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Market Commentary


 
Today's Coupons
 
  10-Year Notes   98-22 (+00.5) 2.275%  
 
  FN 3.5% Coupon   103-10.5 (-00.5)  
 
  Support   2.480%  
 
  Resistance   2.190%  
 
 
 
 
Today's Blurb Thursday, July 30, 2015
 
 
        Gross Domestic Product (GDP) increased at an annual rate of 2.3% in the second quarter of 2015 (consensus 2.5%), according to the advanced estimate, following a +0.6% increase in the first quarter. The increase in Q2 GDP reflects positive contributions from: Personal Consumption Expenditures (+2.9%), exports (+5.3%), state and local government spending (+2.0%), and residential fixed (+6.6%). The jump in Q2 GDP puts the average GDP growth for the first half of 2015 at +1.5%. Core PCE rose more than expected, up +1.8% (consensus +1.6%) and 1Q was revised up from +0.8% to +1.0%. Jobless Claims rose by +12K to 267K last week and Continuing Claims rose +46K to 2262K vs. 2216K prior. Treasuries are up following this morning’s data release and the curve has bull flattened with 2s10s down -2.5 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 - 0.80% 0.10% -  
                   
  07/29 Pending Home Sales MoM 07:00 June 0.90% -1.80% 0.90% 0.60%  
                   
  07/29 Pending Home Sales  YoY 07:00 June 11.10% 11.10% 8.30% 7.90%  
                   
  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% 2.30% -0.20% 0.60%  
                   
  07/30 Initial Jobless Claims 05:30 July 25 270K 267K 255K -  
                   
  07/30 Continuing Claims 05:30 July 18 2205K 2262K 2207K 2216K  
                   
  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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