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Market Commentary

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Market Commentary


Monday
August 11, 2014
10-YEAR NOTES   100-20 (-03.5)
2.427%
FN 3.5% COUPON   102-08 (-01)
SUPPORT   2.800%
RESISTANCE   2.400%
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There is no data on the calendar for today ahead of Wednesday’s Retail Sales Data and Friday’s manufacturing numbers. Last week the demand for safe haven assets pushed 10-Year yields to break through resistance, moving the new level to 2.40%. Demand has modestly subsided today with the 10-Year currently at 2.427%, however yields continue to flirt with the new resistance level. The curve has bear steepened with 2s10s up 1.4 bps.

This Week's Events:

DATE EVENT TIME (PDT) PERIOD SURVEY ACTUAL PRIOR REVISED
08/11 No Data - - - - - -
08/12 Monthly Budget Statement 11:00 July -$96.0 Billion - - -
08/13 MBA Mortgage Applications 04:00 August 8 - - 1.6% -
08/13 Retail Sales Advance MoM 05:30 July 0.2% - 0.2% -
08/13 Business Inventories 07:00 June 0.4% - 0.5% -
08/14 Jobless Claims 05:30 August 9 295 K - 289 K -
08/14 Import Price Index MoM 05:30 July -0.4% - 0.1% -
08/14 Continuing Claims 05:30 August 2 2504 K - 2518 K -
08/14 Import Price Index YoY 05:30 July 0.8% - 1.2% -
08/15 Empire Manufacturing 05:30 August 20.00 - 25.60 -
08/15 PPI Final Demand MoM 05:30 July 0.1% - 0.4% -
08/15 PPI Final Demand YoY 05:30 July 1.7% - 1.9%  
08/15 Industrial Production MoM 06:15 July 0.3% - 0.2% -
08/15 Capacity Utilization 06:15 July 79.2% - 79.1% -

 

 

 
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This information is provided solely for informational use and is not intended as a trading or investment advice in any manner whatsoever. Sun West Mortgage Company, Inc. is not liscensed or registered broker or dealer and cannot provide investment strategies or recommendations. This information is provided to 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, price, guidelines, fees, costs, terms and conditions are subject to change without notice.