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Market Commentary

Market Commentary

Today's Coupons
  10-Year Notes   98-23.5 (-18) 2.269%  
  FN 3.5% Coupon   103-10.5 (-06)  
  Support   2.480%  
  Resistance   2.190%  
Today's Blurb Thursday, July 09, 2015
      The total number of people who applied for unemployment benefits for the week ended July 4th jumped to the highest level since February 28th. Initial Claims rose +15K to 297K from 282K prior (revised). Although the increase in Claims is somewhat concerning, last week's print continues the 18 week trend of Claims below 300K. The 4-week moving average rose to 279,500 from 275,000, the highest level since May. Continuing Claims rose to 2334K vs. 2265K prior (revised). Treasuries are selling-off across the curve with the 10-Year note yield up +8 bps, to 2.27%, and the 30-Year yield up +7 bps, to 3.05%. The curve has bear steepened with 2s10s up +2.9 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 - 4.60% -4.70% -  
  07/09 Initial Jobless Claims 05:30 Jul 4 275K 297K 281K 282K  
  07/09 Continuing Claims 05:30 Jun 27 2250K 2334K 2264K 2265K  
  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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