Opened flat

MBS  -1/32 @ 103.16                    10 Yr Treasury  -1/32 @ 2.1400      +159@ 15229

It has been a quiet morning for MBS markets. The Empire State index increased to 7.8, above the consensus of 1.0. No more economic data will be released today. The big event this week will be Wednesday's Fed meeting.

 

Top of Form Treasuries
17-Jun-13 Last Change 3-Month T-Bill 0.04% 0.00% 6-Month T-Bill 0.07% 0.00% 1-Year T-Bill 0.11% 0.00% 2-Year Note 0.26% -0.01% 3-Year Note 0.49% 0.00% 5-Year Note 1.02% 0.01% 10-Year Note 2.14% 0.01% 30-Year Bond 3.32% 0.02%

 

Top of Form Major Indices
17-Jun-13 Last Change 11th District COFI 0.970% 0.003% 1-Month LIBOR 0.192% -0.001% 6-Month LIBOR 0.411% 0.000% 12-Month LIBOR 0.668% -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
17-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% Bottom of Form

 

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