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Market Commentary


 
Today's Coupons
 
  10-Year Notes   100-22.5 (-22) 1.548%  
 
  FN 3.5% Coupon   105-10 (-05)  
 
  Support   1.548%  
 
  Resistance   1.351%  
 
 
 
 
Today's Blurb Thursday, July 14, 2016
 
 
          The UST 10-Year yield is at 1.530% this morning after closing at 1.470% yesterday. The Final Demand Producer Price Index for June was released this morning, reflecting an increase of 0.50%. The price index for Final Demand Services rose 0.40%, and the price index for Final Demand Goods advanced 0.80%. Initial jobless claims came in flat this morning, reporting that the amount of Americans who applied for unemployment benefits last week remained at 254k, further proof that the US labor market continues to remain strong despite a slower pace of hiring in 2016. The curve has bull steepened with UST 10-Year yield up 6 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 254K -  
                   
  07/14 Continuing Claims 05:30 2 Jul 2130K 2149K 2124K 2117K  
                   
  07/14 PPI Final Demand MoM 05:30 Jun 0.30% 0.50% 0.40% -  
                   
  07/14 PPI Final Demand YoY 05:30 Jun 0.00% 0.30% -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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