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Market Commentary

Market Commentary

Today's Market Commentary
July 19, 2013
10-YEAR NOTES   93-12.5 (+5) 2.51%
FN 3% COUPON   101-01 (+7)
SUPPORT   2.85%
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Overnight, it was another quiet session in rates as Treasuries traded in a 2 bp range on light volumes. In the U.S., the marketis opening higher as 10-Year notes sit very close to 2.50% after closing last Friday at 2.58%.MBS continue to tighten this AM another 3-4 tics tighter to duration hedges. There is no economic data being released today with only a buyback in the late morning. We anticipate light volumes and a classic summerFriday on the street. Have a great weekend.

At 11:00 AM there is a UST buyback in the 8/20-5/23 sector.  

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This information is provided solely for informational use and is not intended as a trading or investment advice in any manner whatsoever. Sun West Mortgage Company, Inc. is not liscensed or registered broker or dealer and cannot provide investment strategies or recommendations. This information is provided to 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, price, guidelines, fees, costs, terms and conditions are subject to change without notice.