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Market Commentary


 
Today's Coupons
 
  10-Year Notes   99-20 (-07.5)  
 
  FN 3.5% Coupon   105-10 (-01.5)  
 
  Support   1.613%  
 
  Resistance   1.481%  
 
 
 
 
Today's Blurb Monday, August 15, 2016
 
 
     The UST 10-Year yield is at 1.540% this morning after closing at 1.510% yesterday.
 
    The 10-Year Treasury yield fell by 5 bps on Friday following weaker than expected retail sales and PPI but is back up to 1.540% this morning. Empire manufacturing came in at -4.21 vs. 2.00 expected.
 
     For Economic data, we have Housing Starts, CPI and Industrial Production on Tuesday and Initial jobless claims on Wednesday. Also, the July FOMC minutes will be released on Wednesday. Market participants will be looking for the Fed's view on the economy and clues on the when a rate hike might occur.
 
     The curve has bear-steepened 1 bp with UST 10-Year yield up 3 bps from prior.
 
 
   
 
   
 
This Week's Events
 
 
  DATE EVENT TIME(PT) PERIOD SURVEY ACTUAL PRIOR REVISED  
  08/15 Empire Manufacturing 05:30 Aug 2.00 -4.21 0.55 -  
                   
  08/15 NAHB Housing Market Index 07:00 Aug 60.00 - 59.00 -  
                   
  08/16 Housing Starts 05:30 Jul 1176K - 1189K -  
                   
  08/16 Housing Starts MoM 05:30 Jul -1.10% - 4.80% -  
                   
  08/16 Building Permits 05:30 Jul 1160K - 1153K -  
                   
  08/16 Building Permits MoM 05:30 Jul 0.60% - 1.50% -  
                   
  08/16 CPI MoM 05:30 Jul 0.00% - 0.20% -  
                   
  08/16 CPI YoY 05:30 Jul 0.90% - 1.00% -  
                   
  08/16 Real Avg Weekly Earnings YoY 05:30 Jul - - 1.20% -  
                   
  08/16 Industrial Production MoM 06:15 Jul 0.30% - 0.60% -  
                   
  08/16 Capacity Utilization 06:15 Jul 75.60% - 75.40% -  
                   
  08/17 MBA Mortgage Applications 04:00 12 Aug - - 7.10% -  
                   
  08/17 FOMC Meeting Minutes 11:00 27 Jul - - - -  
                   
  08/18 Initial Jobless Claims 05:30 13 Aug - - - -  
                   
  08/18 Continuing Claims 05:30 6 Aug - - - -  
                   
  08/18 Philadelphia Fed Business Outlook 05:30 Aug - - -2.90 -  
                   
  08/18 Bloomberg Consumer Comfort 06:45 14 Aug - - - -  
                   
  08/18 Leading Index 07:00 Jul - - 0.30% -  
                   
  08/19 No Data - - - - - -  
                   
 
 
 
 
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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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