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Market Commentary


 
Today's Coupons
 
  10-Year Notes   99-03.5 (+05)  
 
  FN 3.5% Coupon   105-18 (+02.5)  
 
  Support   1.731%  
 
  Resistance   1.589%  
 
 
 
 
Monday, September 26, 2016
 
 
     The UST 10-Year yield is at 1.594% this morning after closing at 1.618% yesterday.
 
    In today’s economic news, new home sales data, which accounts for about 10.00% of all home sales, was released at 609K, 9K better than consensus. Overall, new home sales have been up roughly 20.00% from this time last year, sales in August dipped by 7.60%, which represents one of the biggest month to month drops we have seen recently. New single family home sales fell by 34.30% in the Northeast, 2.40% in the Midwest, 12.30% in the South and rose by 8.00% in the West.
 
   The Dallas manufacturing activity came in at -3.70, an improvement from -6.20 the previous month. The Dallas manufacturing index was last seen in the positive range in December 2014.
 
     The curve has bull flattened with the UST 10-Year 2.4 bps down from prior closing.
 
 
   
 
   
 
This Week's Events
 
 
  DATE EVENT TIME(PT) PERIOD SURVEY ACTUAL PRIOR REVISED  
  09/26 New Home Sales 07:00 Aug 600K 609K 654K 659K  
                   
  09/26 New Home Sales MoM 07:00 Aug -8.30% -7.60% 12.40% 13.80%  
                   
  09/26 Dallas Fed Manf. Activity 07:30 Sep -2.50 -3.70 -6.20 -  
                   
  09/27 S&P CoreLogic CS 20-City MoM SA 06:00 Jul 0.00% - -0.07% -  
                   
  09/27 S&P CoreLogic CS 20-City YoY NSA 06:00 Jul 5.10% - 5.13% -  
                   
  09/27 Markit US Services PMI 06:45 Sep P 51.20 - 51.00 -  
                   
  09/27 Markit US Composite PMI 06:45 Sep P - - 51.50 -  
                   
  09/27 Consumer Confidence Index 07:00 Sep 99.00 - 101.10 -  
                   
  09/28 MBA Mortgage Applications 04:00 23 Sep - - -7.30% -  
                   
  09/28 Durable Goods Orders 05:30 Aug P -1.50% - 4.40% -  
                   
  09/28 Durables Ex Transportation 05:30 Aug P -0.50% - 1.30% -  
                   
  09/29 Wholesale Inventories MoM 05:30 Aug P - - - -  
                   
  09/29 Initial Jobless Claims 05:30 24 Sep - - - -  
                   
  09/29 Continuing Claims 05:30 17 Sep - - - -  
                   
  09/29 GDP Annualized QoQ 05:30 2Q T - - 1.10% -  
                   
  09/29 Personal Consumption 05:30 2Q T - - 4.40% -  
                   
  09/29 GDP Price Index 05:30 2Q T - - 2.30% -  
                   
  09/29 Core PCE QoQ 05:30 2Q T - - 1.80% -  
                   
  09/29 Bloomberg Consumer Comfort 06:45 25 Sep - - - -  
                   
  09/30 Personal Income 05:30 Aug - - - -  
                   
  09/30 Personal Spending 05:30 Aug - - - -  
                   
  09/30 PCE Deflator MoM 05:30 Aug - - - -  
                   
  09/30 PCE Deflator YoY 05:30 Aug - - - -  
                   
  09/30 PCE Core MoM 05:30 Aug - - - -  
                   
  09/30 PCE Core YoY 05:30 Aug - - - -  
                   
  09/30 U. of Mich. Sentiment 07:00 Sep F - - - -  
                   
 
 
 
 
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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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