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Market Commentary

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Market Commentary


 
Today's Coupons
 
  10-Year Notes   98-06.5 (+10.5)  
 
  FN 3.5% Coupon   105-07 (+04)  
 
  Support   1.745%  
 
  Resistance   1.519%  
 
 
 
 
Wednesday, September 14, 2016
 
 
    The UST 10-Year yield is at 1.696% this morning after closing at 1.727% yesterday.
 
    In economic news, we received the latest MBA Mortgage Applications data today which recorded a rise for a third consecutive week by 4.20%. Much of the rise is attributed to applications for home purchases which rose by 8.60% in Conventional and 4.80% in FHA.
 
    The U.S. Import Price Index MoM fell for the first time in five months by 0.20% versus consensus of -0.10%, the downturn in August is primarily driven by lower fuel prices according to the U.S. Bureau of Labor Statistics. All imports fell by 2.20% YoY after a decline of 3.70% YoY in the month prior. The YoY Index continues to improve after hitting a low of -11.60% in September 2015.
 
    The curve has bull-flattened with the UST 10-Year 3 bps down from prior closing.
 
 
   
 
   
 
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 94.40 94.60 -  
                   
  09/14 MBA Mortgage Applications 04:00 9 Sep - 4.20% 0.90% -  
                   
  09/14 Import Price Index MoM 05:30 Aug -0.10% -0.20% 0.10% -  
                   
  09/14 Import Price Index YoY 05:30 Aug -2.20% -2.20% -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 2151K - 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 -1.00 - -4.21 -  
                   
  09/15 Industrial Production MoM 06:15 Aug -0.20% - 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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