Market update

MBS  +6/32 @ 101.14     10 Yr Treasury +7/32 @ 2.6560          Dow +21@ 15,147

 

MBS have moved higher this morning ahead of the Consumer Sentiment data. Investors continue to wait for signs of further progress in Congress on reaching a deal.

The Thomson Reuters/University of Michigan preliminary consumer sentiment index of decreased to 75.2 this month from 77.5 in September. Economists in a Bloomberg survey projected a drop to 75.3, according to the median estimate.

Top of Form Treasuries
11-Oct-13 Last Change 3-Month T-Bill 0.01% 0.00% 6-Month T-Bill 0.03% -0.01% 1-Year T-Bill 0.12% 0.00% 2-Year Note 0.35% -0.01% 3-Year Note 0.68% -0.01% 5-Year Note 1.41% -0.01% 10-Year Note 2.66% -0.02% 30-Year Bond 3.71% -0.02%

 

Top of Form Major Indices
11-Oct-13 Last Change 11th District COFI 0.956% 0.002% 1-Month LIBOR 0.174% 0.000% 6-Month LIBOR 0.363% -0.003% 12-Month LIBOR 0.628% 0.001% MTA Index 0.144% -0.005% Prime Rate 3.25% 0.00% Federal Funds Rate 0.25% 0.00% Discount Rate 0.75% 0.00%

 

Top of Form Mortgage Rates
11-Oct-13 Last Change 15-Year Fixed Freddie 3.31% 0.02% 30-Year Fixed Freddie 4.23% 0.01% 1-Year ARM Freddie 2.64% 0.01% 5/1-Year ARM Freddie 3.05% 0.02% Bottom of Form

 

 APOR (Changes Mondays)

30 Yr Fixed-  4.28%

15 Yr Fixed- 3.39%

5/1 ARM -      2.95%

7/1 ARM   -    3.26%

10/1-ARM -  3.77%

 

Economic Calendar

Event	Actual	Cons.	Previous
Oct 07	6-Month Bill Auction			0.04%
	3-Month Bill Auction			0.01%
	Consumer Credit Change (Aug)		$12.00B	$10.44B
Oct 08	NFIB Business Optimism Index (Sep)		95.2	94.0
	Redbook index (MoM) (Sep 29)			-0.4%
	Redbook index (YoY) (Sep 29)			3.8%
	IBD/TIPP Economic Optimism (MoM) (Oct)		46.2	46.0
	4-Week Bill Auction			0.12%
	FOMC Member Pianalto Speech
	Philadelphia Fed's Plosser speech
	3-Year Note Auction			0.913%
Oct 09	MBA Mortgage Applications (Oct 4)			-0.4%
	Fed's Evans Speech
	Wholesale Inventories (Aug)		0.3%	0.1%
	EIA Crude Oil Stocks change (Oct 4)			5.472M
	10-Year Note Auction			2.946%
	FOMC Minutes
Oct 10	Import Price Index (MoM) (Sep)		0.3%	0.0%
	Export Price Index (MoM) (Sep)			-0.5%
	Export Price Index (YoY) (Sep)			-1.1%
	Import Price Index (YoY) (Sep)			-0.4%
	Initial Jobless Claims (Oct 4)		307K	308K
	Continuing Jobless Claims (Sep 27)		2.900M	2.925M
	Fed's Bullard speech
	EIA Natural Gas Storage change (Oct 4)			101B
	30-Year Bond Auction			3.82%
	Monthly Budget Statement (Sep)			$-147.9B
	FOMC Member Williams speech
Oct 11	IMF Meeting
	Producer Price Index (MoM) (Sep)		0.2%	0.3%
	Producer Price Index (YoY) (Sep)		0.6%	1.4%
	Producer Price Index ex Food & Energy (MoM) (Sep)		0.1%	0.0%
	Producer Price Index ex Food & Energy (YoY) (Sep)		1.3%	1.1%
	Retail Sales (MoM) (Sep)		0.2%	0.2%
	Retail Sales ex Autos (MoM) (Sep)		0.4%	0.1%
	Reuters/Michigan Consumer Sentiment Index (Oct) Preliminar		76.0	77.5
	Business Inventories (Aug)			0.4%
Oct 12	IMF Meeting
Oct 13	IMF Meeting