Back to top

Market Commentary

Home
Market Commentary


 
Today's Coupons
 
  10-Year Notes   100-23.5 (+0.5)  
 
  FN 3.5% Coupon   103-14 (+01.5)  
 
  Support   2.218%  
 
  Resistance   2.161%  
 
 
 
 
Monday, August 28, 2017
 
 
Treasuries are nearly unchanged across the curve this morning from Friday's close. The UST 10-Year yield is currently at 2.168% after closing at 2.167% prior.

This week we will have another quiet economic calendar until Friday, where we will have a heavy set of data headlined by the August employment report. This morning we received the July Wholesale Inventories which rose 0.40% following a downwardly revised 0.60% increase prior; consensus called for a 0.30% rise. July Retail Inventories fell 0.20% following an unrevised 0.60% rise prior. Later today, Treasury will auction $26 Billion 2-Year Notes at 8:30 AM (PT) and $34 Billion 5-Year Notes at 10:00 AM (PT).

The remainder of the week consists of Tuesday's S&P CoreLogic data for June and the Conference Board Consumer Confidence for August, Wednesday's ADP Employment Change and the first revision to 2Q GDP, Thursday's Personal Spending and Pending Home Sales reports for July, and Friday's nonfarm payroll, unemployment rate, ISM prints, and average hourly earnings for August.

The curve has steepened with the UST 10-Year up 0.1 bp from prior closing.
 
 
   
 
   
 
This Week's Events
 
 
  DATE EVENT TIME(PT) PERIOD SURVEY ACTUAL PRIOR REVISED  
  08/28 Wholesale Inventories MoM 05:30 Jul P 0.30% 0.40% 0.70% 0.60%  
                   
  08/28 Dallas Fed Manf. Activity 07:30 Aug 17.00 17.00 16.80 -  
                   
  08/29 S&P CoreLogic CS 20-City MoM SA 06:00 Jun 0.10% - 0.10% -  
                   
  08/29 S&P CoreLogic CS 20-City YoY NSA 06:00 Jun 5.60% - 5.69% -  
                   
  08/30 MBA Mortgage Applications 04:00 25 Aug - - -0.50% -  
                   
  08/30 ADP Employment Change 05:15 Aug 185k - 178k -  
                   
  08/30 GDP Annualized QoQ 05:30 2Q S 2.70% - 2.60% -  
                   
  08/30 Personal Consumption 05:30 2Q S 3.00% - 2.80% -  
                   
  08/30 GDP Price Index 05:30 2Q S 1.00% - 1.00% -  
                   
  08/30 Core PCE QoQ 05:30 2Q S 0.90% - 0.90% -  
                   
  08/31 Challenger Job Cuts YoY 04:30 Aug - - -37.60% -  
                   
  08/31 Personal Income 05:30 Jul 0.30% - 0.00% -  
                   
  08/31 Personal Spending 05:30 Jul 0.40% - 0.10% -  
                   
  08/31 Initial Jobless Claims 05:30 26 Aug 237k - 234k -  
                   
  08/31 Continuing Claims 05:30 19 Aug 1953k - 1954k -  
                   
  08/31 PCE Deflator MoM 05:30 Jul 0.10% - 0.00% -  
                   
  08/31 PCE Deflator YoY 05:30 Jul 1.40% - 1.40% -  
                   
  08/31 PCE Core MoM 05:30 Jul 0.10% - 0.10% -  
                   
  08/31 PCE Core YoY 05:30 Jul 1.40% - 1.50% -  
                   
  08/31 Bloomberg Consumer Comfort 06:45 27 Aug - - 52.80 -  
                   
  08/31 Pending Home Sales MoM 07:00 Jul 0.50% - 1.50% -  
                   
  08/31 Pending Home Sales NSA YoY 07:00 Jul 0.50% - 0.70% -  
                   
  09/01 Change in Nonfarm Payrolls 05:30 Aug 180k - 209k -  
                   
  09/01 Unemployment Rate 05:30 Aug 4.30% - 4.30% -  
                   
  09/01 Average Hourly Earnings MoM 05:30 Aug 0.20% - 0.30% -  
                   
  09/01 Average Hourly Earnings YoY 05:30 Aug 2.60% - 2.50% -  
                   
  09/01 Labor Force Participation Rate 05:30 Aug - - 62.90% -  
                   
  09/01 Underemployment Rate 05:30 Aug - - 8.60% -  
                   
  09/01 Markit US Manufacturing PMI 06:45 Aug F 52.50 - 52.50 -  
                   
  09/01 ISM Manufacturing 07:00 Aug 56.50 - 56.30 -  
                   
  09/01 ISM Prices Paid 07:00 Aug 62.00 - 62.00 -  
                   
  09/01 U. of Mich. Sentiment 07:00 Aug F 97.50 - 97.60 -  
                   
  09/01 Construction Spending MoM 07:00 Jul 0.50% - -1.30% -  
                   
 
 
 
 
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