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Market Commentary


 
Today's Coupons
 
  10-Year Notes   99-25 (+11.5) 2.275%  
 
  FN 3.5% Coupon   103-06.5 (+08)  
 
  Support   2.380%  
 
  Resistance   2.210%  
 
 
 
 
Today's Blurb Friday, November 13, 2015
 
 
      Retail Sales rose less than forecast in October, up 0.10% following a downward revision in September from 0.10% to 0.00%. Retail Sales excluding Autos and Gas rose 0.30% following no gain in September. PPI Final Demand fell 0.40% following a 0.50% drop the month prior. Food prices dropped 0.80%, energy prices were unchanged, and wholesale prices excluding food and fuel fell 0.30% in October. PPI year-over-year is down 1.60% (consensus -1.20%) following a negative 1.10% prior. Next week the FOMC meets to decide the short term interest rate levels and they have a mixed bag of data to consider with the lack of inflation advancement and the recent strength in the labor market. Treasuries are higher this morning following the data miss and the curve has flattened with 2s10s down 1.9 bps.
Have An Amazing Weekend!
 
 
   
 
   
 
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​.60 41​.10 -  
                   
  11/12 JOLTS Job Openings 07:00 Sep 5400 5526 5370 5377  
                   
  11/12 Monthly Budget Statement 11:00 Oct -$131.50 B -$136.50 B -$121.70 B -  
                   
  11/13 Retail Sales Advance MoM 05:30 Oct 0.30% 0.10% 0.10% 0.00%  
                   
  11/13 Retail Sales Ex Auto MoM 05:30 Oct 0.40% 0.20% -0.30% -0.40%  
                   
  11/13 PPI Final Demand MoM 05:30 Oct 0.20% -0.40% -0.50% -  
                   
  11/13 PPI Final Demand YoY 05:30 Oct -1.20% -1.60% -1.10% -  
                   
  11/13 Business Inventories 07:00 Sep 0.00% 0.30% 0.00% 0.10%  
                   
  11/13 U. of Mich. Sentiment 07:00 Nov P 91.50 93.10 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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