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Market Commentary

Market Commentary

Today's Coupons
  10-Year Notes   97-27.5 (-13) 2.370%  
  FN 3.5% Coupon   102-26.5 (-05.5)  
  Support   2.480%  
  Resistance   2.190%  
Today's Blurb Friday, July 10, 2015
      Today we have a light calendar heading into the weekend with Wholesale Inventories/Trade Sales. Wholesale Inventories rose +0.8% in May (consensus +0.3%) vs. +0.4% prior with Wholesale Trade Sales up +0.3% (consensus +0.9%) vs. +1.7% prior. Treasuries continue yesterday’s decline as optimism for Greece’s latest proposal to secure a bailout dampened haven demand. Greece sought a three year bailout of 53.5 Billion Euros in an attempt to stay in the Euro. The curve has bear steepened with 2s10s up +5.1 bps.
Have a Great Weekend!
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% 0.80% 0.40% -  
  07/10 Wholesale Trade Sales MoM 07:00 May 0.90% 0.30% 1.60% 1.70%  
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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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