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Market Commentary


 
Today's Coupons
 
  10-Year Notes   99-13.5 (+03) 2.315%  
 
  FN 3.5% Coupon   103-0.5 (+02.5)  
 
  Support   2.380%  
 
  Resistance   2.210%  
 
 
 
 
Today's Blurb Thursday, November 12, 2015
 
 
       Initial Jobless Claims were unchanged last week holding below 300K for the 36th consecutive week. Initial Jobless Claims posted just above market expectations at 276K (consensus 270K). The persistence below 300K is in line with a labor market that continues to move closer to full employment. The four-week moving average for Claims rose to 267,750 vs. 262,750 prior. Continuing Claims rose 5K to 2174K vs. 2169K prior (revised). Later today we get the Monthly Budget Statement which is expected to show a monthly deficit of $131.5 B. Treasuries are higher this morning following yesterday’s market close and 2s10s held at Tuesday’s close level.
 
 
 
   
 
   
 
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 - -1.30% -0.80% -  
                   
  11/12 Initial Jobless Claims 05:30 Nov 7 270K 276K 276K -  
                   
  11/12 Continuing Claims 05:30 Oct 31 2155K 2174K 2163K 2169K  
                   
  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 -$131.50 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 91.50 - 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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