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MBS  +6/32 @ 101.27    10 Yr Treasury  +5/32 @ 2.001      DOW  -55@ 15,238

 

Despite stronger than expected Durable Orders data, MBS have moved higher and stocks have moved lower this morning. April Durable Orders increased 3.3% from March, above the consensus for an increase of 1.0%. Excluding volatile transportation orders, the data also exceeded expectations. No more economic data will be released today. MBS markets will close early at 2:00 et in observance of Memorial Day.     Top of Form Treasuries    24-May-13 Last Change 3-Month T-Bill 0.04% 0.00% 6-Month T-Bill 0.07% 0.00% 1-Year T-Bill 0.10% 0.00% 2-Year Note 0.24% -0.01% 3-Year Note 0.42% 0.00% 5-Year Note 0.87% -0.02% 10-Year Note 1.99% -0.02% 30-Year Bond 3.15% -0.04% Bottom of Form

 

Top of Form Major Indices
24-May-13 Last Change 11th District COFI 0.967% -0.032% 1-Month LIBOR 0.193% 0.000% 6-Month LIBOR 0.417% 0.000% 12-Month LIBOR 0.686% 0.000% 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
24-May-13 Last Change 15-Year Fixed Freddie 2.77% 0.08% 30-Year Fixed Freddie 3.59% 0.08% 1-Year ARM Freddie 2.55% 0.00% 5/1-Year ARM Freddie 2.63% 0.01% Bottom of Form

 

 

 

APOR

30 Yr Fixed- 3.59%

5/1 ARM -     2.63%

 

 

ECONOMIC CALENDAR

	Event	Actual	Cons.	Previous
May 20	Chicago Fed National Activity Index (Apr)	-0.53		-0.23
	6-Month Bill Auction			0.08%
	3-Month Bill Auction			0.045%
	Fed's Evans Speech
May 21	Redbook index (MoM) (May 12)			0.7%
	Redbook index (YoY) (May 12)			2.8%
	Treasury Sec Lew Speech
	4-Week Bill Auction			0.01%
	Fed's Bullard speech
May 22	MBA Mortgage Applications (May 17)			-7.3%
	Existing Home Sales Change (MoM) (Apr)		1.5%	-0.6%
	Existing Home Sales (MoM) (Apr)		4.99M	4.92M
	Fed's Bernanke testifies
	EIA Crude Oil Stocks change (May 17)			-0.624M
	FOMC Minutes
May 23	Fed's Bullard speech
	Initial Jobless Claims (May 17)		345K	360K
	Continuing Jobless Claims (May 11)		3.000M	3.009M
	Markit Manufacturing PMI (May) Preliminar		53.0	52.1
	Housing Price Index (MoM) (Apr)		0.8%	0.7%
	American Petroleum Institute Monthly Report (Apr)
	New Home Sales (MoM) (Apr)		0.425M	0.417M
	New Home Sales Change (MoM) (Apr)		1.9%	1.5%
	EIA Natural Gas Storage change			99B
	Kansas Fed manufacturing activity (May)		-5	1
May 24	Durable Goods Orders (Apr)		1.5%	-5.7%
	Durable Goods Orders ex Transportation (Apr)		0.5%	-1.4%