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Market Commentary


 
Today's Coupons
 
  10-Year Notes   100-18.5 (-18.5)  
 
  FN 3.5% Coupon   105-12.5 (-04)  
 
  Support   1.589%  
 
  Resistance   1.448%  
 
 
 
 
Today's Blurb Tuesday, August 2, 2016
 
 
          The UST 10-Year yield is at 1.560% this morning after closing at 1.520% yesterday. Consumer spending rose 0.40% in June, a third straight month of an upward trend. Real Personal Spending rose 0.30%, which includes tourism, health and personal care. Durable goods spending such as automobiles increased 0.40%, while spending on non-durable goods such as gasoline rose 0.30%. Personal Income increased by $29.30 Billion, a rise of 0.20% in the month of June versus 0.30% consensus. PCE Deflator rose 0.10% versus 0.20% prior, while the Core PCE Deflator rose 0.10% versus 0.20% prior. The curve has bear-steepened with UST 10-Year yield up 4 bps from prior.
 
 
   
 
   
 
This Week's Events
 
 
  DATE EVENT TIME(PT) PERIOD SURVEY ACTUAL PRIOR REVISED  
  08/01 Markit US Manufacturing PMI 06:45 Jul F 52.90 52.90 52.90 -  
                   
  08/01 Construction Spending MoM 07:00 Jun 0.50% -0.60% -0.80% -0.10%  
                   
  08/01 ISM Manufacturing 07:00 Jul 53.00 52.60 53.20 -  
                   
  08/02 Personal Income 05:30 Jun 0.30% 0.20% 0.20% -  
                   
  08/02 Personal Spending 05:30 Jun 0.30% 0.40% 0.40% -  
                   
  08/02 PCE Deflator MoM 05:30 Jun 0.20% 0.10% 0.20% -  
                   
  08/02 PCE Deflator YoY 05:30 Jun 0.90% 0.90% 0.90% -  
                   
  08/02 PCE Core MoM 05:30 Jun 0.10% 0.10% 0.20% -  
                   
  08/02 PCE Core YoY 05:30 Jun 1.60% 1.60% 1.60% -  
                   
  08/03 MBA Mortgage Applications 04:00 29 Jul - - -11.20% -  
                   
  08/03 Markit US Services PMI 06:45 Jul F 51.00 - 50.90 -  
                   
  08/03 Markit US Composite PMI 06:45 Jul F - - 51.50 -  
                   
  08/04 Challenger Job Cuts YoY 04:30 Jul - - -14.10% -  
                   
  08/04 Initial Jobless Claims 05:30 30 Jul 265K - 266K -  
                   
  08/04 Continuing Claims 05:30 23 Jul 2130K - 2139K -  
                   
  08/04 Bloomberg Consumer Comfort 06:45 31 Jul - - 42.90 -  
                   
  08/04 Factory Orders 07:00 Jun -1.90% - -1.00% -  
                   
  08/04 Durable Goods Orders 07:00 Jun F -4.00% - -4.00% -  
                   
  08/04 Durables Ex Transportation 07:00 Jun F -1.00% - -0.50% -  
                   
  08/05 Change in Nonfarm Payrolls 05:30 Jul 180K - 287K -  
                   
  08/05 Average Hourly Earnings MoM 05:30 Jul 0.20% - 0.10% -  
                   
  08/05 Average Hourly Earnings YoY 05:30 Jul 2.60% - 2.60% -  
                   
 
 
 
 
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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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