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Market Commentary

Market Commentary

Today's Coupons
  10-Year Notes   99-26.5 (+07) 2.269%  
  FN 3.5% Coupon   103-05.5 (+06.5)  
  Support   2.370%  
  Resistance   2.130%  
Today's Blurb Thursday, December 31, 2015
         Initial Jobless Claims posted 267K in the week ended December 19th and is expected to once again have posted below 300K last week. Continuing Claims rose to 2198K from 2195K prior. The market has an early close today at 11:00 AM PST. The year 2015 has been a turbulent ride towards economic recovery relieved, in part, by more transparent monetary policy and forward guidance. With the initial rate hike behind us, we shift our attention to the pace of subsequent hikes in 2016 and trust in the Fed’s promise of data dependency.
Happy New Year!
This Week's Events
  12/28 Dallas Fed Manf. Activity 07:30 Dec   -7.00  -20.10 -4.90 -  
  12/29 S&P/CS 20 City MoM SA 06:00 Oct   0.60%  0.84%   0.61% 0.50%  
  12/29 S&P/Case-Shiller US HPI MoM 06:00 Oct   -   0.88%   0.83% 0.77%  
  12/29 S&P/Case-Shiller US HPI YoY 06:00 Oct   -  5.17%   4.86% 4.85%  
  12/30 MBA Mortgage Applications 04:00 25 Dec   -  -   - -  
  12/30 Pending Home Sales MoM 07:00 Nov   0.70%  -0.90%   0.20% 0.40%  
  12/31 Initial Jobless Claims 05:30 26 Dec  270K 287K 267K -  
  12/31 Continuing Claims 05:30 19 Dec  2190K 2198K 2195K -  
  12/31 ISM Milwaukee 06:00 Dec  48.50 48.53 45.34 -  
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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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