Back to top

Market Commentary

Home
Market Commentary


 
 
Today's Coupons
 
  10-Year Notes   1.356%  
 
  Support   1.597%  
 
  Resistance   1.387%  
 
  FN 2.5% Coupon   103.500 (-0.016)  
 
 
 
 
  Tuesday, July 13, 2021
 
 

U.S. Futures fall, Dollar Gains

 
 
The Market opened today's session with treasuries lower across all maturities. The 10-year Treasury yield is currently at 1.3695, 0.5 bps higher than prior closing of 1.3645.

U.S futures show a decline after a significant rise in consumer inflation. The consumer price index jumped 0.90% in June, the most since 2008, surpassing all forecasts and showing higher costs associated with the reopening of the economy. Inflation-adjusted average hourly earnings fell 1.70% in June as the wage growth is steady whereas consumer prices are rising rapidly. Oil remains unchanged. PepsiCo Inc. jumped after having the fastest sales growth in at least a decade. Energy and financial heavy S&P 500 lower after two consecutive all time high trading sessions. JPMorgan Chase & Co. and Goldman Sachs Group Inc. showed mixed results due to significant decline in trading revenue. The dollar gained, while yields on shorter-maturity Treasury rose. U.S. Small-Business Optimism Index increased to an Eight-Month High on the expectation of opening of economy, expansion plans and increase in hiring. U.S. PPI index numbers are expected to be released tomorrow.

The curve has bear-flattened with the UST 10-Year yield up 0.5 bps.

 
 
   
 
   
 
This Week's Events
 
 
  DATE EVENT TIME(PT) PERIOD SURVEY ACTUAL PRIOR REVISED  
  07/13 NFIB Small Business Optimism 03:00 Jun 99.50 102.50 99.60 -  
                   
  07/13 CPI MoM 05:30 Jun 0.50% 0.90% 0.60% -  
                   
  07/13 CPI YoY 05:30 Jun 4.90% 5.40% 5.00% -  
                   
  07/13 CPI Index NSA 05:30 Jun 270.713 271.696 269.195 -  
                   
  07/13 CPI Core Index SA 05:30 Jun 277.034 278.140 275.718 -  
                   
  07/14 MBA Mortgage Applications 04:00 9 Jul - - -1.80% -  
                   
  07/14 PPI Final Demand MoM 05:30 Jun 0.60% - 0.80% -  
                   
  07/14 PPI Final Demand YoY 05:30 Jun 6.70%   6.60%    
                   
  07/15 Initial Jobless Claims 05:30 10 Jul 350k - 373k -  
                   
  07/15 Continuing Claims 05:30 3 Jul 3300k - 3339k -  
                   
  07/16 U. of Mich. Sentiment 07:00 Jul P 86.50 - 85.50 -
                   
 
 
 
 
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 an advice for trading or investment purposes 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.  
 
 
© Sun West Mortgage Company, Inc. All Rights Reserved