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Market Commentary


 
Today's Coupons
 
  10-Year Notes   98-24 (+07.5) 2.140%  
 
  FN 3.5% Coupon   103-29.5 (+04)  
 
  Support   2.210%  
 
  Resistance   1.990%  
 
 
 
 
Today's Blurb Friday, August 28, 2015
 
 
    Personal Spending rose with Incomes in July, showing gains for consumers in the start of the quarter. Personal Income rose +0.40% for the fourth consecutive month (consensus +0.40%). Personal Spending rose +0.30% to match the prior month's +0.30% advance. With Incomes growing faster than Spending, the saving rate was pushed up from 4.70% to 4.90%. Personal Consumption Expenditures (PCE) increased +0.10% in July, and was up +0.30% from YoY. Core PCE also rose +0.10% in July, and was up +1.20% from 2014; this is the smallest YoY gain in four years. Inflation has not reached the Fed's annual 2.00% goal since April 2012. Treasuries are up this morning following the data release and the curve has bull flattened with 2s10s down -3.3 bps.
    Have a nice weekend!
 
 
   
 
This Week's Events
 
 
  DATE EVENT TIME(PT) PERIOD SURVEY ACTUAL PRIOR REVISED  
  08/25 FHFA House Price Index MoM 06:00 Jun 0.40% 0.20% 0.40% 0.50%  
                   
  08/25 S&P/Case-Shiller US HPI MoM 06:00 Jun - 0.09% 0.04% 0.06%  
                   
  08/25 S&P/Case-Shiller US HPI YoY 06:00 Jun - 4.49% 4.39% 4.43%  
                   
  08/25 Markit US Composite PMI 06:45 Aug P - 55.00 55.70 -  
                   
  08/25 Markit US Services PMI 06:45 Aug P 55.10 55.20 55.70 -  
                   
  08/25 New Home Sales 07:00 Jul 510K 507K 482K 481K  
                   
  08/25 New Home Sales MoM 07:00 Jul 5.80% 5.40% -6.80% -7.70%  
                   
  08/26 MBA Mortgage Applications 04:00 Aug 21 - 0.20% 3.60% -  
                   
  08/26 Durable Goods Orders 05:30 Jul -0.40% 2.00% 3.40% 4.10%  
                   
  08/27 GDP Annualized QoQ 05:30 2Q S 3.20% 3.70% 2.30% -  
                   
  08/27 Personal Consumption 05:30 2Q S 3.10% 3.10% 2.90% -  
                   
  08/27 Initial Jobless Claims 05:30 Aug 22 274K 271K 277K -  
                   
  08/27 Continuing Claims 05:30 Aug 15 2248K 2269K 2254K 2256K  
                   
  08/27 Pending Home Sales MoM 07:00 Jul 1.00% 0.50% -1.80% -1.70%  
                   
  08/27 Pending Home Sales NSA YoY 07:00 Jul 8.30% 7.20% 11.10% -  
                   
  08/28 Personal Income 05:30 Jul 0.40% 0.40% 0.40% -  
                   
  08/28 Personal Spending 05:30 Jul 0.40% 0.30% 0.20% 0.30%  
                   
  08/28 PCE Core MoM 05:30 Jul 0.10% 0.10% 0.10% -  
                   
  08/28 PCE Core YoY 05:30 Jul 1.30% 1.20% 1.30% -  
                   
  08/28 U. of Mich. Sentiment 07:00 Aug F 93.00 - 92.90 -  
                   
 
 
 
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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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