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Market Commentary


 
Today's Coupons
 
  10-Year Notes   100-04.5 (+02.5) 2.234%  
 
  FN 3.5% Coupon   103-11 (+01)  
 
  Support   2.380%  
 
  Resistance   2.210%  
 
 
 
 
Today's Blurb Tuesday, November 24, 2015
 
 
       The Trade Deficit shrank to an eight month low at $58.4 Billion in October, a 1.20% improvement from September’s $59.1 Billion gap. The economy grew at a faster pace in the third quarter than previously reported in the first estimate of third quarter GDP. According to the second estimate the economy expanded at a quarterly rate of 2.10%, up from the first estimate of 1.50%. Personal Consumption grew at 3.00%, less than the previously reported growth of 3.20%. Core PCE held at 1.30%. Home prices climbed more than forecast in September, up 0.61% (consensus 0.30%), according to the Case-Shiller's 20-city adjusted index. Year-over-year the Index is up 5.45% following an upward revision from 5.09% to 5.13% in August. Treasuries remain at yesterday’s close level and 2s10s 0.1 bps flatter.
 
 
   
 
   
 
This Week's Events
 
 
  DATE EVENT TIME(PT) PERIOD SURVEY ACTUAL PRIOR REVISED  
  11/23 Chicago Fed Nat Activity Index 05:30 Oct 0.05 -0.04 -0.37 -0.29  
                   
  11/23 Markit US Manufacturing PMI 06:45 Nov P  54.00   52.60 54.10 -  
                   
  11/23 Existing Home Sales 07:00 Oct     5.40 M       5.36 M     5.55 M  -  
                   
  11/23 Existing Home Sales MoM 07:00 Oct    -2.70%   -3.40%   4.70% -  
                   
  11/24 GDP Annualized QoQ 05:30 3Q S   2.10% 2.10%   1.50% -  
                   
  11/24 Personal Consumption 05:30 3Q S   3.20% 3.00%   3.20% -  
                   
  11/24 GDP Price Index 05:30 3Q S    1.20% 1.30%   1.20% -  
                   
  11/24 S&P/Case-Shiller US HPI MoM 06:00 Sep - 0.83%   0.44% 0.41%  
                   
  11/24 S&P/Case-Shiller US HPI YoY 06:00 Sep - 4.86%   4.68% 4.56%  
                   
  11/24 Consumer Confidence Index 07:00 Nov 99.50 90.40 97.60 99.10  
                   
  11/24 Richmond Fed Manufact. Index 07:00 Nov 1.00 -3.00 -1.00 -  
                   
  11/25 MBA Mortgage Applications 04:00 Nov 20 - -   6.20% -  
                   
  11/25 Personal Income 05:30 Oct   0.40% -   0.10% -  
                   
  11/25 Personal Spending 05:30 Oct   0.30% -   0.10% -  
                   
  11/25 PCE Deflator MoM 05:30 Oct   0.20% - -0.10% -  
                   
  11/25 PCE Deflator YoY 05:30 Oct   0.30% -   0.20% -  
                   
  11/25 Durable Goods Orders 05:30 Oct P   1.50% - -1.20% -  
                   
  11/25 Initial Jobless Claims 05:30 Nov 21 271K - 271K -  
                   
  11/25 Continuing Claims 05:30 Nov 14 2120K - 2175K -  
                   
  11/25 FHFA House Price Index MoM 06:00 Sep  0.40% -  0.30% -  
                   
  11/25 Markit US Composite PMI 06:45 Nov P - - 55.00 -  
                   
  11/25 Markit US Services PMI 06:45 Nov P 55.00 - 54.80 -  
                   
  11/25 Bloomberg Consumer Comfort 06:45 Nov 22 - - 41.20 -  
                   
  11/25 New Home Sales 07:00 Oct 500K - 468K -  
                   
  11/25 New Home Sales MoM 07:00 Oct   6.80% -  -11.50% -  
                   
  11/25 U. of Michigan Sentiment 07:00 Nov F 93.10 - 93.10 -  
                   
  11/26 No Data - - - - - -  
 
 
 
 
 
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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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