More on the market and this week's reports

MBS  +3/32 @ 104.02      10 Yr Treasury +5/32 @ 2.717       Dow -48 @ 15402

 

MBS have drifted a little higher this morning. As the polls predicted, Merkel won the election yesterday and will serve another term as the leader of Germany. There was little reaction to the news in US markets. No economic data will be released today.   Top of Form Treasuries  23-Sep-13 Last Change 3-Month T-Bill 0.01% 0.00% 6-Month T-Bill 0.04% 0.00% 1-Year T-Bill 0.10% 0.00% 2-Year Note 0.33% 0.00% 3-Year Note 0.68% -0.01% 5-Year Note 1.46% -0.02% 10-Year Note 2.72% -0.02% 30-Year Bond 3.75% -0.02%   Top of Form Major Indices  23-Sep-13 Last Change 11th District COFI 0.954% 0.000% 1-Month LIBOR 0.180% 0.000% 6-Month LIBOR 0.373% 0.000% 12-Month LIBOR 0.638% -0.001% MTA Index 0.149% -0.004% Prime Rate 3.25% 0.00% Federal Funds Rate 0.25% 0.00% Discount Rate 0.75% 0.00%   Top of Form Mortgage Rates    23-Sep-13 Last Change 15-Year Fixed Freddie 3.54% -0.05% 30-Year Fixed Freddie 4.50% -0.07% 1-Year ARM Freddie 2.65% -0.02% 5/1-Year ARM Freddie 3.11% -0.11% Bottom of Form

 

APOR (Changes Mondays)

30 Yr Fixed-  4.56%

15 Yr Fixed- 3.64%

5/1 ARM -      2.99%

7/1 ARM   -    3.30%

10/1-ARM -  3.82%

 

Economic Calendar

Event	Actual	Cons.	Previous
Sep 23	Chicago Fed National Activity Index (Aug)	0.14		-0.43Revised from -0.15
	Markit Manufacturing PMI (Sep) Preliminar	52.8	54.0	53.1
	Fed's Lockhart speech
	Fed's William Dudley speech
	6-Month Bill Auction			0.03%
	3-Month Bill Auction			0.01%
Sep 24	Redbook index (YoY) (Sep 15)			3.4%
	Redbook index (MoM) (Sep 15)			-0.3%
	Housing Price Index (MoM) (Jul)		0.9%	0.7%
	S&P/Case-Shiller Home Price Indices (YoY) (Jul)		12.4%	12.1%
	FOMC Member Pianalto Speech
	Consumer Confidence (Sep)		79.8	81.5
	Richmond Fed Manufacturing Index (Sep)		17	14
	4-Week Bill Auction			0%
	2-Year Note Auction			0.386%
	Fed's George Speech
Sep 25	MBA Mortgage Applications (Sep 20)			11.2%
	Durable Goods Orders (Aug)		0.2%	-7.3%
	Durable Goods Orders ex Transportation (Aug)		1.0%	-0.6%
	New Home Sales (MoM) (Aug)		0.420M	0.394M
	New Home Sales Change (MoM) (Aug)			-13.4%
	EIA Crude Oil Stocks change (Sep 20)			-4.368M
	5-Year Note Auction			1.624%
Sep 26	Core Personal Consumption Expenditures (QoQ) (Q2)			0.8%
	Gross Domestic Product Annualized (Q2)		$2.6
	Gross Domestic Product Price Index (Q2)			1.3%
	Initial Jobless Claims (Sep 20)		325K	309K
	Continuing Jobless Claims (Sep 13)		2.840M	2.787M
	Personal Consumption Expenditures Prices (QoQ) (Q2)		0%	0%
	Pending Home Sales (YoY) (Aug)			6.7%
	Pending Home Sales (MoM) (Aug)		-1.0%	-1.3%
	EIA Natural Gas Storage change (Sep 20)			46B
	Kansas Fed manufacturing activity (Sep)			21
	Fed Minneapolis's Narayana Kocherlakota speech
	Fed's George Speech
Sep 27	Fed's Evans Speech
	Federal Reserve Bank of Boston President Rosengren Speech
	Personal Spending (Aug)		0.3%	0.1%
	Core Personal Consumption Expenditure - Price Index (MoM) (Aug)		0.1%	0.1%
	Core Personal Consumption Expenditure - Price Index (YoY) (Aug)		1.2%	1.2%
	Personal Consumption Expenditures - Price Index (MoM) (Aug)		0.1%	0.1%
	Personal Consumption Expenditures - Price Index (YoY) (Aug)		1.2%	1.4%
	Personal Income (MoM) (Aug)		0.3%	0.1%
	Reuters/Michigan Consumer Sentiment Index (Sep)		78.2	82.1
	Fed's Evans Speech
	Fed's William Dudley speech