More on the market

MBS  -4/32 @ 99.14      10 Yr Treasury -6/32 @ 2.7930      Dow +11 @ 15,123

This morning, July Housing Starts rose 6% from June to an annual rate of 896K, slightly below the consensus of 900K. Building Permits also came in very close to expectations, rising 3%. Second quarter Productivity increased 0.9%, above the consensus of 0.6%. Consumer confidence in the U.S. unexpectedly dropped in August from a six-year high as Americans faced rising interest rates. The Thomson Reuters/University of Michigan preliminary index of consumer sentiment fell to 80 from 85.1 in July, which was the highest since July 2007. The median projection of 68 economists surveyed by Bloomberg called for little change at 85.2. The decline this month was the biggest since December.

 

 

 

 

Top of Form Treasuries
16-Aug-13 Last Change 3-Month T-Bill 0.05% 0.00% 6-Month T-Bill 0.07% 0.00% 1-Year T-Bill 0.12% 0.00% 2-Year Note 0.36% 0.00% 3-Year Note 0.71% 0.00% 5-Year Note 1.53% 0.00% 10-Year Note 2.78% 0.01% 30-Year Bond 3.82% 0.01%

 

Top of Form Major Indices
16-Aug-13 Last Change 11th District COFI 0.954% 0.003% 1-Month LIBOR 0.180% -0.004% 6-Month LIBOR 0.395% 0.000% 12-Month LIBOR 0.668% 0.000% MTA Index 0.153% -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
16-Aug-13 Last Change 15-Year Fixed Freddie 3.44% 0.01% 30-Year Fixed Freddie 4.40% 0.00% 1-Year ARM Freddie 2.67% 0.05% 5/1-Year ARM Freddie 3.23% 0.04%

 

 

 

APOR (Changes Mondays)

30 Yr Fixed-  4.46%

15 Yr Fixed- 3.53%

5/1 ARM -      3.02%

7/1 ARM   -    3.36%

10/1-ARM -  3.89%

 

 

ECONOMIC CALENDAR

 

	Event	Actual	Cons.	Previous
Aug 12	6-Month Bill Auction	0.075%		0.075%
	3-Month Bill Auction	0.055%		0.040%
	Monthly Budget Statement (Jul)	$-97.6B	$-96.0B	$116.5B
Aug 13	NFIB Business Optimism Index (Jul)	94.1	95.4	93.5
	Import Price Index (YoY) (Jul)	1.0%	1.5%	0.2%
	Export Price Index (MoM) (Jul)	-0.1%	0.2%	-0.1%
	Export Price Index (YoY) (Jul)	0.4%		0.8%
	Import Price Index (MoM) (Jul)	0.2%	0.6%	-0.4%Revised from -0.2%
	Retail Sales (MoM) (Jul)	0.2%	0.3%	0.6%Revised from 0.4%
	Retail Sales ex Autos (MoM) (Jul)	0.5%	0.4%	0.1%Revised from 0.1%
	Redbook index (MoM) (Aug 4)	0.4%		1.0%
	Redbook index (YoY) (Aug 4)	3.7%		3.7%
	Business Inventories (Jun)	0.0%	0.2%	-0.1%Revised from 0.1%
	4-Week Bill Auction	0.055%		0.045%
	Fed's Lockhart speech
Aug 14	MBA Mortgage Applications (Aug 9)	-4.7%		0.2%
	Producer Price Index (YoY) (Jul)	2.1%	2.4%	2.5%
	Producer Price Index (MoM) (Jul)	0.0%	0.3%	0.8%
	Producer Price Index ex Food & Energy (MoM) (Jul)	0.1%	0.2%	0.2%
	Producer Price Index ex Food & Energy (YoY) (Jul)	1.2%	1.4%	1.7%
	EIA Crude Oil Stocks change (Aug 9)	-2.812M	-1.400M	-1.320M
	Fed's Bullard speech
	Fed's Bullard speech
Aug 15	Fed's Bullard speech
	Consumer Price Index (MoM) (Jul)		0.2%	0.5%
	Consumer Price Index (YoY) (Jul)		2.0%	1.8%
	Consumer Price Index Core s.a (Jul)			233.64
	Consumer Price Index Ex Food & Energy (MoM) (Jul)		0.2%	0.2%
	Consumer Price Index Ex Food & Energy (YoY) (Jul)		1.7%	1.6%
	Consumer Price Index n.s.a (MoM) (Jul)		233.67	233.50
	Initial Jobless Claims		335K	333K
	Continuing Jobless Claims (Aug 3)		3.000M	3.018M
	NY Empire State Manufacturing Index (Aug)		10.00	9.46
	Total Net TIC Flows (Jun)			$56.4B
	Net Long-Term TIC Flows (Jun)		$31.3B	$-27.2B
	Industrial Production (MoM) (Jul)		0.3%	0.3%
	Capacity Utilization (Jul)		77.9%	77.8%
	NAHB Housing Market Index (Aug)		56	57
	Philadelphia Fed Manufacturing Survey (Jul)		15.0	19.8
	EIA Natural Gas Storage change (Aug 9)		73B	96B
Aug 16	Housing Starts (MoM) (Jul)		0.900M	0.836M
	Building Permits (MoM) (Jul)		0.945M	0.911M
	Nonfarm Productivity (Q2) Preliminar		0.6%	0.5%
	Unit Labor Costs (Q2) Preliminar		1.2%	-4.3%
	Reuters/Michigan Consumer Sentiment Index (Aug) Preliminar		85.5	85.1