Spending MoM 07:00 May 0.30% 0.00% -1.40% -0.70%  
                   
  07/04 No Data - - - - - -  
                   
  07/05 Factory Orders 07:00 May -0.50% -0.80% -0.20% -0.30%  
                   
  07/05 Durable Goods Orders 07:00 May F -0.80% -0.80% -1.10% -  
                   
  07/05 Durables Ex Transportation 07:00 May F - 0.30% 0.10% -  
                   
  07/05 FOMC Meeting Minutes 11:00 14 Jun - - - -  
                   
  07/06 MBA Mortgage Applications 04:00 30 Jun - 1.40% -6.20% -  
                   
  07/06 Challenger Job Cuts YoY 04:30 Jun - -19.30% 9.70% -  
                   
  07/06 ADP Employment Change 05:15 Jun 188k 158k 253k 230k  
                   
  07/06 Initial Jobless Claims 05:30 1 Jul 243k 248k 244k -  
                   
  07/06 Continuing Claims 05:30 24 Jun 1940k 1956k 1948k 1945k  
                   
  07/06 Trade Balance 05:30 May -$46.30b -$46.50b -$47.60b -  
                   
  07/06 Markit US Services PMI 06:45 Jun F 53.00 54.20 53.00 -  
                   
  07/06 Bloomberg Consumer Comfort 06:45 2 Jul - 48.50 48.60 -  
                   
  07/06 Markit US Composite PMI 06:45 Jun F - 53.00 53.00 -  
                   
  07/07 Change in Nonfarm Payrolls 05:30 Jun 178k 222k 138k 152k  
                   
  07/07 Unemployment Rate 05:30 Jun 4.30% 4.40% 4.30% -  
                   
  07/07 Average Hourly Earnings MoM 05:30 Jun 0.30% 0.20% 0.20% 0.10%  
                   
  07/07 Average Hourly Earnings YoY 05:30 Jun 2.60% 2.50% 2.50% 2.40%  
                   
  07/07 Labor Force Participation Rate 05:30 Jun 62.70% 62.80% 62.70% -  
                   
  07/07 Underemployment Rate 05:30 Jun - 8.60% 8.40% -  
                   
 
 
 
 
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