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Market Commentary

Market Commentary

Today's Coupons
  10-Year Notes   1.292%  
  Support   1.441%  
  Resistance   1.255%  
  FN 2.5% Coupon   103.906 (+0.016)  
     Wednesday, September 15, 2021

U.S. Stocks are Mixed While the Dollar Weakens

The Market opened today's session with treasuries lower across all maturities. The 10-year Treasury yield is currently at 1.2870, 0.34 bps higher than prior closing of 1.2836.

U.S. features had a mixed start to the day while European stocks dropped as traders analyzed differing data on the global recovery. The S&P 500 rose 0.20%, and the Nasdaq 100 rose 0.30%.  Energy and materials shares rose as consumer discretionary, and utilities declined. Crude oil climbed after U.S, Industry report showed a drop in inventories and aluminum resumed gains as a reaction to a continued drop in output from China. The Stoxx Europe 600 fell 0.50% led by a retreat in retail stocks. 

The curve has bear-steepened with the UST 10-Year yield up 0.34 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 - 0.30% -1.90% -  
  09/15 Import Price Index YoY 05:30 Aug 9.40% 9.00% 10.20% 10.30%  
  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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