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Market Commentary


 
Today's Coupons
 
  10-Year Notes   102-02.5 (-04) 1.398%  
 
  FN 3.5% Coupon   105-20 (-01)  
 
  Support   1.470%  
 
  Resistance   1.320%  
 
 
 
 
Today's Blurb Friday, July 8, 2016
 
 
         The UST 10-Year yield has inclined to 1.403% this morning after reflecting at 1.387% at prior close. The monthly payroll report was released this morning reporting the US June payroll up to 287k, most increase in the past eight months, with job growth highlighted in both health care and financial activities. This brings the YTD average up to 172k, further comforting any concerns regarding the state of the labor market. Conversely, the unemployment rate is up to 4.90% from 4.70% prior. The next few months will continue to be closely watched to determine the possibility of rate hikes as more solid data will be required to establish a position in the financial market. The curve has bear flattened with UST 10-Year yield up 2 bps from prior.
Have A Wonderful Weekend!
 
 
   
 
   
 
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 287K 38K 11K  
                   
  07/08 Unemployment Rate 05:30 Jun 4.80% 4.90% 4.70% -  
                   
  07/08 Average Hourly Earnings MoM 05:30 Jun 0.20% 0.10% 0.20% -  
                   
  07/08 Average Hourly Earnings YoY 05:30 Jun 2.70% 2.60% 2.50% -  
                   
  07/08 Underemployment Rate 07:00 Jun - 9.60% 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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