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Market Commentary

Market Commentary

Today's Coupons
  10-Year Notes   1.280%  
  Support   1.480%  
  Resistance   1.267%  
  FN 2.5% Coupon   103.906 (+0.141)  
     Tuesday, September 14, 2021

U.S. Futures Increase, Dollar Declines

The Market opened today's session with treasuries lower across all maturities. The 10-year Treasury yield is currently at 1.3343, 0.84 bps higher than prior closing of 1.3259.

U.S. futures increased by 0.40% after data which shows that consumer prices rose less than forecast in August.  As per the latest numbers, U.S. inflation is expected to depict that prices increased more than 5% in August for the third straight month. The futures rose on both the S&P 500 and the Nasdaq 100 by 0.40%. The US Dollar in comparison with its peers fell 0.2%. The consumer price index increased 0.30% from July, being the smallest increase in seven months. From the U.S. to China and Germany, the latest data shows an economic slowdown as the new form of the coronavirus hits spending levels.

The curve has bear-steepened with the UST 10-Year yield up 0.84 bps.

This Week's Events
  09/14 CPI MoM 05:30 Aug 0.40% 0.30% 0.50% -  
  09/14 CPI YoY 05:30 Aug 5.30% 5.30% 5.40% -  
  09/15 MBA Mortgage Applications 04:00 10-Sep - - -1.90% -  
  09/15 Import Price Index YoY 05:30 Aug 9.40% - 10.20% -  
  09/16 Initial Jobless Claims 05:30 11-Sep 323k - 310k -  
  09/16 Continuing Claims 05:30 4-Sep 2740k - 2783k -  
  09/17 U. of Mich. Sentiment 07:00 Sep P 72.00 - 70.30 -  
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  This information is provided solely for informational use and is not intended as an advice for trading or investment purposes 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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