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Market Commentary


 
Today's Coupons
 
  10-Year Notes   100-23.5 (+05) 1.544%  
 
  FN 3.5% Coupon   105-08 (+01.5)  
 
  Support   1.622%  
 
  Resistance   1.535%  
 
 
 
 
Today's Blurb Wednesday, July 27, 2016
 
 
          The UST 10-Year yield is at 1.540% this morning after closing at 1.560% yesterday. The FOMC meeting concludes today and the decision on a rate hike will be announced at 11:00 AM (PT). Rates will likely remain unchanged, but the announcement will plausibly acknowledge the advancement in economic activity. Durable Goods Orders decreased 4.00% in June, the most in nearly two years, while Excluding Transportation new orders fell 0.50%. MBA Mortgage Applications fell 11.20% last week after falling 1.30% in the previous week. Refinances fell 15.10% versus 0.90% prior, while Purchases fell 3.30% versus 2.00% prior. The US June Pending Home Sales rose 0.20% versus 1.20% consensus after falling 3.70% prior. The curve has bear flattened with UST 10-Year yield down 2 bps 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 - -11.20% -1.30% -  
                   
  07/27 Durable Goods Orders 05:30 Jun P -1.40% -4.00% -2.30% -2.80%  
                   
  07/27 Durables Ex Transportation 05:30 Jun P 0.30% -0.50% -0.30% -0.40%  
                   
  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 261K - 253K -  
                   
  07/28 Continuing Claims 05:30 16 Jul 2136K - 2128K -  
                   
  07/28 Bloomberg Consumer Comfort 06:45 24 Jul - - 42.90 -  
                   
  07/28 Kansas City Fed Manf. Activity 08:00 Jul 4.00 - 2.00 -  
                   
  07/29 GDP Annualized QoQ 05:30 2Q A 2.60% - 1.10% -  
                   
  07/29 Personal Consumption 05:30 2Q A 4.30% - 1.50% -  
                   
  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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