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Market Commentary


 
Today's Coupons
 
  10-Year Notes   100-03 (+09.5) 2.239%  
 
  FN 3.5% Coupon   103-14.5 (+04.5)  
 
  Support   2.380%  
 
  Resistance   2.210%  
 
 
 
 
Today's Blurb Thursday, November 19, 2015
 
 
       Initial Jobless Claims for the week ended November 14th fell 5K to 271K vs. 276K prior. This is the 37th consecutive week of claims below 300K, yet another sign that the labor market continues to gradually improve. The four-week moving average for Initial Claims rose to 270,750 from 267,750 prior. Continuing Claims fell 2K to 2175K vs. 2177K prior (revised). Yesterday the FOMC minutes confirmed the FOMC’s desire to raise rates in December and while the overall tone was hawkish the committee maintains its data dependant stance. Treasuries are higher this morning following the data release and the curve has flattened with 2s10s down 2.6 bps.
 
 
   
 
   
 
This Week's Events
 
 
  DATE EVENT TIME(PT) PERIOD SURVEY ACTUAL PRIOR REVISED  
  11/16 Empire Manufacturing 05:30 Nov -6.50 -10.74 -11.36 -  
                   
  11/17 CPI MoM 05:30 Oct    0.20%    0.20% -0.20% -  
                   
  11/17 CPI YoY 05:30 Oct    0.10%    0.20%  0.00% -  
                   
  11/17 Industrial Production MoM 06:15 Oct    0.10%   -0.20% -0.20% -  
                   
  11/17 Capacity Utilization 06:15 Oct   77.50%   77.50%    77.50% 77.70%  
                   
  11/17 NAHB Housing Market Index 07:00 Nov 64.00 62.00 64.00 65.00  
                   
  11/18 MBA Mortgage Applications 04:00 Nov 13 - 6.20%  -1.30% -  
                   
  11/18 Housing Starts 05:30 Oct 1160K 1060K 1206K 1191K  
                   
  11/18 Housing Starts MoM 05:30 Oct -3.80% -11.00%   6.50% 6.70%  
                   
  11/18 Building Permits 05:30 Oct 1147K 1150K 1103K 1105K  
                   
  11/18 Building Permits MoM 05:30 Oct 3.80% 4.10% -5.00% -4.80%  
                   
  11/18 Fed Releases FOMC Meeting Minutes 11:00 Oct 27-28 - - - -  
                   
  11/19 Initial Jobless Claims 05:30 Nov 14 270K 271K 276K -  
                   
  11/19 Continuing Claims 05:30 Nov 7 2167K 2175K 2174K 2177K  
                   
  11/19 Bloomberg Consumer Comfort 06:45 Nov 15 - 41.20 41.60 -  
                   
  11/19 Philadelphia Fed Business Outlook 05:30 Nov -0.50 1.90 -4.50 -  
                   
  11/19 Leading Index 07:00 Oct     0.50% 0.60%   -0.20% -0.10%  
                   
  11/20 Kansas City Fed Manf. Activity 08:00 Nov 0.00 - -1.00 -  
                   
 
 
 
 
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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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