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Market Commentary


 
Today's Coupons
 
  10-Year Notes   97-01.5 (+02.5) 2.340%  
 
  FN 3.5% Coupon   102-29 (+01.5)  
 
  Support   2.380%  
 
  Resistance   2.210%  
 
 
 
 
Today's Blurb Tuesday, November 10, 2015
 
 
       The Import Price Index fell 0.50% in October (consensus -0.10%) and September’s reading was revised down from -0.10% to -0.60%. Import Prices are down 10.50% annually (consensus -9.40%) and September was revised down from -10.70% to -11.30%. Excluding petroleum Import Prices are down 3.40%, and excluding food-and-fuels prices are down 3.00%. Export Prices fell 0.20% and are down 6.70% YoY. Wholesale Inventories rose 0.50% in September with an upward revision in August from 0.10% to 0.30%. Wholesale Trade Sales also rose 0.50% in September with a slight upward revision in August from -1.00% to -0.90%. The September inventories/sales ratio was 1.31 vs. 1.20 a year ago. Treasuries are hovering just below yesterday’s 2:00 PM (PT) close and the curve has steepened with 2s10s up 0.6 bps.
 
 
 
   
 
   
 
This Week's Events
 
 
  DATE EVENT TIME(PT) PERIOD SURVEY ACTUAL PRIOR REVISED  
  11/09 Labor Market Conditions Index C 07:00 Oct 1​.90 1​.60 0.00 1​.30  
                   
  11/10 Import Price Index MoM 05:30 Oct -0.10%   -0.50% -0.10% -0.60%  
                   
  11/10 Import Price Index YoY 05:30 Oct -9.40%  -10.50% -10.70% -11.30%  
                   
  11/10 Wholesale Inventories MoM 07:00 Sep 0.10% 0.50% 0.10% 0.30%  
                   
  11/10 Wholesale Trade Sales MoM 07:00 Sep 0.10% 0.50% -1.00% -0.90%  
                   
  11/11 MBA Mortgage Applications 04:00 Nov 6 - - -0.80% -  
                   
  11/12 Initial Jobless Claims 05:30 Nov 7 270K - 276K -  
                   
  11/12 Continuing Claims 05:30 Oct 31 2155K - 2163K -  
                   
  11/12 Bloomberg Consumer Comfort 06:45 Nov 8 - - 41​.10 -  
                   
  11/12 JOLTS Job Openings 07:00 Sep 5400 - 5370 -  
                   
  11/12 Monthly Budget Statement 11:00 Oct -$130.00 B - - -  
                   
  11/13 Retail Sales Advance MoM 05:30 Oct 0.30% - 0.10% -  
                   
  11/13 Retail Sales Ex Auto MoM 05:30 Oct 0.40% - -0.30% -  
                   
  11/13 PPI Final Demand MoM 05:30 Oct 0.20% - -0.50% -  
                   
  11/13 PPI Final Demand YoY 05:30 Oct -1.20% - -1.10% -  
                   
  11/13 Business Inventories 07:00 Sep 0.00% - 0.00% -  
                   
  11/13 U. of Mich. Sentiment 07:00 Nov P 91.00 - 90.00 -  
                   
 
 
 
 
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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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