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Market Commentary


 
Today's Coupons
 
  10-Year Notes   98-25.5 (-09.5) 2.262%  
 
  FN 3.5% Coupon   103-11.5 (-02.5)  
 
  Support   2.480%  
 
  Resistance   2.190%  
 
 
 
 
Today's Blurb Tuesday, July 28, 2015
 
 
        The Case Shiller US HPI for May edged up +0.04% and April was revised up from -0.02% to +0.03%. Year-on-year, Home Prices are up +4.39% (consensus +4.50%) with April revised up from 4.23% to 4.30%. The Markit US Composite PMI posted 55.2 vs 54.6 prior and the Markit US Services PMI increased to 55.2 vs. 54.8. Treasuries are declining this morning and the curve has bear steepened with 2s10s up +2.1 bps.
 
 
   
 
This Week's Events
 
 
  DATE EVENT TIME(PT) PERIOD SURVEY ACTUAL PRIOR REVISED  
  07/27 Durable Goods Orders 05:30 June 3.20% 3.40% -1.80% -2.10%  
                   
  07/28 S&P/Case-Shiller US HPI  MoM 06:00 May - 0.04% -0.02% 0.03%  
                   
  07/28 S&P/Case-Shiller US HPI  YoY 06:00 May 4.50% 4.39% 4.23% 4.30%  
                   
  07/28 Markit US Composite PMI 06:45 July P - 55.20 54.60 -  
                   
  07/28 Markit US Services PMI 06:45 July P 55.00 55.20 54.80 -  
                   
  07/29 MBA Mortgage Applications 04:00 July 24 - - 0.10% -  
                   
  07/29 Pending Home Sales MoM 07:00 June 0.90% - 0.90% -  
                   
  07/29 Pending Home Sales  YoY 07:00 June 11.10% - 8.30% -  
                   
  07/29 FOMC Rate Decision (Upper Limit) 11:00 July 29 0.25% - 0.25% -  
                   
  07/30 GDP Annualized QoQ 05:30 2Q A 2.50% - -0.20% -  
                   
  07/30 Initial Jobless Claims 05:30 July 25 270K - 255K -  
                   
  07/30 Continuing Claims 05:30 July 18 2205K - 2207K -  
                   
  07/31 ISM Milwaukee 06:00 July 50.00 - 46.55 -  
                   
 
 
 
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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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