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Market Commentary


 
Today's Coupons
 
  10-Year Notes   97-18 (+06.5) 2.405%  
 
  FN 3.5% Coupon   102-20 (+07)  
 
  Support   2.480%  
 
  Resistance   2.190%  
 
 
 
 
Today's Blurb Tuesday, July 14, 2015
 
 
          Retail Sales for June fell below market expectations as consumers fail to increase spending despite the gradual improvement in the economy. Retail Sales fell -0.3% (consensus +0.3%) after rising +1.2% in May. Excluding Auto Sales, Retail Sales slipped -0.1% (consensus +0.5%) after rising +1.0% in May. The Import Price Index edged down -0.1% in June following a +1.2% rise in May while the Export Price Index fell -0.2% in June after rising +0.6% in May. Year-over-year Prices for Imports decreased -10.0% while Exports declined -5.7%. The disappointing sales data is driving treasuries higher this morning and the curve has bull steepened with 2s10s up +0.4 bps.
 
 
   
 
This Week's Events
 
 
  DATE EVENT TIME(PT) PERIOD SURVEY ACTUAL PRIOR REVISED  
  07/13 No Data - - - - - -  
                   
  07/14 Retail Sales Advance MoM 05:30 June 0.30% -0.30% 1.20% 1.00%  
                   
  07/14 Import Price Index MoM 05:30 June 0.10% -0.10% 1.30% 1.20%  
                   
  07/14 Import Price Index YoY 05:30 June -9.80% -10.00% -9.60%    
                   
  07/15 MBA Mortgage Applications 04:00 July 10 - - 4.60% -  
                   
  07/15 PPI Final Demand MoM 05:30 June 0.20% - 0.50% -  
                   
  07/15 PPI Final Demand YoY 05:30 June -0.90% - -1.10% -  
                   
  07/15 Empire Manufacturing 05:30 July 3.25 - -1.98 -  
                   
  07/15 Industrial Production MoM 06:15 June 0.20% - -0.20% -  
                   
  07/16 Initial Jobless Claims 05:30 July 11 285K - 297K -  
                   
  07/16 Continuing Claims 05:30 July 4 2300K - 2334K -  
                   
  07/16 NAHB Housing Market Index 07:00 July 59 - 59 -  
                   
  07/17 Housing Starts 05:30 June 1106K - 1036K -  
                   
  07/17 Housing Starts MoM 05:30 June 6.80% - -11.10% -  
                   
  07/17 Building Permits 05:30 June 1150K - 1275K 1250K  
                   
  07/17 Building Permits MoM 05:30 June -8.00% - 11.80% 9.60%  
                   
  07/17 CPI MoM 05:30 June 0.30% - 0.40% -  
                   
  07/17 CPI YoY 05:30 June 0.10% - 0.00% -  
                   
 
 
 
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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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