Market updates and the weeks reports

MBS  +1/32@ 102.21   10 Yr Treasury +1/32 @ 2.511     Dow -1@ 15,568

 

It has been a quiet morning. September Industrial Production increased 0.6% from August, above the consensus of 0.3%. The Capacity Utilization Rate rose to the highest level since July 2008.

The index of pending home sales slumped 5.6 percent, exceeding all estimates in a Bloomberg survey of economists and the biggest drop in more than three years, after a 1.6 percent decrease in August, the National Association of Realtors reported today in Washington. The index fell to the lowest level this year.

 

Treasuries
28-Oct-13 Last Change 3-Month T-Bill 0.01% 0.00% 6-Month T-Bill 0.03% -0.01% 1-Year T-Bill 0.10% 0.00% 2-Year Note 0.31% 0.00% 3-Year Note 0.59% 0.00% 5-Year Note 1.29% 0.00% 10-Year Note 2.52% 0.00% 30-Year Bond 3.61% 0.01%

 

Major Indices
28-Oct-13 Last Change 11th District COFI 0.941% -0.015% 1-Month LIBOR 0.168% -0.001% 6-Month LIBOR 0.354% 0.000% 12-Month LIBOR 0.606% 0.000% 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%

 

Mortgage Rates
28-Oct-13 Last Change 15-Year Fixed Freddie 3.24% -0.09% 30-Year Fixed Freddie 4.13% -0.15% 1-Year ARM Freddie 2.60% -0.03% 5/1-Year ARM Freddie 3.00% -0.07%

 

 APOR (Changes Mondays)

30 Yr Fixed-  4.20%

15 Yr Fixed- 3.33%

5/1 ARM -      2.93%

7/1 ARM   -    3.23%

10/1-ARM -  3.74%

 

Economic Calendar

Event Actual Cons. Previous Oct 28 Industrial Production (MoM) (Sep) 0.6% 0.4% 0.4% Capacity Utilization (Sep) 78.3% 78.0% 77.9%Revised from 77.8% Pending Home Sales (MoM) (Sep) -5.6% 0.1% -1.6% Pending Home Sales (YoY) (Sep) -1.2% 5.8% Dallas Fed Manufacturing Business Index (Oct) 3.6 12.8 6-Month Bill Auction 0.07% 3-Month Bill Auction 0.035% 2-Year Note Auction 0.348% Oct 29 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) 1.2% 1.1% Retail Sales (MoM) (Sep) 0.1% 0.2% Retail Sales ex Autos (MoM) (Sep) 0.4% 0.1% Redbook index (MoM) (Oct 20) -1.5% Redbook index (YoY) (Oct 20) 2.9% S&P/Case-Shiller Home Price Indices (YoY) (Aug) 12.5% 12.4% Business Inventories (Aug) 0.3% 0.4% Consumer Confidence (Oct) 75.3 79.7 4-Week Bill Auction 0.03% 5-Year Note Auction 1.436% Monthly Budget Statement (Sep) $-147.9B Oct 30 MBA Mortgage Applications (Oct 25) -0.6% ADP Employment Change (Oct) 150K 166K Consumer Price Index (MoM) (Sep) 0.2% 0.1% Consumer Price Index (YoY) (Sep) 1.2% 1.5% Consumer Price Index Core s.a (Sep) 234.7 234.0 Consumer Price Index Ex Food & Energy (MoM) (Sep) 0.2% 0.1% Consumer Price Index Ex Food & Energy (YoY) (Sep) 1.8% 1.8% Consumer Price Index n.s.a (MoM) (Sep) 234.22 233.88 EIA Crude Oil Stocks change (Oct 25) 5.246M 7-Year Note Auction 2.058% Fed Interest Rate Decision (Oct 30) 0.25% 0.25% Fed Pace of Treasury Purchase Program (Oct) $45 $45B Fed Pace of MBS Purchase Program (Oct) $40 $40B Fed's Monetary Policy Statement Oct 31 Initial Jobless Claims (Oct 25) 340K 350K Continuing Jobless Claims (Oct 18) 2.865M 2.874M Treasury Sec Lew Speech Chicago Purchasing Managers' Index (Oct) 55.0 55.7 EIA Natural Gas Storage change (Oct 25) 87B Nov 01 Fed's Bullard speech Markit Manufacturing PMI (Oct) 52.8 ISM Prices Paid (Oct) 55.0 56.5 ISM Manufacturing PMI (Oct) 55.5 56.2 Fed Minneapolis's Narayana Kocherlakota speech Fed's Lacker speech Total Vehicle Sales (Oct) 15.45M 15.21M