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Market Commentary


 
 
Today's Coupons
 
  10-Year Notes   1.273%  
 
  Support   1.573%  
 
  Resistance   1.307%  
 
  FN 2.5% Coupon   103.937 (-0.016)  
 
 
 
 
  Monday, July 26, 2021
 
 

U.S. Future Falls amid pace of Growth and Inflation

 
 
The Market opened today's session with treasuries higher across all maturities. The 10-year Treasury yield is currently at 1.2512, 2.51 bps lower than prior closing of 1.2763.

U.S. Futures fell today as investors are concerned about the growth amid an increase in the spread of delta variants. Contracts on the S&P 500, Nasdaq 100 and Dow Jones Industrial Average declined today after closing at record highs on Friday. European equities also slipped today. Investors are having a positive outlook for the earning season so far yet they are worried about the economic growth and inflation. Chinese Stocks in the U.S. lost more than $650 billion in value since reaching a record high in February after Beijing’s latest crackdown on private education companies. Bitcoin jumped toward $40,000 amid speculation over Amazon.com Inc.’s involvement in the crypto industry. Treasuries rose ahead of this week’s Federal Reserve meeting to possibly discuss the outlook for stimulus.

The curve has bull-flattened with the UST 10-Year yield down 2.51 bps.

 
 
   
 
   
 
This Week's Events
 
 
  DATE EVENT TIME(PT) PERIOD SURVEY ACTUAL PRIOR REVISED  
  07/26 Dallas Fed Manf. Activity 07:30 Jul 31.60 - 31.10 -  
                   
  07/27 Durable Goods Orders 05:30 Jun P 2.10% - 2.30% -  
                   
  07/27 Durables Ex Transportation 05:30 Jun P 0.80% - 0.30% -  
                   
  07/27 FHFA House Price Index MoM 06:00 May 1.60% - 1.80% -  
                   
  07/27 S&P CoreLogic CS 20-City MoM SA 06:00 May 1.50% - 1.62% -  
                   
  07/27 S&P CoreLogic CS 20-City YoY NSA 06:00 May 16.30% - 14.88% -  
                   
  07/27 Conf. Board Consumer Confidence 07:00 Jul 123.80 - 127.30 -  
                   
  07/27 Richmond Fed Manufact. Index 07:00 Jul 20.00 - 22.00 -  
                   
  07/28 MBA Mortgage Applications 04:00 Jun 23 - - -4.00% -
                   
  07/28 Retail Inventories MoM 05:30 Jun -0.30% - -0.80% -  
                   
  07/28 Wholesale Inventories MoM 05:30 Jun P 1.10% - 1.30% -  
                   
  07/29 GDP Annualized QoQ 05:30 2Q A 8.50% - 6.40% -  
                   
  07/29 GDP Price Index 05:30 2Q A 5.40% - 4.30% -  
                   
  07/29 Initial Jobless Claims 05:30 Jul 24 380k - 419k -  
                   
  07/29 Continuing Claims 05:30 Jul 17 3186k - 3236k -  
                   
  07/30 PCE Deflator MoM 05:30 Jun 0.60% - 0.40% -  
                   
  07/30 PCE Deflator YoY 05:30 Jun 4.00% - 3.90% -  
                   
  07/30 U. of Mich. Sentiment 07:00 Jul F 80.80 - 80.80 -  
                   
 
 
 
 
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  This information is provided solely for informational use and is not intended as an advice for trading or investment purposes 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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