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Market Commentary


 
Today's Coupons
 
  10-Year Notes   98-01 (-29)  
 
  FN 3.5% Coupon   103-09.5 (-19)  
 
  Support   2.301%  
 
  Resistance   1.715%  
 
 
 
 
Monday, November 14, 2016
 
 
    The UST 10-Year yield is at 2.220% this morning after closing at 2.150% last Thursday.

    Yields continue to soar higher this morning as the market speculates on if Trump's infrastructure and fiscal policy plans will bring growth and inflation. Federal Reserve Vice Chairman Stanley Fischer gave a speech Friday and said that the FED was close to achieving its goals for max employment and price stability. This is a strong hint that a rate hike will still occur in December.

   There is no economic data this morning but on Tuesday there is Empire Manufacturing, Retail Sales and Import Price Index. On Wednesday we have MBA Mortgage Applications, PPI and Industrial Production. Thursday brings us Housing Starts, CPI and Initial Jobless Claim. Friday just has Leading Index.

    The curve has bear-steepened with the UST 10-Year 7.0 bps higher from prior closing.

 
 
   
 
   
 
This Week's Events
 
 
  DATE EVENT TIME(PT) PERIOD SURVEY ACTUAL PRIOR REVISED  
  11/14 No Change - - - - - -  
                   
  11/15 Import Price Index MoM 05:30 Oct 0.40% - 0.10% -  
                   
  11/15 Empire Manufacturing 05:30 Nov -2.50 - -6.80 -  
                   
  11/15 Import Price Index YoY 05:30 Oct -0.30% - -1.10% -  
                   
  11/15 Retail Sales Advance MoM 05:30 Oct 0.60% - 0.60% -  
                   
  11/15 Business Inventories 07:00 Sep 0.20% - 0.20% -  
                   
  11/16 MBA Mortgage Applications 04:00 11 Nov - - -1.20% -  
                   
  11/16 PPI Final Demand MoM 05:30 Oct 0.30% - 0.30% -  
                   
  11/16 PPI Final Demand YoY 05:30 Oct 1.20% - 0.70% -  
                   
  11/16 Industrial Production MoM 06:15 Oct 0.20% - 0.10% -  
                   
  11/16 Capacity Utilization 06:15 Oct 75.50% - 75.40% -  
                   
  11/16 NAHB Housing Market Index 07:00 Nov 63.00 - 63.00 -  
                   
  11/17 Housing Starts 05:30 Oct - - 1047K -  
                   
  11/17 Housing Starts MoM 05:30 Oct - - -9.00% -  
                   
  11/17 Building Permits 05:30 Oct - - 1225K -  
                   
  11/17 Building Permits MoM 05:30 Oct - - 6.30% -  
                   
  11/17 CPI MoM 05:30 Oct - - 0.30% -  
                   
  11/17 CPI YoY 05:30 Oct - - 1.50% -  
                   
  11/17 Initial Jobless Claims 05:30 12 Nov - - - -  
                   
  11/17 Continuing Claims 05:30 5 Nov - - - -  
                   
  11/17 Real Avg Weekly Earnings YoY 05:30 Oct - - 0.80% -  
                   
  11/17 Bloomberg Consumer Comfort 06:45 13 Nov - - - -  
                   
  11/18 Leading Index 07:00 Oct - - 0.20% -  
                   
  11/18 Kansas City Fed Manf. Activity 08:00 Nov - - - -  
                   
 
 
 
 
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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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