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Market Commentary


 
Today's Coupons
 
  10-Year Notes   99-25.5 (-13.5) 2.273%  
 
  FN 3.5% Coupon   102-26.5 (-06)  
 
  Support   2.370%  
 
  Resistance   2.130%  
 
 
 
 
Today's Blurb Tuesday, December 15, 2015
 
 
      The falling price of crude oil continues to weigh on inflation measures even as it fuels purchasing power. The Consumer Price Index was unchanged in November, following a 0.20% gain in October. Core CPI advanced 2.00% YoY following a 1.90% rise prior. Energy costs declined 1.30%, Food prices fell 0.10%, and Prices of all goods decreased 2.80%. Empire Manufacturing fell less than expected, posting -4.59 vs. -10.74 prior (consensus -7.00). Today begins the two day Fed meeting and tomorrow they release their statement followed by a Q&A with Yellen. Treasuries are lower this morning as we head into the FOMC, and the curve has steepened with 2s10s up 1.8 bps.
 
 
   
 
   
 
This Week's Events
 
 
  DATE EVENT TIME(PT) PERIOD SURVEY ACTUAL PRIOR REVISED  
  12/14 No Data - -  -  - - -  
                   
  12/15 Empire Manufacturing 05:30 Dec  -7.00  -4.59 -10.74 -  
                   
  12/15 CPI MoM 05:30 Nov    0.00%   0.00%   0.20% -  
                   
  12/15 CPI YoY 05:30 Nov    0.40%   0.50%   0.20% -  
                   
  12/15 Real Avg Weekly Earnings YoY 05:30 Nov   -   1.60%   2.10%  2.40%  
                   
  12/15 NAHB Housing Market Index 07:00 Dec   63.00  -  62.00 -  
                   
  12/16 MBA Mortgage Applications 04:00 Dec 11   -  -    1.20%  -  
                   
  12/16 Housing Starts 05:30 Nov  1130K  -  1060K -  
                   
  12/16 Housing Starts MoM 05:30 Nov    6.60%  -    -11.00% -  
                   
  12/16 Building Permits 05:30 Nov   1153K  -  1150K 1161K  
                   
  12/16 Building Permits MoM 05:30 Nov   -0.70%  -   4.10%   5.10%  
                   
  12/16 Industrial Production MoM 06:15 Nov   -0.20%  -   -0.20% -  
                   
  12/16 Capacity Utilization 06:15 Nov    77.40%  -     77.50% -  
                   
  12/16 FOMC Rate Decision(Upper Bound) 11:00 Dec 16  0.50% -  0.25% -  
                   
  12/16 FOMC Rate Decision(Lower Bound) 11:00 Dec 16  0.25% -  0.00% -  
                   
  12/17 Current Account Balance 05:30 3Q - - -$109.70 B -  
                   
  12/17 Initial Jobless Claims 05:30 Dec 12 - - - -  
                   
  12/17 Continuing Claims 05:30 Dec 5 - - - -  
                   
  12/17 Leading Index 07:00 Nov - -    0.60% -  
                   
  12/18 Kansas City Fed Manf. Activity 08:00 Dec - -  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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