Friday, June 14, 2013

More on the market


MBS  +11/32 @ 103.24                    10 Yr Treasury  +10/32 @ 2.1140         -15@ 15160

 

The main influence on MBS today again has been expectations for Fed policy. MBS have added to their gains following yesterday's article which suggested that the Fed will not raise the fed funds rate for a long time. Today's economic data had little impact. May PPI revealed a rise of 0.5% from April, above the consensus of 0.2%, and it was 1.8% higher than one year ago. Core PPI increased 0.1% and was 1.6% higher than one year ago. May Industrial Production was flat from April, which was very close to the consensus.

The Thomson Reuters/University of Michigan's preliminary reading on the overall index on consumer sentiment fell to 82.7 in June, below a near six-year high of 84.5 in May. Economists polled by Reuters had expected it to hold at 84.5 this month.

 

Top of Form
Treasuries
 14-Jun-13
Last
Change
0.04%
0.00%
0.07%
-0.01%
0.12%
0.00%
0.27%
-0.01%
0.49%
-0.03%
1.01%
-0.04%
2.11%
-0.04%
3.29%
-0.02%


 

Top of Form
Major Indices
 14-Jun-13
Last
Change
0.970%
0.003%
0.193%
0.000%
0.411%
-0.004%
0.669%
-0.010%
0.163%
-0.006%
3.25%
0.00%
0.25%
0.00%
0.75%
0.00%


 

Top of Form
Mortgage Rates
 
 14-Jun-13
Last
Change
3.10%
0.07%
3.98%
0.07%
2.58%
0.00%
2.79%
0.05%

 

 

APOR

30 Yr Fixed- 4.04%

5/1 ARM -     2.91%

 

Economic Calendar
Event
Actual
Cons.
Previous
Jun 10
Jun 11
93.4
92.1
 
2.9%
 
0.6%
 
0.3%
0.4%
Jun 12
-11.5%
 
-6.267M
 
1.81%
 
112.9B
Jun 13
-0.9%
 
-0.2%
-0.7%
 
0.0%
-0.5%
 
-2.6%
 
346K
 
2.952M
 
0.4%
0.1%
 
0.3%
-0.1%
 
0%
 
111B
 
2.98%
Jun 14
$-110.4B
 
0.6%
 
-0.7%
 
0.1%
 
1.7%
 
-0.5%
 
77.8%
 
84.5

 

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