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Market Commentary


 
Today's Coupons
 
  10-Year Notes   101-10.5 (+08) 1.479%  
 
  FN 3.5% Coupon   105-14.5 (+03)  
 
  Support   1.527%  
 
  Resistance   1.320%  
 
 
 
 
Today's Blurb Wednesday, July 13, 2016
 
 
        The UST 10-Year yield declined to 1.490% this morning after closing at 1.510% yesterday. The US Treasury sold $20 Billion in 10-Year notes during yesterday's auction at a yield of 1.516% versus last auction at 1.702%. Bid-to-cover yesterday was 2.33 versus 2.70 from the previous auction, the lowest at the monthly sales in seven years. The US import price index rose 0.20% in June, driven by higher fuel prices, and the price index for US exports also increased by 0.80%. MBA mortgage applications index inclined 7.20% last week after rising 14.20% in prior week with 64.00% of all loan applications being refinances. Refinances increased 11.20% after rising 20.80% in prior week. The curve has bull flattened with UST 10-Year yield down 2 bps from prior.
 
 
   
 
   
 
This Week's Events
 
 
  DATE EVENT TIME(PT) PERIOD SURVEY ACTUAL PRIOR REVISED  
  07/11 Labor Market Conditions Index Change 07:00 Jun -1.20 -1.90 -4.80 -3.60  
                   
  07/12 Wholesale Inventories MoM 07:00 May 0.20% 0.10% 0.60% 0.70%  
                   
  07/12 Wholesale Trade Sales MoM 07:00 May 0.50% 0.50% 1.00% 0.80%  
                   
  07/12 JOLTS Job Openings 07:00 May 5650 5500 5788 5845  
                   
  07/13 MBA Mortgage Applications 04:00 8 Jul - 7.20% 14.20% -  
                   
  07/13 Import Price Index MoM 05:30 Jun 0.50% 0.20% 1.40% -  
                   
  07/13 Import Price Index YoY 05:30 Jun -4.60% -4.80% -5.00% -  
                   
  07/13 U.S. Federal Reserve Releases Beige Book 11:00 - - - - -  
                   
  07/14 Initial Jobless Claims 05:30 9 Jul 265K - 254K -  
                   
  07/14 Continuing Claims 05:30 2 Jul 2130K - 2124K -  
                   
  07/14 PPI Final Demand MoM 05:30 Jun 0.30% - 0.40% -  
                   
  07/14 PPI Final Demand YoY 05:30 Jun -0.10% - -0.10% -  
                   
  07/14 Bloomberg Consumer Comfort 06:45 10 Jul - - 43.50 -  
                   
  07/15 Retail Sales Advance MoM 05:30 Jun 0.10% - 0.50% -  
                   
  07/15 CPI MoM 05:30 Jun 0.20% - 0.20% -  
                   
  07/15 CPI YoY 05:30 Jun 1.10% - 1.00% -  
                   
  07/15 Real Avg Weekly Earnings YoY 05:30 Jun - - 1.10% -  
                   
  07/15 Empire Manufacturing 05:30 Jul 5.00 - 6.01 -  
                   
  07/15 Industrial Production MoM 06:15 Jun 0.30% - -0.40% -  
                   
  07/15 Capacity Utilization 06:15 Jun 75.10% - 74.90% -  
                   
  07/15 Business Inventories 07:00 May 0.10% - 0.10% -  
                   
  07/15 U. of Mich. Sentiment 07:00 Jul P 93.30 - 93.50 -  
                   
 
 
 
 
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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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