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Market Commentary


 
Today's Coupons
 
  10-Year Notes   100-19 (+02) 1.559%  
 
  FN 3.5% Coupon   105-09 (+0.5)  
 
  Support   1.622%  
 
  Resistance   1.535%  
 
 
 
 
Today's Blurb Monday, July 25, 2016
 
 
         The UST 10-Year yield is at 1.560% this morning which is where it ended on Friday. Last week's slow economic data reports will be followed by a stronger set of data prints this week, consisting of New Home Sales report on Tuesday, Durable Goods Orders on Wednesday, Initial Jobless Claims on Thursday, and GDP prints on Friday. Although we expect that a rate hike is improbable at this time, the FOMC meeting is still set to dominate this week's calendar, where a decision on a rate hike will be released on Wednesday. The Dallas Fed Manufacturing Activity index is set to be released at 7:30 AM (PT) this morning, which is expected to improve to -10.00 from -18.30 prior. The curve has flattened with the UST 10-Year remaining flat from prior.
 
 
   
 
   
 
This Week's Events
 
 
  DATE EVENT TIME(PT) PERIOD SURVEY ACTUAL PRIOR REVISED  
  07/25 Dallas Fed Manf. Activity 07:30 Jul -10.00 - -18.30 -  
                   
  07/26 S&P/CaseShiller 20-City Index NSA 06:00 May 189.50 - 186.63 -  
                   
  07/26 S&P/CS Composite-20 YOY NSA 06:00 May 5.60% - 5.44% -  
                   
  07/26 Markit US Services PMI 06:45 Jul P 52.00 - 51.40 -  
                   
  07/26 Markit US Composite PMI 06:45 Jul P - - 51.20 -  
                   
  07/26 Consumer Confidence Index 07:00 Jul 96.00 - 98.00 -  
                   
  07/26 Richmond Fed Manufact. Index 07:00 Jul -4.00 - -7.00 -  
                   
  07/27 MBA Mortgage Applications 04:00 22 Jul - - -1.30% -  
                   
  07/27 Durable Goods Orders 05:30 Jun P -1.10% - -2.30% -  
                   
  07/27 Durables Ex Transportation 05:30 Jun P 0.30% - -0.30% -  
                   
  07/27 FOMC Rate Decision (Upper Bound) 11:00 27 Jul 0.50% - 0.50% -  
                   
  07/27 FOMC Rate Decision (Lower Bound) 11:00 27 Jul 0.25% - 0.25% -  
                   
  07/28 Initial Jobless Claims 05:30 23 Jul - - - -  
                   
  07/28 Continuing Claims 05:30 16 Jul - - - -  
                   
  07/28 Bloomberg Consumer Comfort 06:45 24 Jul - - - -  
                   
  07/28 Kansas City Fed Manf. Activity 08:00 Jul - - 2.00 -  
                   
  07/29 GDP Annualized QoQ 05:30 2Q A - - - -  
                   
  07/29 Personal Consumption 05:30 2Q A - - - -  
                   
  07/29 GDP Price Index 05:30 2Q A - - - -  
                   
  07/29 Core PCE QoQ 05:30 2Q A - - - -  
                   
  07/29 U. of Mich. Sentiment 07:00 Jul F - - - -  
                   
 
 
 
 
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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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