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Market Commentary

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Market Commentary


Tuesday
October 07, 2014
10-YEAR NOTES   99-25.5 (+06.5) 2.389%
FN 3.5% COUPON   102-29 (+03.5)
SUPPORT   2.660%
RESISTANCE   2.200%
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Today we'll get the August JOLTS data (consensus 4700 vs. 4673 in July) along with August Consumer Credit numbers (consensus $20.0 Billion vs. $26.0 Billion in July). At 10:00 AM (PDT) Treasury will auction $27 Billion in new 3-Year notes. The bull market continues with 10-Year notes at 2.398% and the curve has bull flattened with 2s10s down -1.5 bps.

This Week's Events:

DATE EVENTS TIME (PDT) PERIOD SURVEY ACTUAL PRIOR REVISED
10/07 Consumer Credit 12:00 August $20.000 Billion - $26.006 Billion -
10/08 MBA Mortgage Applications 04:00 October 3 - - -0.2% -
10/08 FOMC Minutes 11:00 September 16-17 - - - -
10/09 Initial Jobless Claims 05:30 October 4 295K - 287K -
10/09 Continuing Claims 05:30 September 27 2410K - 2398K -
10/09 Wholesale Inventories MoM 07:00 August 0.3% - 0.1% -
10/09 Wholesale Trade Sales MoM 07:00 August 0.3% - 0.7% -
10/10 Import Price Index MoM 05:30 September -0.7% - -0.9% -
10/10 Import Price Index YoY 05:30 September -1.4% - -0.4% -
10/10 Monthly Budget Statement 10/17 September $75.0 Billion - $75.1 Billion -

 

 

 
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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.