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Market Commentary

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Market Commentary


 
Today's Coupons
 
  10-Year Notes   98-11.5 (-02.5)  
 
  FN 3.5% Coupon   105-05 (-01)  
 
  Support   1.694%  
 
  Resistance   1.519%  
 
 
 
 
Monday, September 12, 2016
 
 
    The UST 10-Year yield is at 1.690% this morning after closing at 1.670% on Friday.
 
    The FOMC meeting is scheduled to begin on September 20th, concluding with a rate hike decision on September 21st. Atlanta Fed President Lockhart is scheduled to speak on the economic and policy outlook this morning while Minneapolis Fed President Kashkari is also on schedule to speak on his views on the economy later this afternoon. Both have recently expressed hawkish tones on the US economy.
 
   The remainder of this week's economic events will consist of Tuesday's NFIB Small Business Optimism Index and Treasury Budget, Wednesday's MBA Mortgage Applications and Import Price Index, Thursday's Retail Sales Report, Factory Data, Industrial Production, and Jobless and Continuing Claims, and Friday's Consumer Prices Index.
 
    The curve has bear-steepened with UST 10-Year up 2 bps from prior close.
 
 
   
 
   
 
This Week's Events
 
 
  DATE EVENT TIME(PT) PERIOD SURVEY ACTUAL PRIOR REVISED  
  09/12 No Data - - - - - -  
                   
  09/13 NFIB Small Business Optimism 03:00 Aug 94.80 - 94.60 -  
                   
  09/14 MBA Mortgage Applications 04:00 9 Sep - - 0.90% -  
                   
  09/14 Import Price Index MoM 05:30 Aug -0.10% - 0.10% -  
                   
  09/14 Import Price Index YoY 05:30 Aug -2.10% - -3.70% -  
                   
  09/15 Retail Sales Advance MoM 05:30 Aug -0.10% - 0.00% -  
                   
  09/15 Initial Jobless Claims 05:30 10 Sep 265K - 259K -  
                   
  09/15 Continuing Claims 05:30 3 Sep 2150K - 2144K -  
                   
  09/15 PPI Final Demand MoM 05:30 Aug 0.10% - -0.40% -  
                   
  09/15 PPI Final Demand YoY 05:30 Aug 0.10% - -0.20% -  
                   
  09/15 Empire Manufacturing 05:30 Sep - - -4.21 -  
                   
  09/15 Industrial Production MoM 06:15 Aug - - 0.70% -  
                   
  09/15 Capacity Utilization 06:15 Aug - - 75.90% -  
                   
  09/15 Bloomberg Consumer Comfort 06:45 11 Sep - - - -  
                   
  09/15 Business Inventories 07:00 Jul - - 0.20% -  
                   
  09/16 CPI MoM 05:30 Aug - - 0.00% -  
                   
  09/16 CPI YoY 05:30 Aug - - 0.80% -  
                   
  09/16 Real Avg Weekly Earnings YoY 05:30 Aug - - 1.40% -  
                   
  09/16 U. of Mich. Sentiment 07:00 Sep P - - 89.80 -  
                   
 
 
 
 
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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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