Back to top

Market Commentary

Home
Market Commentary


 
Today's Coupons
 
  10-Year Notes   99-08 (-07.5)  
 
  FN 3.5% Coupon   105-16.5 (-02.5)  
 
  Support   1.651%  
 
  Resistance   1.534%  
 
 
 
 
Friday, September 30, 2016
 
 
     The UST 10-Year yield is at 1.570% this morning after closing at 1.549% yesterday.
 
    This morning, the Department of Commerce released Personal Income data rose by 0.20% as economists previously forecasted; this is a 0.20% drop from the previous month. Following a small decline in income, Personal Spending fell 0.10% short of consensus and was nearly unchanged from July. Core Personal Consumption Expenditure (PCE), a gauge of inflation that excludes volatile food and energy, rose by 0.20% MoM and climbed for the first time since February to 1.70% YoY.
 
    Business activity increased in September according to the Chicago Purchasing Manager Index which rose to 54.20, up 2.70 from the prior month. Consumer confidence rose for the first time in 4 months to 91.20 in September according to the University of Michigan Consumer Sentiment Survey as more Americans are optimistic about prospects for income growth and continued low inflation.
 
     The curve has bear-steepened with the UST 10-Year 2.1 bps up from prior closing.
 
     Have A Great Weekend!
 
 
   
 
   
 
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% -0.01% -0.07% -0.10%  
                   
  09/27 S&P CoreLogic CS 20-City YoY NSA 06:00 Jul 5.10% 5.02% 5.13% 5.11%  
                   
  09/27 Markit US Services PMI 06:45 Sep P 51.20 51.90 51.00 -  
                   
  09/27 Markit US Composite PMI 06:45 Sep P - 52.00 51.50 -  
                   
  09/27 Consumer Confidence Index 07:00 Sep 99.00 104.10 101.10 101.80  
                   
  09/28 MBA Mortgage Applications 04:00 23 Sep - -0.70% -7.30% -  
                   
  09/28 Durable Goods Orders 05:30 Aug P -1.50% 0.00% 4.40% 3.60%  
                   
  09/28 Durables Ex Transportation 05:30 Aug P -0.50% -0.40% 1.30% 1.10%  
                   
  09/29 Wholesale Inventories MoM 05:30 Aug P 0.00% -0.10% 0.00% -0.10%  
                   
  09/29 Initial Jobless Claims 05:30 24 Sep 260K 254K 252K 251K  
                   
  09/29 Continuing Claims 05:30 17 Sep 2129K 2062K 2113K 2108K  
                   
  09/29 GDP Annualized QoQ 05:30 2Q T 1.30% 1.40% 1.10% -  
                   
  09/29 Personal Consumption 05:30 2Q T 4.40% 4.30% 4.40% -  
                   
  09/29 GDP Price Index 05:30 2Q T 2.30% 2.30% 2.30% -  
                   
  09/29 Core PCE QoQ 05:30 2Q T 1.80% 1.80% 1.80% -  
                   
  09/29 Bloomberg Consumer Comfort 06:45 25 Sep - 41.60 41.30 -  
                   
  09/30 Personal Income 05:30 Aug 0.20% 0.20% 0.40% -  
                   
  09/30 Personal Spending 05:30 Aug 0.10% 0.00% 0.30% 0.40%  
                   
  09/30 PCE Deflator MoM 05:30 Aug 0.20% 0.10% 0.00% -  
                   
  09/30 PCE Deflator YoY 05:30 Aug 0.90% 1.00% 0.80% -  
                   
  09/30 PCE Core MoM 05:30 Aug 0.20% 0.20% 0.10% -  
                   
  09/30 PCE Core YoY 05:30 Aug 1.70% 1.70% 1.60% -  
                   
  09/30 U. of Mich. Sentiment 07:00 Sep F 90.00 91.20 89.80 -  
                   
 
 
 
 
Helpful Links
  Visit Us Online   Submit Loan  
  Get Approved   Resolve Loan Conditions  
  Download Rate Sheet   Conventional Program Guidelines  
  Price & Lock   Government Program Guidelines  
 
 
   
 
  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  
 
©2016 Sun West Mortgage Company, Inc. All Rights Reserved