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MBS  +2/32 @ 100.30    10 Yr Treasury  Par @ 2.118    +68@ 15,370

MBS moved lower early this morning, but they have climbed following the release of the Jobless Claims data. Weekly Jobless Claims rose to 354K, above the consensus of 340K. First quarter GDP was revised slightly lower to 2.4% from 2.5%. The results from the 7-yr Treasury auction will come out around 1:00 et.

 

Contracts to buy previously owned U.S. homes rose to their highest level in three years in April, but a shortage of properties for sale could slow down the momentum. The National Association of Realtors said on Thursday its Pending Home Sales Index, based on contracts signed last month, rose 0.3 percent to 106.0, the highest reading since April 2010. The increase, however, was less than economists' expectations for a 1.1 percent advance, suggesting tight supplies of properties could slow sales. Contracts, which become sales after a month or two, had increased 1.5 percent in March.

Top of Form Treasuries
30-May-13 Last Change 3-Month T-Bill 0.02% -0.01% 6-Month T-Bill 0.06% -0.02% 1-Year T-Bill 0.13% 0.01% 2-Year Note 0.29% -0.01% 3-Year Note 0.48% 0.00% 5-Year Note 1.01% -0.01% 10-Year Note 2.11% 0.00% 30-Year Bond 3.25% 0.20%

 

Top of Form Major Indices
30-May-13 Last Change 11th District COFI 0.967% -0.032% 1-Month LIBOR 0.194% 0.000% 6-Month LIBOR 0.416% 0.000% 12-Month LIBOR 0.688% -0.003% 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
30-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 27	Memorial Day
May 28	S&P/Case-Shiller Home Price Indices (YoY) (Mar)	10.9%	10.2%	9.3%
	Consumer Confidence (May)	76.2	71.0	69.0Revised from 68.1
	Richmond Fed Manufacturing Index (May)	-2	2	-6
	Dallas Fed Manufacturing Business Index (May)	-10.5		-15.6
	6-Month Bill Auction			0.085%
	3-Month Bill Auction			0.045%
	2-Year Note Auction			0.233%
May 29	MBA Mortgage Applications (May 24)			-9.8%
	Redbook index (YoY) (May 19)			2.4%
	Redbook index (MoM) (May 19)			0.5%
	EIA Crude Oil Stocks change (May 24)			-0.338M
	4-Week Bill Auction			0.035%
	52-week Bill auction			0.105%
	5-Year Note Auction			0.71%
	Federal Reserve Bank of Boston President Rosengren Speech
May 30	Gross Domestic Product Annualized (Q1)		2.5%	0.4%
	Gross Domestic Product Price Index (Q1)		1.2%	1.0%
	Initial Jobless Claims (May 24)		340K	340K
	Continuing Jobless Claims (May 18)		2.945M	2.912M
	Personal Consumption Expenditures Prices (QoQ) (Q1)		0.9%
	Core Personal Consumption Expenditures (QoQ) (Q1)		1.2%	1.0%
	Pending Home Sales (YoY) (Apr)		12.6%	7.0%
	Pending Home Sales (MoM) (Apr)		1.1%	1.5%
	EIA Natural Gas Storage change (May 24)			89B
	7-Year Note Auction			1.155%
May 31	Personal Spending (Apr)		0.0%	0.2%
	Core Personal Consumption Expenditure - Price Index (MoM) (Apr)		0.1%	0.0%
	Core Personal Consumption Expenditure - Prices Index (YoY) (Apr)		1.0%	1.1%
	Personal Consumption Expenditures - Price Index (MoM) (Apr)		-0.2%	-0.1%
	Personal Consumption Expenditures - Price Index (YoY) (Apr)		0.8%	1.0%
	Personal Income (MoM) (Apr)		0.1%	0.2%
	Chicago Purchasing Managers' Index (May)		50	49
	Reuters/Michigan Consumer Sentiment Index (May)		83.7	76.4
	G8 Meeting