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Market Commentary


 
Today's Coupons
 
  10-Year Notes   100-00 (+02.5) 2.250%  
 
  FN 3.5% Coupon   102-29 (+01)  
 
  Support   2.370%  
 
  Resistance   2.130%  
 
 
 
 
Today's Blurb Thursday, December 24, 2015
 
 
      Initial Jobless Claims for last week came in just below expectations at 267K vs. 272K prior (consensus 270K). This is the 42nd consecutive week of Jobless Claims below 300K which continues to suggest an improving labor market. The four week moving average for Initial Jobless Claims rose from 270,570 to 272,500. Continuing Claims fell to 2195K from 2242K prior. Treasuries are hovering around yesterday’s 2:00 PM (PT) close levels as we head into the Holiday and the curve has flattened with 2s10s down 3.5 bps.
Warmest Thoughts And Best Wishes For A Wonderful Holiday!
 
 
   
 
   
 
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    -   7.30%   -1.10% -  
                   
  12/23 Personal Income 05:30 Nov   0.20%   0.30%   0.40% -  
                   
  12/23 Personal Spending 05:30 Nov   0.30%   0.30%   0.10% 0.00%  
                   
  12/23 PCE Deflator MoM 05:30 Nov   0.10%   0.00%   0.10% -  
                   
  12/23 PCE Deflator YoY 05:30 Nov   0.40%   0.40%   0.20% -  
                   
  12/23 Durables Goods Orders 05:30 Nov P  -0.60%   0.00%   2.90% -  
                   
  12/23 New Home Sales 07:00 Nov  505K 490K 495K 470K  
                   
  12/23 U. of Mich. Sentiment 07:00 Dec F  92.00 92.60 91.80 -  
                   
  12/24 Initial Jobless Claims 05:30 19 Dec  270K 267K 271K 272K  
                   
  12/24 Continuing Claims 05:30 12 Dec  2200K 2195K 2238K 2242K  
                   
 
 
 
 
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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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