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Market Commentary


 
Today's Coupons
 
  10-Year Notes   100-05 (-08) 1.608%  
 
  FN 3.5% Coupon   105-07.5 (-02.5)  
 
  Support   1.622%  
 
  Resistance   1.459%  
 
 
 
 
Today's Blurb Thursday, July 21, 2016
 
 
        At the first policy announcement since the Brexit, the ECB maintained interest rates unchanged which drove German Bund yields to the highest level in four weeks. The yield on 10-Year US Treasury also rose to 1.612, the highest level in July, this morning, erasing all the gains since the Brexit decision in June. Today's data depicted healthy labor market again as Initial Jobless Claims dropped by 1k to 253k vs. 265k consensus and Continuing Claims declined to 2128k vs. 2137k consensus. Existing Home Sales unexpectedly rose to 5.57 Million, the highest level in nine years, vs. 5.48 Million consensus. The curve has bear steepened with UST 10-Year yield up 4 bps.
 
 
   
 
   
 
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 1189K 1164K 1135K  
                   
  07/19 Housing Starts MoM 05:30 Jun 0.20% 4.80% -0.30% -1.70%  
                   
  07/19 Building Permits 05:30 Jun 1150K 1153K 1138K 1136K  
                   
  07/19 Building Permits MoM 05:30 Jun 1.20% 1.50% 0.70% 0.50%  
                   
  07/20 MBA Mortgage Applications 04:00 15 Jul - -1.30% 7.20% -  
                   
  07/21 Chicago Fed Nat Activity Index 05:30 Jun -0.20 0.16 -0.51 -0.56  
                   
  07/21 Initial Jobless Claims 05:30 16 Jul 265K 253K 254K -  
                   
  07/21 Continuing Claims 05:30 9 Jul 2137K 2128K 2149K 2153K  
                   
  07/21 Philadelphia Fed Business Outlook 05:30 Jul 4.50 -2.90 4.70 -  
                   
  07/21 FHFA House Price Index MoM 06:00 May 0.40% 0.20% 0.20% 0.30%  
                   
  07/21 Bloomberg Consumer Comfort 06:45 17 Jul - 42.90 44.70 -  
                   
  07/21 Existing Home Sales 07:00 Jun 5.48 M 5.57 M 5.53 M 5.51 M  
                   
  07/21 Existing Home Sales MoM 07:00 Jun -0.90% 1.10% 1.80% 1.50%  
                   
  07/21 Leading Index 07:00 Jun 0.20% 0.30% -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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