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Market Commentary


 
Today's Coupons
 
  10-Year Notes   97-21 (-06.5)  
 
  FN 3.5% Coupon   105-03.5 (-01)  
 
  Support   1.797%  
 
  Resistance   1.694%  
 
 
 
 
Friday, October 14, 2016
 
 
     The UST 10-Year yield is at 1.770% this morning after closing at 1.740% on Thursday.

     Treasuries reversed yesterday's gains and yields are climbing higher this morning nearing a four month high. Continued positive economic data and a very close FOMC decision in September have investors expecting a rate hike by the end of the year. Today FED Chairwoman Janet Yellen and Eric Rosengren of the Boston FED will make speeches ahead of a 2 day economic conference at the Federal Reserve Bank of Boston.

    For today's economic data, September Retail Sales came in as expected at 0.60%, the biggest gain in 3 months. PPI was 0.30% vs. 0.20% expected. University of Michigan Consumer Sentiment Index was 87.90 vs. 91.80 expected. 

     The curve has bear-steepened with the UST 10-Year 3 bps up from prior closing.
 
     Have A Great Weekend!
 
 
   
 
   
 
This Week's Events
 
 
  DATE EVENT TIME(PT) PERIOD SURVEY ACTUAL PRIOR REVISED  
  10/10 No Data - - - - - -  
                   
  10/11 NFIB Small Business Optimism 03:00 Sep 95.00 94.10 94.40 -  
                   
  10/12 MBA Mortgage Applications 04:00 7 Oct - -6.00% 2.90% -  
                   
  10/12 JOLTS Job Openings 07:00 Aug 5800 - 5871 -  
                   
  10/12 FOMC Meeting Minutes 11:00 21 Sep - - - -  
                   
  10/13 Import Price Index MoM 05:30 Sep 0.20% 0.10% -0.20% -  
                   
  10/13 Import Price Index YoY 05:30 Sep -1.00% -1.10% -2.20% -  
                   
  10/13 Initial Jobless Claims 05:30 8 Oct 253K 246K 249K 246K  
                   
  10/13 Continuing Claims 05:30 1 Oct 2050K 2046K 2058K 2062K  
                   
  10/13 Bloomberg Consumer Comfort 06:45 9 Oct - 42.10 41.40 -  
                   
  10/14 Retail Sales Advance MoM 05:30 Sep 0.60% 0.60% -0.30% -0.20%  
                   
  10/14 PPI Final Demand MoM 05:30 Sep 0.20% 0.30% 0.00% -  
                   
  10/14 PPI Final Demand YoY 05:30 Sep 0.60% 0.70% 0.00% -  
                   
  10/14 Business Inventories 07:00 Aug 0.10% 0.20% 0.00% -  
                   
  10/14 U. of Mich. Sentiment 07:00 Oct P 91.80 87.90 91.20 -  
                   
 
 
 
 
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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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