Back to top

Market Commentary

Home
Market Commentary


 
Today's Coupons
 
  10-Year Notes   100-19.5 (-04)  
 
  FN 3.5% Coupon   103-09.5 (-01.5)  
 
  Support   2.181%  
 
  Resistance   2.016%  
 
 
 
 
Wednesday, September 13, 2017
 
 
Treasuries are slightly lower across the curve this morning from yesterday's close. The UST 10-Year yield is currently at 2.181% after closing at 2.168% prior.

Yesterday Treasuries fell for a second consecutive day as the Trump administration plotted strategy for pushing a tax overhaul. The demand for riskier assets also continued without the presence of geopolitical tensions as North Korea refrained from provocations following the UN Security Council's decision to impose sanctions. Treasuries were nearly unchanged at open this morning as global stock markets steadied overnight, but have come down a bit since.

In economic reports, we received the MBA Mortgage Applications for the week ending on September 8th which showed a 9.90% increase in activities following a 3.30% rise the week prior. Purchase applications rose 10.90% after a 1.40% increase prior, and refinancing activities jumped 8.90% following a 5.10% increase prior. We also received the PPI Final Demand for August, which rose 0.20% MoM following a decline of 0.10% in July. PPI Final Demand YoY rose 2.40% versus 1.90% prior. Later today at 10:00 AM (PT), Treasury will auction $12 Billion in re-opened 30-Year Bonds.

The curve has bear-flattened with the UST 10-Year up 1.3 bps from prior closing.
 
 
   
 
   
 
This Week's Events
 
 
  DATE EVENT TIME(PT) PERIOD SURVEY ACTUAL PRIOR REVISED  
  09/11 No Data - - - - - -  
                   
  09/12 NFIB Small Business Optimism 03:00 Aug 104.80 105.30 105.20 -  
                   
  09/12 JOLTS Job Openings 07:00 Jul 6000 6170 6163 6116  
                   
  09/13 MBA Mortgage Applications 04:00 8 Sep - 9.90% 3.30% -  
                   
  09/13 PPI Final Demand MoM 05:30 Aug 0.30% 0.20% -0.10% -  
                   
  09/13 PPI Final Demand YoY 05:30 Aug 2.50% 2.40% 1.90% -  
                   
  09/13 Monthly Budget Statement 11:00 Aug -$119.00b - -$107.10b -  
                   
  09/14 Initial Jobless Claims 05:30 9 Sep 300k - 298k -  
                   
  09/14 Continuing Claims 05:30 2 Sep 1965k - 1940k -  
                   
  09/14 CPI MoM 05:30 Aug 0.30% - 0.10% -  
                   
  09/14 CPI YoY 05:30 Aug 1.80% - 1.70% -  
                   
  09/14 Bloomberg Consumer Comfort 06:45 10 Sep - - 52.60 -  
                   
  09/15 Empire Manufacturing 05:30 Sep - - 25.20 -  
                   
  09/15 Retail Sales Advance MoM 05:30 Aug - - 0.60% -  
                   
  09/15 Industrial Production MoM 06:15 Aug - - 0.20% -  
                   
  09/15 Capacity Utilization 06:15 Aug - - 76.70% -  
                   
  09/15 U. of Mich. Sentiment 07:00 Sep P - - - -  
                   
  09/15 Business Inventories 07:00 Jul - - 0.50% -  
                   
 
 
 
 
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