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Market Commentary

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Market Commentary


Tuesday
September 30, 2014
10-YEAR NOTES   98-27.5 (-04)
2.506%
FN 3.5% COUPON   102-06 (-03.5)
SUPPORT   2.660%
RESISTANCE   2.200%
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The S&P/Case-Shiller Composite-20 Index of property values increased 6.75% (YoY), the smallest 12-month gain since November 2012. The S&P/Case-Shiller Home Price Index rose 5.61% (YoY) vs. 6.24% prior. Treasuries fell this morning, pushing 10-Year yields up from the lowest level in three weeks, amid speculation that a strong employment report on Friday may keep the Federal Reserve on track to raise rates next year. The curve is opening flat to yesterday’s 2:00 PM (PDT) close with MBS 1-2 ticks wider to treasury hedges.

This Week's Events:

DATE EVENTS TIME (PDT) PERIOD SURVEY ACTUAL PRIOR REVISED
09/30 Case-Shiller Home Price Index 06:00 July 174.45 173.34 172.33 -
09/30 Consumer Confidence 07:00 September 92.50 - 92.40 -
10/01 MBA Mortgage Applications 04:00 September 26 - - -4.10% -
10/01 ADP Employment Change 05:15 September 207K - 204K -
10/01 Markit Manufacturing PMI 06:45 September F 57.90 - 57.90 -
10/01 ISM Manufacturing 07:00 September 58.50 - 59.00 -
10/01 Construction Spending MoM 07:00 August 0.50% - 1.80% -
10/02 Initial Jobless Claims 05:30 September 27 297K - 293K -
10/02 Continuing Claims 05:30 September 20 2425K - 2439K -
10/02 Factory Orders 07:00 August -9.50% - 10.50% -
10/03 Trade Balance 05:30 August -$40.80 Billion - -$40.50 Billion -
10/03 Nonfarm Payrolls 05:30 September 218K - 142K -
10/03 Unemployment Rate 05:30 September 6.10% - 6.10% -
10/03 Markit Services PMI 06:45 September F 58.50 - 58.50 -

 

 

 
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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.