Back to top

Market Commentary

Home
Market Commentary


 
Today's Coupons
 
  10-Year Notes   97-29.5 (+01.5)  
 
  FN 3.5% Coupon   103-13.5 (+02.5)  
 
  Support   2.283%  
 
  Resistance   1.718%  
 
 
 
 
Wednesday, November 16, 2016
 
 
    The UST 10-Year yield is at 2.246% this morning after closing at 2.220% yesterday.

   Following the election of Donald Trump interest rates have seen the biggest week-over-week increase since June of 2013; and it is accompanied by a drastic drop in MBA Mortgage Applications with fell by -9.20% in the week ended Nov 11th. Home refinance applications fell by 11.00% while applications for home purchases were only down 6.00%. The U.S Producer Price Index, a leading indicator of consumer price inflation, was unchanged for the month of October and PPI Ex Food and Energy declined by -0.20%.
 

  Industrial Production, a measure of output of America's factories, power plants and mines, remained unchanged in the month of October after a decrease of 0.20% in the month prior. This was partly due to the unusually warm fall causing a reduced demand for heating according to the Fed. Capacity Utilization which gauges the slack in the industrial economy was down by 0.10% to 75.30%.

    The curve has bear-flattened with the UST 10-Year 2 bps up 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% 0.50% 0.10% 0.20%  
                   
  11/15 Empire Manufacturing 05:30 Nov -2.50 1.50 -6.80 -  
                   
  11/15 Import Price Index YoY 05:30 Oct -0.30% -0.20% -1.10% -1.00%  
                   
  11/15 Retail Sales Advance MoM 05:30 Oct 0.60% 0.80% 0.60% 1.00%  
                   
  11/15 Business Inventories 07:00 Sep 0.20% 0.10% 0.20% -  
                   
  11/16 MBA Mortgage Applications 04:00 11 Nov - -9.20% -1.20% -  
                   
  11/16 PPI Final Demand MoM 05:30 Oct 0.30% 0.00% 0.30% -  
                   
  11/16 PPI Final Demand YoY 05:30 Oct 1.20% 0.80% 0.70% -  
                   
  11/16 Industrial Production MoM 06:15 Oct 0.20% 0.00% 0.10% -0.20%  
                   
  11/16 Capacity Utilization 06:15 Oct 75.50% 75.30% 75.40% -  
                   
  11/16 NAHB Housing Market Index 07:00 Nov 63.00 - 63.00 -  
                   
  11/17 Housing Starts 05:30 Oct 1159K - 1047K -  
                   
  11/17 Housing Starts MoM 05:30 Oct 10.70% - -9.00% -  
                   
  11/17 Building Permits 05:30 Oct 1195K - 1225K -  
                   
  11/17 Building Permits MoM 05:30 Oct -2.50% - 6.30% -  
                   
  11/17 CPI MoM 05:30 Oct 0.40% - 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 - - - -  
                   
 
 
 
 
Helpful Links
  Visit Us Online   Submit Loan  
  Get Approved   Resolve Loan Conditions  
  Download Rate Sheet   Conventional Program Guidelines  
  Price & Lock   Government Program Guidelines  
 
 
   
 
  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  
 
©2016 Sun West Mortgage Company, Inc. All Rights Reserved