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Market Commentary


 
Today's Coupons
 
  10-Year Notes   100-09.5 (-01.5) 2.216%  
 
  FN 3.5% Coupon   103-08 (-01.5)  
 
  Support   2.370%  
 
  Resistance   2.130%  
 
 
 
 
Today's Blurb Thursday, December 10, 2015
 
 
          U.S. Import Prices declined in November led by a stronger dollar and plunging oil prices. The Import Price Index for November exhibited a 0.40% loss (consensus -0.80%) and October was revised up from -0.50% to -0.30%. The turmoil in oil prices was the primary culprit contributing to the deflationary pressure, down 2.50% last month. Import Prices are down 9.40% YoY vs. a 10.70% decline in October. Initial Jobless Claims rose the highest level in five months, at 282K (consensus 270K) vs. 269K prior. This is the 40th consecutive week of claims below 300K. Continuing Claims rose to 2243K vs. 2161K prior. Treasuries remain at yesterday's close levels following the data release and the curve has flattened with 2s10s down 0.2 bps.  
 
 
   
 
   
 
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%   -0.40%   -0.50%   -0.30%  
                   
  12/10 Import Price Index YoY 05:30 Nov   -9.60%  -9.40%     -10.50%   -10.70%  
                   
  12/10 Initial Jobless Claims 05:30 Dec 5 270K 282K 269K -  
                   
  12/10 Continuing Claims 05:30 Nov 28 2155K   2243K   2161K -  
                   
  12/11 Retail Sales Advance MoM 05:30 Nov  0.20% -   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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