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Market Commentary

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Market Commentary


 
Today's Coupons
 
  10-Year Notes   99-29 (-11) 2.261%  
 
  FN 3.5% Coupon   103-05.5 (-04)  
 
  Support   2.370%  
 
  Resistance   2.130%  
 
 
 
 
Today's Blurb Wednesday, December 9, 2015
 
 
          MBA Mortgage Applications rose 1.20% last week following two consecutive weekly declines of 0.20% and 3.20% (+12.50% YoY). Purchases were unchanged following the prior week's 7.70% advance (+28.60% YoY), Refinancing rose 3.50% following a 6.00% decline prior (+3.40% YoY), and the average interest rate for a Conventional 30-Year Conforming loan rose 2 bps to 4.140%. Wholesale Inventories fell 0.10% in October (consensus +0.20%) with a downward revision in September from 0.50% to 0.20%. Inventories of durable goods, such as autos and machinery, fell 0.10% following a 0.60% decline prior. Wholesale sales were flat in October (consensus 0.20%), following a rise of 0.50% in September. Treasuries are lower this morning despite the disappointing Wholesale data release and the curve has steepened with 2s10s 2.1 bps steeper.
 
 
   
 
   
 
This Week's Events
 
 
  DATE EVENT TIME(PT) PERIOD SURVEY ACTUAL PRIOR REVISED  
  12/07 Consumer Credit 12:00 Oct $19.000 B - $28.918 B -  
                   
  12/08 JOLTS Job Openings 07:00 Oct  5500 5383   5526 5534  
                   
  12/09 MBA Mortgage Applications 04:00 Dec 4   -   1.20%  -0.20% -  
                   
  12/09 Wholesale Inventories MoM 07:00 Oct   0.20% -0.10%   0.50% 0.20%  
                   
  12/09 Wholesale Trade Sales MoM 07:00 Oct   0.20%   0.00%   0.50% -  
                   
  12/10 Import Price Index MoM 05:30 Nov   -0.80% -   -0.50% -  
                   
  12/10 Import Price Index YoY 05:30 Nov   -9.60% -     -10.50% -  
                   
  12/10 Initial Jobless Claims 05:30 Dec 5 270K - 269K -  
                   
  12/10 Continuing Claims 05:30 Nov 28 2155K - 2161K -  
                   
  12/11 Retail Sales Advance MoM 05:30 Nov  0.30% -   0.10% -  
                   
  12/11 Retail Sales Ex Auto MoM 05:30 Nov  0.30% -   0.20% -  
                   
  12/11 PPI Final Demand MoM 05:30 Nov  0.00% -  -0.40% -  
                   
  12/11 PPI Final Demand YoY 05:30 Nov -1.40% -  -1.60% -  
                   
  12/11 Business Inventories 07:00 Oct - -    0.30% -  
                   
  12/11 U. of Mich. Sentiment 07:00 Dec P  - - - -  
                   
 
 
 
 
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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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