Back to top

Market Commentary

Market Commentary

Today's Coupons
  10-Year Notes   98-15.5 (+03)  
  FN 3.5% Coupon   102-20.5 (+03)  
  Support   2.497%  
  Resistance   2.310%  
Friday, December 29, 2017
Today’s session opened with Treasuries higher than yesterday. The yield on the UST 10-Year is currently at 2.423% after closing at 2.431% during the prior session.

Although no economic indicators were released during this last trading day of 2017, treasury movements seem to be responding to risk investors collecting profits ahead of the New Year; as the S&P 500 tops over 20% return for the year and the Dow Jones hits record highs.

The economic calendar will continue with the Markit Manufacturing PMI on Tuesday; Mortgage Applications, Construction Spending and the FOMC’s December 13 minutes release on Wednesday; Initial and Continuing Jobless Claims on Thursday; and the December jobs report on Friday. Further, Fed St. Louis President James Bullard is scheduled to deliver a keynote address at a conference in Philadelphia on January 4.

The curve has bull-steepened with the UST 10-Year yield down 0.8 bp from prior closing.

Have A Fantastic Weekend!
This Week's Events
  12/25 No Data - - - - - -  
  12/26 S&P CoreLogic CS 20-City MoM SA 06:00 Oct 0.60% 0.70% 0.52% 0.97%  
  12/26 S&P CoreLogic CS 20-City YoY NSA 06:00 Oct 6.25% 6.38% 6.19% 6.16%  
  12/26 Richmond Fed Manufact. Index 07:00 Dec 21.00 20.00 30.00 -  
  12/26 Dallas Fed Manf. Activity 07:30 Dec 20.00 29.70 19.40 -  
  12/27 Pending Home Sales MoM 07:00 Nov -0.40% 0.20% 3.50% -  
  12/27 Pending Home Sales NSA YoY 07:00 Nov - 0.60% 1.20% -  
  12/28 Initial Jobless Claims 05:30 23 Dec 240k 245k 245k -  
  12/28 Continuing Claims 05:30 16 Dec 1900k 1943k 1932k 1936k  
  12/28 Wholesale Inventories MoM 05:30 Nov P 0.30% 0.70% -0.50% -0.40%  
  12/28 Bloomberg Consumer Comfort 06:45 24 Dec - 52.40 50.80 -  
  12/29 No Data - - - - - -  
Helpful Links
  Visit Us Online   Submit Loan  
  Get Approved   SeeMyLoanStatusTM  
  Download Rate Sheet   Conventional Program Guidelines  
  Price & Lock   Government Program Guidelines  
  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  
©2021 Sun West Mortgage Company, Inc. All Rights Reserved