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Market Commentary


 
Today's Coupons
 
  10-Year Notes   97-14.5 (-05)  
 
  FN 3.5% Coupon   105-03 (-0.5)  
 
  Support   1.812%  
 
  Resistance   1.718%  
 
 
 
 
Tuesday, October 18, 2016
 
 
     The UST 10-Year yield is at 1.785% this morning after closing at 1.766% on Monday.

     Treasuries prices are slightly lower this morning as investors shift into commodities and equities following strong earnings. CPI came in this morning as expected at an 0.30% increase month over month. In a speech yesterday, FED Vice Chairman Stanley Fischer warned about the inflationary dangers of overshooting maximum employment. He did later add that the Fed is "very close" to satisfying its labor and inflation mandates."

    Later this week we have Mortgage Applications and Housing Starts on Wednesday and Jobless Claims and Existing Home Sales on Thursday. 

     The curve has bear-steepened with the UST 10-Year 1.7 bps up from prior closing.
 
 
   
 
   
 
This Week's Events
 
 
  DATE EVENT TIME(PT) PERIOD SURVEY ACTUAL PRIOR REVISED  
  10/17 Empire Manufacturing 05:30 Oct 1.00 -6.80 -2.00 -  
                   
  10/17 Industrial Production MoM 06:15 Sep 0.10% 0.10% -0.40% -0.50%  
                   
  10/17 Capacity Utilization 06:15 Sep 75.60% 75.40% 75.50% 75.30%  
                   
  10/18 CPI MoM 05:30 Sep 0.30% 0.30% 0.20% -  
                   
  10/18 CPI YoY 05:30 Sep 1.50% 1.50% 1.10% -  
                   
  10/18 Real Avg Weekly Earnings YoY 05:30 Sep - 0.80% 0.40% -  
                   
  10/19 MBA Mortgage Applications 04:00 14 Oct - - -6.00% -  
                   
  10/19 Housing Starts 05:30 Sep 1175K - 1142K -  
                   
  10/19 Housing Starts MoM 05:30 Sep 2.90% - -5.80% -  
                   
  10/19 Building Permits 05:30 Sep 1165K - 1139K 1152K  
                   
  10/19 Building Permits MoM 05:30 Sep 1.10% - -0.40% 0.70%  
                   
  10/20 Initial Jobless Claims 05:30 15 Oct 250K - 246K -  
                   
  10/20 Continuing Claims 05:30 8 Oct 2055K - 2046K -  
                   
  10/20 Philadelphia Fed Business Outlook 05:30 Oct 5.30 - 12.80 -  
                   
  10/20 Bloomberg Consumer Comfort 06:45 16 Oct - - - -  
                   
  10/20 Existing Home Sales 07:00 Sep - - 5.33 M -  
                   
  10/20 Existing Home Sales MoM 07:00 Sep - - -0.90% -  
                   
  10/20 Leading Index 07:00 Sep - - -0.20% -  
                   
  10/21 No Data - - - - - -  
                   
 
 
 
 
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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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