Updated market data rare day where stocks and bonds are both doing well

MBS  +6/32 @ 102.19      10 Yr Treasury +8/32 @ 2.8810             Dow +16 @ 15,343

MBS markets initially moved lower after the Jobless Claims data showed a decline to 292K, far below the consensus of 330K, and the lowest level since 2006. Labor Department officials then announced that two states were upgrading their computer systems and were unable to collect all the claims during the week. When investors learned that the data was inaccurate, MBS changed direction and moved higher. August Import Prices were flat from July. No more economic data will be released today. The results from the 30-yr Treasury auction will come out around 1:00 et.

 

Top of Form Treasuries
12-Sep-13 Last Change 3-Month T-Bill 0.02% 0.00% 6-Month T-Bill 0.03% -0.01% 1-Year T-Bill 0.11% 0.00% 2-Year Note 0.42% -0.02% 3-Year Note 0.86% -0.03% 5-Year Note 1.67% -0.04% 10-Year Note 2.87% -0.04% 30-Year Bond 3.80% -0.05%

 

Top of Form Major Indices
12-Sep-13 Last Change 11th District COFI 0.954% 0.000% 1-Month LIBOR 0.180% -0.002% 6-Month LIBOR 0.384% -0.002% 12-Month LIBOR 0.664% -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
12-Sep-13 Last Change 15-Year Fixed Freddie 3.59% 0.05% 30-Year Fixed Freddie 4.57% 0.06% 1-Year ARM Freddie 2.71% 0.07% 5/1-Year ARM Freddie 3.28% 0.04% Bottom of Form

 

 

APOR (Changes Mondays)

30 Yr Fixed-  4.63%

15 Yr Fixed- 3.69%

5/1 ARM -      3.06%

7/1 ARM   -    3.40%

10/1-ARM -  3.90%

 

Economic Calendar

 

	Event	Actual	Cons.	Previous
Sep 09	FOMC Member Williams speech
	3-Month Bill Auction			0.03%
	6-Month Bill Auction			0.055%
	Consumer Credit Change (Jul)		$12.5B	$13.8B
Sep 10	NFIB Business Optimism Index (Aug)			94.1
	Redbook index (MoM)			0.6%
	Redbook index (YoY)			4.7%
	4-Week Bill Auction			0.02%
	3-Year Note Auction			0.631%
Sep 11	MBA Mortgage Applications (Sep 6)			1.3%
	Wholesale Inventories (Jul)		0.3%	-0.2%
	EIA Crude Oil Stocks change (Sep 6)			-1.836M
	10-Year Note Auction			2.62%
	The US Congress votes on military action against Syria
Sep 12	Import Price Index (YoY) (Aug)			1%
	Export Price Index (MoM) (Aug)		0.1%	-0.1%
	Export Price Index (YoY) (Aug)			0.4%
	Import Price Index (MoM) (Aug)		0.4%	0.2%
	Initial Jobless Claims (Sep 6)		330K	323K
	Continuing Jobless Claims (Aug 30)		2.960M	2.951M
	EIA Natural Gas Storage change (Sep 6)			58B
	30-Year Bond Auction			3.652%
	Monthly Budget Statement (Aug)		$-150.0B	$-97.6B
Sep 13	Producer Price Index (YoY) (Aug)		1.1%	2.1%
	Producer Price Index (MoM) (Aug)		0.1%	0.0%
	Producer Price Index ex Food & Energy (MoM) (Aug)		0.1%	0.1%
	Producer Price Index ex Food & Energy (YoY) (Aug)		1.3%	1.2%
	Retail Sales (MoM) (Aug)		0.3%	0.2%
	Retail Sales ex Autos (MoM) (Aug)		0.3%	0.5%
	Reuters/Michigan Consumer Sentiment Index (Sep) Preliminar		81.7	82.1
	Business Inventories (Aug)		0.2%	0.0%