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Market Commentary


 
Today's Coupons
 
  10-Year Notes   98-20.5 (+18) 2.153%  
 
  FN 3.5% Coupon   104-01.5 (+07)  
 
  Support   2.280%  
 
  Resistance   2.040%  
 
 
 
 
Today's Blurb Friday, September 18, 2015
 
 
      Yesterday Fed Chair Yellen announced that there will not be a Fed Funds rate hike in September. While the committee expects moderate GDP growth through the short/medium term, they cited weakness in labor market participation and global market turmoil as the driving factors behind holding off the hike. They promised the usual data dependency and assured markets that future Fed moves will not hinge on any one single data point but rather a wide range of domestic and global factors. The FOMC also lowered their dot plot projections for the median Fed funds rate for 2016 and 2017. Treasuries rallied yesterday following the no hike news and the momentum has extended into today with the curve 4 bps flatter (2s10s).   
Have A Happy Weekend!
 
 
   
 
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 -6.00 8.30 -  
                   
  09/17 FOMC Rate Decision (Upper Bound) 11:00 Sep 17 0.25% 0.25% 0.25% -  
                   
  09/17 FOMC Rate Decision (Lower Bound) 11:00 Sep 17 0.00% 0.00% 0.00% -  
                   
  09/18 Leading Index 07:00 Aug 0.20% 0.10% -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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