Back to top

Market Commentary

Home
Market Commentary


 
Today's Coupons
 
  10-Year Notes   100-17.5 (-18)  
 
  FN 3.5% Coupon   105-13.5 (-04.5)  
 
  Support   1.568%  
 
  Resistance   1.448%  
 
 
 
 
Today's Blurb Friday, August 5, 2016
 
 
     The UST 10-Year yield is at 1.550% this morning after closing at 1.500% yesterday.
 
     The volatility of Treasuries tends to rise in the week of the monthly payroll report, and it wasn’t any different for the month of July. Treasuries declined almost immediately after the report that US employers added more jobs exceeded the 180k consensus.
 
     Nonfarm payrolls increased by 255k in July after a 292k gain in June revised. Job growth occurred in manufacturers, health-care, retailers, and leisure and hospitality. Unemployment Rate remained unchanged from the previous month, reporting at 4.90% in July, a data that the Fed could reference for a rate hike later this year if the labor market continues to remain firm. The US trade gap in goods and services widened to $44.50 Billion in June from a $41.00 Billion deficit in the previous month revised, increasing by 8.70% to its highest in the past 10 months. Figures came worse than market expectations of a $43.00 Billion shortfall due to higher oil prices and more imports of consumer goods.
 
     The curve has bear-flattened with UST 10-Year yield up 5 bps from prior.
 
     Have A Wonderful Weekend!
 
 
   
 
   
 
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 - -3.50% -11.20% -  
                   
  08/03 Markit US Services PMI 06:45 Jul F 51.00 51.40 50.90 -  
                   
  08/03 Markit US Composite PMI 06:45 Jul F - 51.80 51.50 -  
                   
  08/04 Challenger Job Cuts YoY 04:30 Jul - -57.10% -14.10% -  
                   
  08/04 Initial Jobless Claims 05:30 30 Jul 265K 269K 266K -  
                   
  08/04 Continuing Claims 05:30 23 Jul 2130K 2138K 2139K 2144K  
                   
  08/04 Bloomberg Consumer Comfort 06:45 31 Jul - 43.00 42.90 -  
                   
  08/04 Factory Orders 07:00 Jun -1.90% -1.50% -1.00% -1.20%  
                   
  08/04 Durable Goods Orders 07:00 Jun F -4.00% -3.90% -4.00% -  
                   
  08/04 Durables Ex Transportation 07:00 Jun F -0.40% -0.40% -0.50% -  
                   
  08/05 Change in Nonfarm Payrolls 05:30 Jul 180K 255K 287K 292K  
                   
  08/05 Average Hourly Earnings MoM 05:30 Jul 0.20% 0.30% 0.10% -  
                   
  08/05 Average Hourly Earnings YoY 05:30 Jul 2.60% 2.60% 2.60% -  
                   
 
 
 
 
Helpful Links
  Visit Us Online   Submit Loan  
  Get Approved   Resolve Loan Conditions  
  Download Rate Sheet   Conventional Program Guidelines  
  Price & Lock   Government Program Guidelines  
 
 
   
 
  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  
 
© Sun West Mortgage Company, Inc. All Rights Reserved