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Market Commentary


 
Today's Coupons
 
  10-Year Notes   99-11.5 (+02)  
 
  FN 3.5% Coupon   105-07.5 (+01)  
 
  Support   1.585%  
 
  Resistance   1.481%  
 
 
 
 
Today's Blurb Wednesday, August 17, 2016
 
 
     The UST 10-Year yield is at 1.575% this morning after closing at 1.570% yesterday.
 
    10-Year Treasury yield rose by 2 bps yesterday following hawkish statements by Fed members Dudley and Lockhart reminding everyone that a rate hike in September is still possible. Markets are quiet this morning, as participants wait for the July FOMC minutes that will be released at 11:00 AM (PT). Investors will be carefully examining the language for clues on the timing of the next rate hike. Expect a fair amount of volatility following the statement's release.
 
     MBA Mortgage Applications came in at -4.00% last week. Tomorrow, initial jobless claims will be released.
 
     The curve has bear-steepened 1 bp with UST 10-Year yield up 0.5 bp 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 1180K 1211K 1189K 1186K  
                   
  08/16 Housing Starts MoM 05:30 Jul -0.80% 2.10% 4.80% 5.10%  
                   
  08/16 Building Permits 05:30 Jul 1160K 1152K 1153K -  
                   
  08/16 Building Permits MoM 05:30 Jul 0.60% -0.10% 1.50% -  
                   
  08/16 CPI MoM 05:30 Jul 0.00% 0.00% 0.20% -  
                   
  08/16 CPI YoY 05:30 Jul 0.90% 0.80% 1.00% -  
                   
  08/16 Real Avg Weekly Earnings YoY 05:30 Jul - 1.40% 1.20% -  
                   
  08/16 Industrial Production MoM 06:15 Jul 0.30% 0.70% 0.60% 0.40%  
                   
  08/16 Capacity Utilization 06:15 Jul 75.60% 75.90% 75.40% -  
                   
  08/17 MBA Mortgage Applications 04:00 12 Aug - -4.00% 7.10% -  
                   
  08/17 FOMC Meeting Minutes 11:00 27 Jul - - - -  
                   
  08/18 Initial Jobless Claims 05:30 13 Aug 265K - 266K -  
                   
  08/18 Continuing Claims 05:30 6 Aug 2141K - 2155K -  
                   
  08/18 Philadelphia Fed Business Outlook 05:30 Aug 2.00 - -2.90 -  
                   
  08/18 Bloomberg Consumer Comfort 06:45 14 Aug - - 41.80 -  
                   
  08/18 Leading Index 07:00 Jul 0.30% - 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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