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Market Commentary


 
Today's Coupons
 
  10-Year Notes   100-07.5 (-08) 2.223%  
 
  FN 3.5% Coupon   103-02 (-05)  
 
  Support   2.370%  
 
  Resistance   2.130%  
 
 
 
 
Today's Blurb Tuesday, December 22, 2015
 
 
       The final estimate for 3Q GDP showed that the U.S. economy grew at a 2.00% monthly rate, down from 2.10% prior. Although the headline was revised down, Personal Consumption held at 3.00% (consensus 2.90%). According to the FHFA, Home prices rose 0.50% in October following a 0.80% rise in September. Existing Home Sales slumped in November, down 10.50% following an upward revision in October from -4.10% to -3.40%. November’s Home Sales is the lowest reading since April 2014. Treasuries are lower this morning following the data dump and the curve has steepened with 2s10s up 1.2 bps.
 
 
   
 
   
 
This Week's Events
 
 
  DATE EVENT TIME(PT) PERIOD SURVEY ACTUAL PRIOR REVISED  
  12/21 No Data - -    -  - - -  
                   
  12/22 GDP Annualized QoQ 05:30 3Q T   1.90%  2.00%   2.10% -  
                   
  12/22 Personal Consumption 05:30 3Q T   2.90%   3.00%   3.00% -  
                   
  12/22 GDP Price Index 05:30 3Q T   1.30%   1.30%   1.30% -  
                   
  12/22 FHFA House Price Index MoM 06:00 Oct   0.50%   0.50%   0.80% 0.70%  
                   
  12/22 Existing Home Sales 07:00 Nov   5.35 M  4.76 M  5.36 M 5.32 M  
                   
  12/22 Existing Home Sales MoM 07:00 Nov   -0.20%   -10.50%  -3.40% -4.10%  
                   
  12/22 Richmond Fed Manufact. Index 07:00 Dec  -1.00  6.00  -3.00 -  
                   
  12/23 MBA Mortgage Applications 04:00 18 Dec    -  -   -1.10% -  
                   
  12/23 Personal Income 05:30 Nov   0.20%  -   0.40% -  
                   
  12/23 Personal Spending 05:30 Nov   0.30%   -   0.10% -  
                   
  12/23 PCE Deflator MoM 05:30 Nov   0.10%  -   0.10% -  
                   
  12/23 PCE Deflator YoY 05:30 Nov   0.40% -   0.20% -  
                   
  12/23 Durables Goods Orders 05:30 Nov P  -0.60%  -   2.90% -  
                   
  12/23 New Home Sales 07:00 Nov  - - - -  
                   
  12/23 U. of Mich. Sentiment 07:00 Dec F  - - - -  
                   
  12/24 Initial Jobless Claims 05:30 19 Dec - - - -  
                   
  12/24 Continuing Claims 05:30 12 Dec - - - -  
                   
 
 
 
 
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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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