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Market Commentary

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Market Commentary


Monday
September 22, 2014
10-YEAR NOTES   98-08.75 (+03.75)
2.574%
FN 3.5% COUPON   101-29 (+03.50)
SUPPORT   2.660%
RESISTANCE   2.200%
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The market is opening higher after global stock markets fell overnight on the back of comments from China's finance minister regarding growth pressures going forward. Today the Chicago Fed Activity Index came in at -0.21 vs. 0.33 expected and later this morning Existing Home Sales will be released.

This Week's Events:

DATE EVENTS TIME (PDT) PERIOD SURVEY ACTUAL PRIOR REVISED
09/22 Chicago Fed Activity Index 05:30 August 0.33 -0.21 0.39 0.26
09/22 Existing Home Sales 07:00 August 5.20 Million 5.05 Million 5.15 Million 5.14 Million
09/22 Existing Home Sales MoM 07:00 August 1.0% -1.8% 2.4% 2.2%
09/23 No Data - - - - - -
09/24 MBA Mortgage Applications 04:00 September 19 - - 7.9% -
09/24 New Home Sales 07:00 August 430K - 412K -
09/24 New Home Sales MoM 07:00 August 4.4% - -2.4% -
09/25 Jobless claims 05:30 September 20 297K - 280K -
09/25 Continuing Claims 05:30 September 13 2440K - 2429K -
09/25 Durable Goods Orders 05:30 August -18.0% - 22.6% -
09/26 GDP Annualized QoQ 5:30 2Q T 4.6% - 4.2% -
09/26 Personal Consumption 05:30 2Q T 2.9% - 2.5% -
09/26 Core PCE QoQ 05:30 2Q T 2.0% - 2.0% -
09/26 University of Michigan confidence 06:55 September F 84.8 - 84.6 -

 

 

 
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This information is provided solely for informational use and is not intended as a trading or investment advice in any manner whatsoever. Sun West Mortgage Company, Inc. is not liscensed or registered broker or dealer and cannot provide investment strategies or recommendations. This information is provided to 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, price, guidelines, fees, costs, terms and conditions are subject to change without notice.