MBS
-16/32 @ 103.03 10 Yr T
- 26/32 @ 1.9020 DOW +27 @ 15,118
No
data was released and there was no significant economic news today. While
stocks were flat, investors sold bonds mostly due to an improved outlook for
the labor market. Yesterday's weekly Jobless Claims data, the third strong
showing in a row, on top of last week's stronger than expected Employment
report increased concerns that the Fed may scale back its bond purchases sooner
than expected. For the week, MBS fell about 22/32.
The most significant economic data next week will be the monthly inflation reports. The Producer Price Index (PPI) focuses on the increase in prices of "intermediate" goods used by companies to produce finished products and will come out on Wednesday. The Consumer Price Index (CPI), the most closely watched monthly inflation report, will come out on Thursday. CPI looks at the price change for those finished goods which are sold to consumers. In addition, Retail Sales will be released on Monday. Retail Sales account for about 70% of economic activity. Industrial Production will come out on Wednesday. Housing Starts will be released on Thursday. Empire State, Philly Fed, Consumer Sentiment, Leading Indicators and Import Prices will round out the schedule.
The most significant economic data next week will be the monthly inflation reports. The Producer Price Index (PPI) focuses on the increase in prices of "intermediate" goods used by companies to produce finished products and will come out on Wednesday. The Consumer Price Index (CPI), the most closely watched monthly inflation report, will come out on Thursday. CPI looks at the price change for those finished goods which are sold to consumers. In addition, Retail Sales will be released on Monday. Retail Sales account for about 70% of economic activity. Industrial Production will come out on Wednesday. Housing Starts will be released on Thursday. Empire State, Philly Fed, Consumer Sentiment, Leading Indicators and Import Prices will round out the schedule.
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