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Market Commentary


 
Today's Coupons
 
  10-Year Notes   97-26 (00)  
 
  FN 3.5% Coupon   105-07.5 (-0.5)  
 
  Support   1.759%  
 
  Resistance   1.536%  
 
 
 
 
Friday, October 7, 2016
 
 
     The UST 10-Year yield is at 1.740% this morning after closing at 1.737% yesterday.

    Treasury yields are relatively unchanged this morning after the September jobs report came in near market expectations. Change in Nonfarm Payrolls is 156K vs. 172K expected but the previous month's number was revised up by 16K to 167K. The private sector gained 167K jobs while manufacturing sector jobs declined by 13K. The unemployment rate currently stands at 5.00% vs. 4.90% in the previous month. 

    Next week's economic data focus will be on the release of the minutes from September's FOMC meeting on Wednesday.

     The curve has bear-steepened with the UST 10-Year 0.3 bp up from prior closing.
 
     Have A Fantastic Weekend!
 
 
   
 
   
 
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 - -24.70% -21.80% -  
                   
  10/06 Initial Jobless Claims 05:30 1 Oct 256K 249K 254K -  
                   
  10/06 Continuing Claims 05:30 24 Sep 2081K 2058K 2062K 2064K  
                   
  10/06 Bloomberg Consumer Comfort 06:45 2 Oct - 41.40 41.60 -  
                   
  10/07 Change in Nonfarm Payrolls 05:30 Sep 172K 156K 151K 167K  
                   
  10/07 Unemployment Rate 05:30 Sep 4.90% 5.00% 4.90% -  
                   
  10/07 Average Hourly Earnings MoM 05:30 Sep 0.30% 0.20% 0.10% -  
                   
  10/07 Average Hourly Earnings YoY 05:30 Sep 2.60% 2.60% 2.40% -  
                   
  10/07 Underemployment Rate 05:30 Sep - 9.70% 9.70% -  
                   
  10/07 Wholesale Inventories MoM 07:00 Aug F -0.10% -0.20% -0.10% -  
                   
  10/07 Wholesale Trade Sales MoM 07:00 Aug 0.10% 0.70% -0.40% -0.60%  
                   
 
 
 
 
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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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