Capital markets

MBS  +5/32 @ 103.01    10 Yr Treasury +3/32 @ 1.9100      DOW  +68 @ 15,160

It has been a volatile morning. April Import Prices declined 0.5% from March, matching the consensus forecast. No more economic data will be released today.
Top of Form Treasuries  14-May-13 Last Change 3-Month T-Bill 0.03% 0.00% 6-Month T-Bill 0.07% -0.01% 1-Year T-Bill 0.11% 0.00% 2-Year Note 0.23% -0.01% 3-Year Note 0.35% 0.00% 5-Year Note 0.80% -0.01% 10-Year Note 1.90% -0.02% 30-Year Bond 3.10% -0.02%   Top of Form Major Indices    14-May-13 Last Change 11th District COFI 0.967% -0.032% 1-Month LIBOR 0.200% 0.001% 6-Month LIBOR 0.423% -0.003% 12-Month LIBOR 0.695% -0.006% MTA Index 0.169% -0.005% Prime Rate 3.25% 0.00% Federal Funds Rate 0.25% 0.00% Discount Rate 0.75% 0.00%   Top of Form Mortgage Rates    14-May-13 Last Change 15-Year Fixed Freddie 2.61% 0.05% 30-Year Fixed Freddie 3.42% 0.07% 1-Year ARM Freddie 2.53% -0.03% 5/1-Year ARM Freddie 2.58% 0.02% Bottom of Form       APOR 30 Yr Fixed- 3.42% 5/1 ARM -     2.58%       ECONOMIC CALENDAR       Event
May 13		Retail Sales (MoM) (Apr)	0.1%			-0.3%	-0.5%Revised from -0.4%
		Retail Sales ex Autos (MoM) (Apr)	-0.1%			-0.1%	-0.4%
		Business Inventories (Mar)	0.0%			0.3%	0.0%Revised from 0.1%
		6-Month Bill Auction					0.075%
		3-Month Bill Auction					0.04%
		Philadelphia Fed's Plosser speech
May 14		NFIB Business Optimism Index (Apr)				89.8	89.5
		Import Price Index (YoY) (Apr)					-2.7%
		Export Price Index (MoM) (Apr)				-0.2%	-0.4%
		Export Price Index (YoY) (Apr)					0.3%
		Import Price Index (MoM) (Apr)				-0.2%	-0.5%
		Redbook index (YoY) (May 5)					2.3%
		Redbook index (MoM) (May 5)					-2.5%
		4-Week Bill Auction					0%
May 15		MBA Mortgage Applications (May 10)					7%
		NY Empire State Manufacturing Index (May)				4.00	3.05
		Producer Price Index (YoY) (Apr)				0.8%	1.1%
		Producer Price Index (MoM) (Apr)				-0.5%	-0.6%
		Producer Price Index ex Food & Energy (MoM) (Apr)				0.1%	0.2%
		Producer Price Index ex Food & Energy (YoY) (Apr)				1.7%	1.7%
		Net Long-Term TIC Flows (Mar)					$-17.8B
		Total Net TIC Flows (Mar)					$53.6B
		Industrial Production (MoM) (Apr)				-0.2%	0.4%
		Capacity Utilization (Apr)				78.3%	78.5%
		NAHB Housing Market Index (May)				43	42
		EIA Crude Oil Stocks change (May 10)					0.23M
May 16		Philadelphia Fed's Plosser speech
		Federal Reserve Bank of Boston President Rosengren Speech
		Consumer Price Index Ex Food & Energy (YoY) (Apr)				1.8%	1.9%
		Consumer Price Index (MoM) (Apr)				-0.2%	-0.2%
		Consumer Price Index (YoY) (Apr)				1.4%	1.5%
		Consumer Price Index Core s.a (Apr)					232.76
		Consumer Price Index Ex Food & Energy (MoM) (Apr)				0.2%	0.1%
		Consumer Price Index n.s.a (MoM) (Apr)				232.70	232.77
		Housing Starts (MoM) (Apr)				0.985M	1.036M
		Building Permits (MoM) (Apr)				0.950M	0.902M
		Initial Jobless Claims (May 10)				330K	323K
		Continuing Jobless Claims (May 4)				3.003M	3.005M
		Fed's Richard Fisher's speech
		Philadelphia Fed Manufacturing Survey (May)				3.0	1.3
		EIA Natural Gas Storage change (May 10)					88B
		FOMC Member Williams speech
May 17		Reuters/Michigan Consumer Sentiment Index (May) Preliminar				77.6	76.4
		CB Leading Indicator (MoM) (Apr)				0.1%	-0.1%
		Fed Minneapolis's Narayana Kocherlakota speech
May 18		Fed's Bernanke Speech