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Market Commentary


 
Today's Coupons
 
  10-Year Notes   97-16.5 (+06) 2.281%  
 
  FN 3.5% Coupon   103-09 (+01.5)  
 
  Support   2.280%  
 
  Resistance   2.040%  
 
 
 
 
Today's Blurb Thursday, September 17, 2015
 
 
       Housing Starts fell 3.00% in August to an annual rate of 1126K (consensus -3.80%) and July was adjusted down to a 4.10% decline to 1161K from 1206K. Single family starts rose a solid 10.90% in July and pulled back 3.00% in August to 739K. Multi-family Starts also fell back 3.00% in August. Building Permits advanced 3.50% in August (consensus +2.50%) for an annual rate of 1170K. July Permits were revised up from a 16.30% loss to -15.50%. Initial Claims fell 11K last week to 264K from an unrevised 275K prior. This is the lowest count of claims since the July 18th week and the 28th consecutive week of claims below 300K. Continuing Claims fell to 2237K vs. 2263K prior. Treasuries are opening just above yesterday's 2:00 PM (PT) close with little reaction to this morning's data release. Today, the FOMC rate decision at 11:00 AM (PT) followed by Chair Yellen's Press Conference at 11:30 AM (PT) will take center stage as their continues to be ample dissent about whether or not a Fed rate hike will occur this month.  
 
 
   
 
This Week's Events
 
 
  DATE EVENT TIME(PT) PERIOD SURVEY ACTUAL PRIOR REVISED  
  09/14 No Data - - - - - -  
                   
  09/15 Retail Sales Advance MoM 05:30 Aug 0.30% 0.20% 0.60% 0.70%  
                   
  09/15 Retail Sales Ex Auto MoM 05:30 Aug 0.20% 0.10% 0.40% 0.60%  
                   
  09/15 Empire Manufacturing 05:30 Sep -0.50 -14.67 -14.92 -  
                   
  09/15 Industrial Production MoM 06:15 Aug -0.20% -0.40% 0.60% 0.90%  
                   
  09/15 Business Inventories 07:00 Jul 0.10% 0.10% 0.80% 0.70%  
                   
  09/16 MBA Mortgage Applications 04:00 Sep 11 - -7.00% -6.20% -  
                   
  09/16 CPI MoM 05:30 Aug -0.10% -0.10% 0.10% -  
                   
  09/16 CPI YoY 05:30 Aug 0.20% 0.20% 0.20% -  
                   
  09/16 NAHB Housing Market Index 07:00 Sep 61.00 62.00 61.00 -  
                   
  09/17 Current Account Balance 05:30 2Q -$111.50 B -$109.70 B -$113.30 B -$118.30 B  
                   
  09/17 Housing Starts 05:30 Aug 1160K 1126K 1206K 1161K  
                   
  09/17 Housing Starts MoM 05:30 Aug -3.80% -3.00% 0.20% -4.10%  
                   
  09/17 Building Permits 05:30 Aug 1159K 1170K 1119K 1130K  
                   
  09/17 Building Permits MoM 05:30 Aug 2.50% 3.50% -16.30% -15.50%  
                   
  09/17 Initial Jobless Claims 05:30 Sep 12 275K 264K 275K -  
                   
  09/17 Continuing Claims 05:30 Sep 5 2258K 2237K 2260K 2263K  
                   
  09/17 Bloomberg Consumer Comfort 06:45 Sep 13 - 40.20 41.40 -  
                   
  09/17 Philadelphia Fed Business Outlook 07:00 Sep 5.90 - 8.30 -  
                   
  09/17 FOMC Rate Decision (Upper Bound) 11:00 Sep 17 0.25% - 0.25% -  
                   
  09/17 FOMC Rate Decision (Lower Bound) 11:00 Sep 17 0.00% - 0.00% -  
                   
  09/18 Leading Index 07:00 Aug 0.20% - -0.20% -  
                   
 
 
 
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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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