More on the market open and reports that are coming

MBS  -3/32 @ 100.08           10 Yr Treasury  -4/32 @ 2.1060           +12@ 14973

 

Comments from the ECB President caused MBS to move lower this morning. While no change in rates or new action was expected today, investors expected to hear that policy changes were likely to take place soon. Instead, the ECB President expressed reluctance to implement additional monetary stimulus measures. Both stocks and bonds dropped after the comments. In the US, weekly Jobless Claims fell to 346K, close to the consensus of 350K. No more economic data will be released today.

 

 

Top of Form Treasuries
6-Jun-13 Last Change 3-Month T-Bill 0.04% 0.00% 6-Month T-Bill 0.07% 0.00% 1-Year T-Bill 0.13% 0.00% 2-Year Note 0.29% 0.00% 3-Year Note 0.47% 0.01% 5-Year Note 1.03% 0.02% 10-Year Note 2.10% 0.02% 30-Year Bond 3.25% 0.01%

 

Top of Form Major Indices
6-Jun-13 Last Change 11th District COFI 0.970% 0.003% 1-Month LIBOR 0.193% 0.000% 6-Month LIBOR 0.410% -0.003% 12-Month LIBOR 0.685% -0.001% MTA Index 0.163% -0.006% Prime Rate 3.25% 0.00% Federal Funds Rate 0.25% 0.00% Discount Rate 0.75% 0.00%

 

Top of Form Mortgage Rates
6-Jun-13 Last Change 15-Year Fixed Freddie 2.98% 0.21% 30-Year Fixed Freddie 3.81% 0.22% 1-Year ARM Freddie 2.54% -0.01% 5/1-Year ARM Freddie 2.66% 0.03% Bottom of Form

 

APOR

30 Yr Fixed- 3.81%

5/1 ARM -     2.66%

 

Economic Calendar
	Event	Actual	Cons.	Previous
Jun 02	Fed's Bernanke Speech
	FOMC Member Yellen Speech
Jun 03	FOMC Member Williams speech
	Markit Manufacturing PMI (May)	52.3	52.0	52.1
	Construction Spending (MoM) (Apr)	0.4%	0.8%	-0.8%Revised from -1.7%
	ISM Manufacturing PMI (May)	49.0	50.5	50.7
	ISM Prices Paid (May)	49.5	49.7	50.0
	6-Month Bill Auction			0.08%
	3-Month Bill Auction			0.045%
	Total Vehicle Sales (May)		15.10M	14.88M
Jun 04	Trade Balance (Apr)		$-41.0B	$-38.8B
	Redbook index (MoM) (May 26)			0.6%
	Redbook index (YoY) (May 26)			2.7%
	ISM New York index (May)			58.3
	IBD/TIPP Economic Optimism (MoM) (Jun)			45.1
	4-Week Bill Auction			0.03%
	Fed's George Speech
	Fed's Richard Fisher's speech
Jun 05	MBA Mortgage Applications (May 31)			-8.8%
	ADP Employment Change (May)		170K	119K
	Nonfarm Productivity (Q1)		0.7%	-1.7%
	Unit Labor Costs (Q1)		0.5%	4.4%
	Factory Orders (MoM) (Apr)		1.4%	-4.0%
	ISM Non-Manufacturing PMI (May)		53.5	53.1
	EIA Crude Oil Stocks change (May 31)			3M
	Fed's Beige Book
Jun 06	Challenger Job Cuts (YoY) (May)			38.121K
	Philadelphia Fed's Plosser speech
	Initial Jobless Claims (Jun 1)		345K	354K
	Continuing Jobless Claims (May 25)			2.986M
	EIA Natural Gas Storage change (May 31)			88B
Jun 07	Nonfarm Payrolls (May)		168K	165K
	Average Hourly Earnings (MoM) (May)		0.2%	0.2%
	Average Hourly Earnings (YoY) (May)		2.1%	1.9%
	Average Weekly Hours (May)		34.5	34.4
	Unemployment Rate (May)		7.5%	7.5%
	Consumer Credit Change (Apr)		$11.50B	$7.97B