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Market Commentary

Market Commentary

November 04, 2014
10-YEAR NOTES   100-11.5 (+03)
FN 3.5% COUPON   103-08.5 (+01.5)
SUPPORT   2.32%
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Total September Exports of $195.6 billion (-$3 billion MoM) and Imports of $238.6 billion (+0.1 billion MoM) resulted in a goods and services deficit of $43.0 billion, up from $40.0 billion in August. The goods deficit increased +$2.4 billion in August to $62.7 billion, and the services surplus decreased -$0.6 billion to $19.6 billion. Factory orders fell -10.1% in August, following a +10.5% jump in July, and expectations for September are for a slight dip of -0.6%. The curve has bull flattened with 2s10s down -1.8 bps.

This Week's Events:

11/04 Trade Balance 05:30 September -$40.2 Billion -$43.0 Billion -$40.1 Billion -$40.0 Billion
11/04 Factory Orders 07:00 September -0.6% - -10.1% -
11/05 MBA Mortgage Applications 04:00 October 31 - - -6.6% -
11/05 ADP Employment Change 05:15 October 220K - 213K -
11/05 Markit Services PMI 06:45 October F 57.1 - 57.3 -
11/06 Initial Jobless Claims 05:30 November 01 285K - 287K -
11/06 Continuing Claims 05:30 October 25 2365K - 2384K -
11/07 Nonfarm Payrolls 05:30 October 232K - 248K -
11/07 Unemployment Rate 05:30 October 5.9% - 5.9% -



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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.