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Market Commentary

Market Commentary

Today's Coupons
  10-Year Notes   99-11.5 (+02.5)  
  FN 3.5% Coupon   103-0.5 (+01)  
  Support   2.472%  
  Resistance   2.213%  
Monday, November 06, 2017
Treasuries are marginally higher across the curve this morning from Friday's close. The UST 10-Year yield is currently at 2.321% after closing at 2.333% during the prior session.

Today's session opened with markets still coupling with unchanged rates and the Fed chair appointment from last week. The economic calendar for the week is light which includes job openings and consumer credit on Tuesday, MBA mortgage applications on Wednesday, jobless claims and wholesale inventories on Thursday, and finally, consumer sentiment index on Friday.  

The Treasury Department is set to carry forward with auctions this week that include issuance of $24 Billion 3-Year notes on Tuesday, $23 Billion 10-Year notes on Wednesday, and $15 Billion 30-Year bonds on Thursday

The curve has bull-flattened with the UST 10-Year yield down 1.2 bps from prior closing.
This Week's Events
  11/06 No Data - - - - - -  
  11/07 JOLTS Job Openings 07:00 Sep 6050 - 6082 -  
  11/08 MBA Mortgage Applications 04:00 3 Nov - - -2.60% -  
  11/09 Initial Jobless Claims 05:30 4 Nov 231k - 229k -  
  11/09 Continuing Claims 05:30 28 Oct 1885k - 1884k -  
  11/09 Bloomberg Consumer Comfort 06:45 5 Nov - - 51.70 -  
  11/09 Wholesale Trade Sales MoM 07:00 Sep 0.90% - 1.70% -  
  11/09 Wholesale Inventories MoM 07:00 Sep F 0.30% - 0.30% -  
  11/10 U. of Mich. Sentiment 07:00 Nov P 100.70 - 100.70 -  
  11/10 Monthly Budget Statement 11:00 Oct -$50.00b - -$45.80b -  
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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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