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Market Commentary


 
Today's Coupons
 
  10-Year Notes   100-04.5 (+25.5)  
 
  FN 3.5% Coupon   105-14.5 (+06)  
 
  Support   1.613%  
 
  Resistance   1.483%  
 
 
 
 
Today's Blurb Friday, August 12, 2016
 
 
       The UST 10-Year yield is at 1.500% this morning after closing at 1.560% yesterday.
 
    Treasury rates declined by 5 bps yesterday following a weak auction of $15 Billion 30-Year Bonds. Those losses have been quickly reversed this morning following weaker than expected retail sales and PPI numbers. Retail sales came in at unchanged month over month vs. 0.40% expected. PPI came in at -0.40% vs. 0.10% expected. 
 
   Next week we have Empire Manufacturing on Monday; Housing Starts, CPI and Industrial Production on Tuesday and Initial jobless claims on Wednesday.
 
      The curve has bull-flattened 1.5 bps with UST 10-Year yield down 6 bps from prior.
 
      Have A Lovely Weekend!
 
 
   
 
   
 
This Week's Events
 
 
  DATE EVENT TIME(PT) PERIOD SURVEY ACTUAL PRIOR REVISED  
  08/08 Labor Market Conditions Index Change 07:00 Jul 0.00 1.00 -1.90 -0.10  
                   
  08/09 Nonfarm Productivity 05:30 2Q P 0.40% -0.50% -0.60% -  
                   
  08/09 Wholesale Inventories MoM 07:00 Jun 0.00% 0.30% 0.10% 0.20%  
                   
  08/09 Wholesale Trade Sales MoM 07:00 Jun 0.50% 1.90% 0.50% 0.70%  
                   
  08/10 MBA Mortgage Applications 04:00 5 Aug - 7.10% -3.50% -  
                   
  08/10 JOLTS Job Openings 07:00 Jun 5675 - 5500 -  
                   
  08/11 Import Price Index MoM 05:30 Jul -0.40% 0.10% 0.20% 0.60%  
                   
  08/11 Initial Jobless Claims 05:30 6 Aug 265K 266K 269K 267K  
                   
  08/11 Import Price Index YoY 05:30 Jul -4.30% -3.70% -4.80% -4.70%  
                   
  08/11 Continuing Claims 05:30 30 Jul 2133K 2155K 2138K 2141K  
                   
  08/11 Bloomberg Consumer Comfort 06:45 7 Aug - 41.80 43.00 -  
                   
  08/12 Retail Sales Advance MoM 05:30 Jul 0.40% 0.00% 0.60% 0.80%  
                   
  08/12 PPI Final Demand MoM 05:30 Jul 0.10% -0.40% 0.50% -  
                   
  08/12 PPI Final Demand YoY 05:30 Jul 0.20% -0.20% 0.30% -  
                   
  08/12 Business Inventories 07:00 Jun 0.10% - 0.20% -  
                   
  08/12 U. of Mich. Sentiment 07:00 Aug P 91.50 - 90.00 -  
                   
 
 
 
 
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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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