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Market Commentary


 
Today's Coupons
 
  10-Year Notes   100-09 (+01) 2.218%  
 
  FN 3.5% Coupon   103-16.5 (+02)  
 
  Support   2.380%  
 
  Resistance   2.210%  
 
 
 
 
Today's Blurb Monday, November 30, 2015
 
 
        This week’s spotlight is on Friday’s Nonfarm Payrolls in which we expect a contraction to 200K vs. 271K prior, coupled with a steady Unemployment rate of 5.00%. This is the final Payrolls release before the mid-December FOMC meeting. Today we get data on Pending Home Sales, followed by Construction Spending tomorrow, Factory Orders on Thursday, and the Trade Balance on Friday. Pending Home Sales for October rose by 2.10% with an upward revision to September from 2.50% to 3.20%. Treasuries are hovering near last Friday’s 2:00 PM (PT) close and the curve has flattened with 2s10s down 1.2 bps.
 
 
   
 
   
 
This Week's Events
 
 
  DATE EVENT TIME(PT) PERIOD SURVEY ACTUAL PRIOR REVISED  
  11/30 ISM Milwaukee 06:00 Nov 48.00 45.34 46.66 -  
                   
  11/30 Pending Home Sales MoM 07:00 Oct    1.00% 0.20% -2.30% -1.60%  
                   
  11/30 Dallas Fed Manf. Activity 07:30 Nov   -10.00    -     -12.70   -  
                   
  12/01 Markit US Manufacturing PMI 06:45 Nov F    52.60  -   52.60 -  
                   
  12/01 Construction Spending MoM 07:00 Oct   0.60% -   0.60% -  
                   
  12/01 ISM Manufacturing 07:00 Nov   50.50 -   50.10 -  
                   
  12/02 MBA Mortgage Applications 04:00 Nov 27   - -   -3.20% -  
                   
  12/02 ADP Employment Charge 05:15 Nov 190K -   182K -  
                   
  12/02 Nonfarm Productivity 05:30 3Q F 2.20% -   1.60% -  
                   
  12/02 ISM New York 06:45 Nov 58.00 - 65.80 -  
                   
  12/02 U.S Fed Releases Beige Book 11:00 - -   -    
                   
  12/03 Challenger Job Cuts YoY 04:30 Nov - -   -1.30% -  
                   
  12/03 Initial Jobless Claims 05:30 Nov 28   268K -    260K -  
                   
  12/03 Continuing Claims 05:30 Nov 21   - -   2207K -  
                   
  12/03 Markit US Composite PMI 06:45 Nov F   - - - -  
                   
  12/03 Markit US Services PMI 06:45 Nov F   - - - -  
                   
  12/03 Factory Orders 07:00 Oct   0.90% - -1.00% -  
                   
  12/03 Durable Goods Orders 07:00 Oct F - - 3.00% -  
                   
  12/03 Durables Ex Transportation 07:00 Oct F - - 0.50% -  
                   
  12/04 Change in Nonfarm Payrolls 05:30 Nov  200K  -  271K -  
                   
  12/04 Unemployment Rate 05:30 Nov 5.00% - 5.00% -  
                   
  12/04 Average Hourly Earnings MoM 05:30 Nov 0.20% - 0.40% -  
                   
  12/04 Average Hourly Earnings YoY 05:30 Nov 2.30% - 2.50% -  
                   
  12/04 Underemployment Rate 05:30 Nov - - 9.80% -  
                   
  12/04 Labor Force Participation Rate 05:30 Nov - -  62.40% -  
                   
  12/04 Trade Balance 05:30 Oct  -$43.75 B -  -$40.81 B -  
                   
 
 
 
 
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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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