Sun West Mortgage Company, Inc.

Today's Coupons


	10-Year Notes		98-00 (-11)

	FN 3.5% Coupon		105-07.5 (-03)

	Support		1.713%

	Resistance		1.534%

Wednesday, October 5, 2016

The UST 10-Year yield is at 1.700% this morning after closing at 1.680% yesterday.

Several Fed officials have continued to express hawkish tones towards the US Economy in the past week, including Chicago’s Fed President Charles Evans who spoke yesterday supporting an interest rate hike before the end of this year.

MBA Mortgage Applications rose 2.90% last week after a drop of 0.70% in the week prior. Refinances increased 4.70% after falling 1.60% prior. ADP Employment Change reported that businesses added 154k jobs in September versus 175k prior revised. The data came in 11k below consensus, resulting in the smallest employment increase since April. The international trade deficit increased 3.00% in August to $40.70 Billion versus $39.50 Billion in July. Exports rose 0.80% to $187.90 Billion and imports increased 1.20% to $228.60 Billion; increases in both categories reflect improving economic activity both in the US and abroad. Factory Orders rose 0.20% versus an increase of 1.40% prior revised, and Durable Goods Orders also saw an increase, rising 0.10% versus a 0.00% increase prior.

The curve has bear-steepened with UST 10-Year up 2 bps from prior close.

This Week's Events

DATE

EVENT

TIME(PT)

PERIOD

SURVEY

ACTUAL

PRIOR

REVISED

10/03	Markit US Manufacturing PMI	06:45	Sep F	51.40	51.50	51.40	-

10/03	Construction Spending MoM	07:00	Aug	0.30%	-0.70%	0.00%	-0.30%

10/03	ISM Manufacturing	07:00	Sep	50.40	51.50	49.40	-

10/03	ISM Prices Paid	07:00	Sep	53.50	53.00	53.00	-

10/04	ISM New York	06:45	Sep	-	49.60	47.50	-

10/05	MBA Mortgage Applications	04:00	30 Sep	-	2.90%	-0.70%	-

10/05	ADP Employment Change	05:15	Sep	165K	154K	177K	175K

10/05	Markit US Services PMI	06:45	Sep F	51.90	52.30	51.90	-

10/05	Markit US Composite PMI	06:45	Sep F	-	52.30	52.00	-

10/05	Factory Orders	07:00	Aug	-0.20%	0.20%	1.90%	1.40%

10/05	Durable Goods Orders	07:00	Aug F	0.00%	0.10%	0.00%	-

10/05	Durables Ex Transportation	07:00	Aug F	-	-0.20%	-0.40%	-

10/06	Challenger Job Cuts YoY	04:30	Sep	-	-	-21.80%	-

10/06	Initial Jobless Claims	05:30	1 Oct	256K	-	254K	-

10/06	Continuing Claims	05:30	24 Sep	2081K	-	2062K	-

10/06	Bloomberg Consumer Comfort	06:45	2 Oct	-	-	41.60	-

10/07	Change in Nonfarm Payrolls	05:30	Sep	174K	-	151K	-

10/07	Unemployment Rate	05:30	Sep	4.90%	-	4.90%	-

10/07	Average Hourly Earnings MoM	05:30	Sep	0.30%	-	0.10%	-

10/07	Average Hourly Earnings YoY	05:30	Sep	2.60%	-	2.40%	-

10/07	Underemployment Rate	05:30	Sep	-	-	9.70%	-

10/07	Wholesale Inventories MoM	07:00	Aug F	-0.10%	-	-0.10%	-

10/07	Wholesale Trade Sales MoM	07:00	Aug	-	-	-0.40%	-

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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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