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Market Commentary


 
Today's Coupons
 
  10-Year Notes   100-12.5 (-07) 1.582%  
 
  FN 3.5% Coupon   105-08.5 (-02)  
 
  Support   1.597%  
 
  Resistance   1.356%  
 
 
 
 
Today's Blurb Monday, July 18, 2016
 
 
            The UST 10-Year yield has inclined to 1.560% this morning after closing at 1.550% prior. The 10-Year yield reached 1.600% last Friday, a 19 bps increase from its record low 1.318%. Last Friday's strong retail data for June added 0.3pp to 2Q GDP tracking, which is now at 3.10% real GDP growth. The July US Home Builder's Confidence index fell to 59.00 vs. 60.00 last month according to NAHB. This week's economic calendar consists of the Housing Starts and Building Permits June data tomorrow, followed by the Mortgage Applications June data on Wednesday and Initial Jobless Claims data on Thursday. The curve has bear steepened with UST 10-Year yield up 1 bp from prior.
 
 
   
 
   
 
This Week's Events
 
 
  DATE EVENT TIME(PT) PERIOD SURVEY ACTUAL PRIOR REVISED  
  07/18 NAHB Housing Market Index 07:00 Jul 60.00 59.00 60.00 -  
                   
  07/19 Housing Starts 05:30 Jun 1165K - 1164K -  
                   
  07/19 Housing Starts MoM 05:30 Jun 0.10% - -0.30% -  
                   
  07/19 Building Permits 05:30 Jun 1150K - 1138K 1136K  
                   
  07/19 Building Permits MoM 05:30 Jun 1.20% - 0.70% 0.50%  
                   
  07/20 MBA Mortgage Applications 04:00 15 Jul - - 7.20% -  
                   
  07/21 Chicago Fed Nat Activity Index 05:30 Jun -0.20 - -0.51 -  
                   
  07/21 Initial Jobless Claims 05:30 16 Jul 265K - 254K -  
                   
  07/21 Continuing Claims 05:30 9 Jul 2140K - 2149K -  
                   
  07/21 Philadelphia Fed Business Outlook 05:30 Jul 4.50 - 4.70 -  
                   
  07/21 FHFA House Price Index MoM 06:00 May 0.40% - 0.20% -  
                   
  07/21 Bloomberg Consumer Comfort 06:45 17 Jul - - 44.70 -  
                   
  07/21 Existing Home Sales 07:00 Jun 5.48 M - 5.53 M -  
                   
  07/21 Existing Home Sales MoM 07:00 Jun -0.90% - 1.80% -  
                   
  07/21 Leading Index 07:00 Jun 0.20% - -0.20% -  
                   
  07/22 Markit US Manufacturing PMI 06:45 Jul P 51.50 - 51.30 -  
                   
 
 
 
 
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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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