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Market Commentary


 
Today's Coupons
 
  10-Year Notes   98-08.5 (+05.5) 2.198%  
 
  FN 3.5% Coupon   103-29 (+01.5)  
 
  Support   2.250%  
 
  Resistance   2.010%  
 
 
 
 
Today's Blurb Wednesday, November 4, 2015
 
 
        MBA Mortgage Applications, for the week ended October 30th, fell 0.80% following a 3.50% decline in the week prior (+10.00% YoY). Purchases slipped 0.60% following a 3.10% drop prior (+19.50% YoY), Refinancing fell 0.90% following a 3.80% drop prior (+4.40% YoY), and the average interest rate for a 30-Year Conventional Conforming loan rose from 3.980% to 4.010% (4.170% a year ago). According to ADP, companies added 182K workers in October (consensus 180K) vs. 190K prior. The in-line ADP report may point to strength in Friday's Nonfarm Payrolls. The U.S. Trade Gap shrank in September to a seven month low, down 15.00% to -$40.81 B from a revised -$48.02 B in August. The narrowing eased concerns that slower global growth and a stronger dollar would lead to a slump in Exports while growing demand from American consumers would swell Imports. Treasuries are slightly lower following the data release this morning and the curve has bear flattened with 2s10s down 1.3 bps.
 
 
   
 
   
 
This Week's Events
 
 
  DATE EVENT TIME(PT) PERIOD SURVEY ACTUAL PRIOR REVISED  
  11/02 Markit US Manufacturing PMI 06:45 Oct F 54.00 54.10 54.00 -  
                   
  11/02 Construction Spending MoM 07:00 Sep   0.50%   0.60%   0.70% -  
                   
  11/02 ISM Manufacturing 07:00 Oct 50.00 50.10 50.20 -  
                   
  11/03 ISM New York 06:45 Oct 45.70 65.80 44.50 -  
                   
  11/03 Factory Orders 07:00 Sep -0.90% -1.00% -1.70% -2.10%  
                   
  11/03 IBD/TIPP Economic Optimism 07:00 Nov 47.40 45.50 47.30 -  
                   
  11/04 MBA Mortgage Applications 04:00 Oct 30 - -0.80% -3.50% -  
                   
  11/04 ADP Employment Change 05:15 Oct 180K 182K 200K 190K  
                   
  11/04 Trade Balance 05:30 Sep -$41.00 B -$40.81 B -$48.33 B -$48.02 B  
                   
  11/04 Markit US Composite PMI 06:45 Oct F - - 54.50 -  
                   
  11/04 Markit US Services PMI 06:45 Oct F 54.50 - 54.40 -  
                   
  11/05 Challenger Job Cuts YoY 04:30 Oct - - 93.20% -  
                   
  11/05 Initial Jobless Claims 05:30 Oct 31 262K - 260K -  
                   
  11/05 Nonfarm Productivity 05:30 3Q P -0.30% - 3.30% -  
                   
  11/05 Continuing Claims 05:30 Oct 24 2140K - 2144K -  
                   
  11/05 Bloomberg Consumer Comfort 06:45 Nov 1 - - 42.80 -  
                   
  11/06 Change in Nonfarm Payrolls 05:30 Oct 182K - 142K -  
                   
  11/06 Change in Private Payrolls 05:30 Oct 168K - 118K -  
                   
  11/06 Change in Manufact. Payrolls 05:30 Oct -4K - -9K -  
                   
  11/06 Unemployment Rate 05:30 Oct 5.00% -  5.10% -  
                   
  11/06 Average Hourly Earnings MoM 05:30 Oct 0.20% - 0.00% -  
                   
  11/06 Average Hourly Earnings YoY 05:30 Oct 2.30% - 2.20% -  
                   
  11/06 Underemployment Rate 05:30 Oct 9.90% - 10.00% -  
                   
  11/06 Labor Force Participation Rate 05:30 Oct - - 62.40% -  
                   
 
 
 
 
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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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