Back to top

Market Commentary

Home
Market Commentary


 
Today's Coupons
 
  10-Year Notes   100-18 (+02.5)  
 
  FN 3.5% Coupon   103-11.5 (+02.5)  
 
  Support   2.245%  
 
  Resistance   2.161%  
 
 
 
 
Friday, August 25, 2017
 
 
Treasuries are slightly higher across the curve this morning from yesterday's close. The UST 10-Year yield is currently at 2.190% after closing at 2.195% prior.

Treasury yields are holding steady as investors await speeches from Fed Chairwoman Yellen and ECB President Draghi at the annual Jackson Hole Policy Symposium. Although neither is expected to announce major policy changes, the market is looking for an indication on when central bankers will begin the process of unwinding the stimulus.

This week's quiet economic calendar ended with the Durable Goods Orders for July, which fell 6.80% following a 6.40% rise prior. This is the sharpest drop in durable goods orders in nearly three years. Durables Excluding Transportation rose 0.50% following a 0.10% increase prior, and came in slightly above expectations as consensus projected a 0.40% increase in July. Capital Goods Orders Nondefense Ex Aircrafts & Parts came in line with expectations with a 0.40% increase in July, while Capital Goods Shipments Ex Aircrafts rose above expectations at 1.00% versus an increase of 0.20% per consensus following an upwardly revised increase of 0.60% prior.

The curve has bull-flattened with the UST 10-Year down 0.5 bp from prior closing.

Have A Beautiful Weekend!
 
 
   
 
   
 
This Week's Events
 
 
  DATE EVENT TIME(PT) PERIOD SURVEY ACTUAL PRIOR REVISED  
  08/21 Chicago Fed Nat Activity Index 05:30 Jul 0.10 -0.01 0.13 0.16  
                   
  08/22 FHFA House Price Index MoM 06:00 Jun 0.50% 0.10% 0.40% 0.30%  
                   
  08/22 Richmond Fed Manufact. Index 07:00 Aug 10.00 14.00 14.00 -  
                   
  08/23 MBA Mortgage Applications 04:00 18 Aug - -0.50% 0.10% -  
                   
  08/23 Markit US Manufacturing PMI 06:45 Aug P 53.50 52.50 53.30 -  
                   
  08/23 Markit US Services PMI 06:45 Aug P 55.00 56.90 54.70 -  
                   
  08/23 Markit US Composite PMI 06:45 Aug P - 56.00 54.60 -  
                   
  08/23 New Home Sales 07:00 Jul 610k 571k 610k 630k  
                   
  08/23 New Home Sales MoM 07:00 Jul 0.00% -9.40% 0.80% 1.90%  
                   
  08/24 Initial Jobless Claims 05:30 19 Aug 238k 234k 232k -  
                   
  08/24 Continuing Claims 05:30 12 Aug 1950k 1954k 1953k 1954k  
                   
  08/24 Bloomberg Consumer Comfort 06:45 20 Aug - 52.80 52.10 -  
                   
  08/24 Existing Home Sales 07:00 Jul 5.55m 5.44m 5.52m 5.51m  
                   
  08/24 Existing Home Sales MoM 07:00 Jul 0.50% -1.30% -1.80% -2.00%  
                   
  08/24 Kansas City Fed Manf. Activity 08:00 Aug 11.00 16.00 10.00 -  
                   
  08/25 Durable Goods Orders 05:30 Jul P -6.00% -6.80% 6.40% -  
                   
  08/25 Durables Ex Transportation 05:30 Jul P 0.40% 0.50% 0.10% -  
                   
 
 
 
 
Helpful Links
  Visit Us Online   Submit Loan  
  Get Approved   SeeMyLoanStatusTM  
  Download Rate Sheet   Conventional Program Guidelines  
  Price & Lock   Government Program Guidelines  
 
 
   
 
  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  
 
©2019 Sun West Mortgage Company, Inc. All Rights Reserved