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MBS  -6/32 @ 103.02                   10 Yr Treasury  -6/32 @ 2.206     +101@ 15281

 

Today's economic data had little impact. Current inflation levels remain low and create little pressure on the Fed to tighten. May CPI rose 0.1% from April, below the consensus of 0.2%, and it was just 1.4% higher than one year ago. Core CPI, which excludes food and energy, increased 0.2%, matching the consensus. Core CPI was 1.7% higher than one year ago. May Housing Starts rose 7% from April to an annual rate of 914K, which was below the consensus of 950K. Building Permits came in very close to expectations. Single family permits rose to the highest level since May 2008. No more economic data will be released today. The big event this week will be tomorrow's Fed meeting.

 

Top of Form Treasuries
18-Jun-13 Last Change 3-Month T-Bill 0.04% 0.00% 6-Month T-Bill 0.08% 0.01% 1-Year T-Bill 0.12% 0.01% 2-Year Note 0.27% 0.01% 3-Year Note 0.51% 0.01% 5-Year Note 1.07% 0.02% 10-Year Note 2.20% 0.02% 30-Year Bond 3.36% 0.01%

 

Top of Form Major Indices
18-Jun-13 Last Change 11th District COFI 0.970% 0.003% 1-Month LIBOR 0.192% 0.000% 6-Month LIBOR 0.409% -0.002% 12-Month LIBOR 0.668% 0.000% 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
18-Jun-13 Last Change 15-Year Fixed Freddie 3.10% 0.07% 30-Year Fixed Freddie 3.98% 0.07% 1-Year ARM Freddie 2.58% 0.00% 5/1-Year ARM Freddie 2.79% 0.05%

 

 

 

APOR

30 Yr Fixed- 4.04%

5/1 ARM -     2.91%

 

Economic Calendar

Event	Actual	Cons.	Previous
Jun 17	G8 Meeting
	NY Empire State Manufacturing Index (Jun)	7.84	0.00	-1.43
	NAHB Housing Market Index (Jun)	52	45	44
	6-Month Bill Auction			0.08%
	3-Month Bill Auction			0.045%
Jun 18	G8 Meeting
	Building Permits (MoM) (May)		0.975M	1.005MRevised from 1.017M
	Housing Starts (MoM) (May)		0.950M	0.853M
	Consumer Price Index Ex Food & Energy (YoY) (May)		1.7%	1.7%
	Consumer Price Index (MoM) (May)		0.2%	-0.4%
	Consumer Price Index (YoY) (May)		1.4%	1.1%
	Consumer Price Index Core s.a (May)		233.255	232.880
	Consumer Price Index Ex Food & Energy (MoM) (May)		0.2%	0.1%
	Consumer Price Index n.s.a (MoM) (May)		233.04	232.53
	Redbook index (MoM) (Jun 9)			-0.5%
	Redbook index (YoY) (Jun 9)			2.8%
	4-Week Bill Auction			0.04%
Jun 19	MBA Mortgage Applications (Jun 14)			5%
	EIA Crude Oil Stocks change (Jun 14)			2.523M
	Fed Interest Rate Decision		0.25%	0.25%
	FOMC Economic Projections
	Fed's Monetary Policy Statement and press conference
Jun 20	Continuing Jobless Claims (Jun 8)		2.960M	2.973M
	Initial Jobless Claims (Jun 15)		340K	334K
	Markit Manufacturing PMI (Jun) Preliminar		52.8	52.3
	American Petroleum Institute Monthly Report (May)
	CB Leading Indicator (MoM) (May)		0.2%	0.6%
	Existing Home Sales (MoM) (May)		5.00M	4.97M
	Existing Home Sales Change (MoM) (May)		0.6%	0.6%
	Philadelphia Fed Manufacturing Survey (Jun)		-0.2	-5.2
	EIA Natural Gas Storage change (Jun 15)			95B