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Market Commentary


 
Today's Coupons
 
  10-Year Notes   99-16 (+02)  
 
  FN 3.5% Coupon   105-12.5 (+03)  
 
  Support   1.585%  
 
  Resistance   1.480%  
 
 
 
 
Today's Blurb Thursday, August 18, 2016
 
 
     The UST 10-Year yield is at 1.550% this morning after closing at 1.550% yesterday.
 
    10-Year Treasury yield fell by 2 bps yesterday following the release of the FOMC minutes. The July minutes leaned slightly more hawkish in comparison to June's but it still sounds like the Fed is divided on the strength of the economy going forward and wants to look at more data before hiking rates. 
 
    Initial jobless claims came in near expectations at 262K vs. 265K expected. Philly Fed Index came in at 2.00 vs. 2.00 expected.
 
     The curve has bear steepened by 0.3 bp with UST 10-Year yield up 1 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 262K 266K -  
                   
  08/18 Continuing Claims 05:30 6 Aug 2145K 2175K 2155K 2160K  
                   
  08/18 Philadelphia Fed Business Outlook 05:30 Aug 2.00 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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