Back to top

Market Commentary

Home
Market Commentary


 
Today's Coupons
 
  10-Year Notes   101-22.5 (-05)  
 
  FN 3.5% Coupon   103-26.5 (-02.5)  
 
  Support   2.166%  
 
  Resistance   2.016%  
 
 
 
 
Friday, September 08, 2017
 
 
Treasuries are lower across the curve this morning from yesterday's close. The UST 10-Year yield is currently at 2.066% after closing at 2.040% prior.

Yesterday Treasuries rallied after the ECB announced their decision to keep their current policy unchanged noting that their economic growth has been better than expected, but the underlying inflation measures have yet to show signs of a sustained upward trend. Without much market moving economic reports to end the week, investors will continue to gauge the potential damage of Hurricane Irma, which is expected to make its landfall in Miami, FL as early as Saturday morning.

This morning's economic calendar included the Wholesale Inventories for July, which rose above expectations at 0.60% versus a 0.40% increase per consensus. The July Wholesale Trade Sales dropped 0.10% following a downwardly revised 0.60% rise prior. The July Consumer Credit report will be released later today at 12:00 PM (PT), which is expected to show $15 Billion in monthly credit growth following a $12.397 Billion growth in June.

The curve has bear-steepened with the UST 10-Year up 2.6 bps from prior closing.

Have A Wonderful Weekend!
 
 
   
 
   
 
This Week's Events
 
 
  DATE EVENT TIME(PT) PERIOD SURVEY ACTUAL PRIOR REVISED  
  09/04 No Data - - - - - -  
                   
  09/05 Factory Orders 07:00 Jul -3.30% -3.30% 3.00% 3.20%  
                   
  09/05 Durable Goods Orders 07:00 Jul F -2.90% -6.80% -6.80% -  
                   
  09/05 Durables Ex Transportation 07:00 Jul F - 0.60% 0.50% -  
                   
  09/06 MBA Mortgage Applications 04:00 1 Sep - 3.30% -2.30% -  
                   
  09/06 Trade Balance 05:30 Jul -$44.70b -$43.70b -$43.60b -$43.50b  
                   
  09/06 Markit US Services PMI 06:45 Aug F 56.90 56.00 56.90 -  
                   
  09/06 Markit US Composite PMI 06:45 Aug F - 55.30 56.00 -  
                   
  09/06 U.S. Federal Reserve Releases Beige Book 11:00 - - - - -  
                   
  09/07 Initial Jobless Claims 05:30 2 Sep 245k 298k 236k -  
                   
  09/07 Continuing Claims 05:30 26 Aug 1945k 1940k 1942k 1945k  
                   
  09/07 Nonfarm Productivity 05:30 2Q F 1.30% 1.50% 0.90% -  
                   
  09/07 Unit Labor Costs 05:30 2Q F 0.30% 0.20% 0.60% -  
                   
  09/07 Bloomberg Consumer Comfort 06:45 Sep - 52.60 53.30 -  
                   
  09/08 Wholesale Inventories MoM 07:00 Jul F 0.40% 0.60% 0.40% -  
                   
  09/08 Wholesale Trade Sales MoM 07:00 Jul 0.50% -0.10% 0.70% 0.60%  
                   
 
 
 
 
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