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Market Commentary


 
Today's Coupons
 
  10-Year Notes   100-12.5 (-02) 1.582%  
 
  FN 3.5% Coupon   105-05.5 (-01)  
 
  Support   1.622%  
 
  Resistance   1.535%  
 
 
 
 
Today's Blurb Monday, July 26, 2016
 
 
        The UST 10-Year yield is at 1.570% this morning which is also where it ended yesterday. The two-day FOMC meeting begins today, followed by the announcement on a rate hike decision tomorrow. Purchases of new US single-family homes rose in June to its highest level in over eight years. New home sales rose 3.50% to 592k annual pace versus 560k consensus, indicating a firm housing market. The S&P CoreLogic Case-Shiller 20-city property values index rose 5.20% in May versus 5.50% consensus and the National home-price gauge rose 5.00% from May 2015. Markit US July Flash Composite PMI rose to 51.50 versus 51.20 in June. US July Consumer Confidence remained steady in July, reporting at 97.30 versus 97.40 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 -1.30 -18.30 -  
                   
  07/26 S&P/CaseShiller 20-City Index NSA 06:00 May 189.50 188.29 186.63 -  
                   
  07/26 S&P/CS Composite-20 YOY NSA 06:00 May 5.52% 5.24% 5.44% -  
                   
  07/26 Markit US Services PMI 06:45 Jul P 52.00 50.90 51.40 -  
                   
  07/26 Markit US Composite PMI 06:45 Jul P - 51.50 51.20 -  
                   
  07/26 Consumer Confidence Index 07:00 Jul 96.00 97.30 98.00 97.40  
                   
  07/26 Richmond Fed Manufact. Index 07:00 Jul -5.00 10.00 -7.00 -10.00  
                   
  07/27 MBA Mortgage Applications 04:00 22 Jul - - -1.30% -  
                   
  07/27 Durable Goods Orders 05:30 Jun P -1.40% - -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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