More on the market and reports coming out

MBS  -9/32 @ 100.30     10 Yr Treasury -14/32 @ 2.7170             Dow +207@ 15,010

 

Hints that the two parties may be getting closer to at least a small deal to raise the debt ceiling have lifted stocks and hurt MBS this morning. It was reported that both sides may be open to a small increase in the debt ceiling which would allow more time to negotiate without the risk of default by the government. Weekly Jobless Claims jumped to 374K, far above the consensus, but the figures were distorted by computer glitches in California and impacted by the government shutdown. 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
10-Oct-13 Last Change 3-Month T-Bill 0.01% 0.00% 6-Month T-Bill 0.03% -0.01% 1-Year T-Bill 0.14% -0.01% 2-Year Note 0.37% 0.00% 3-Year Note 0.71% 0.01% 5-Year Note 1.46% 0.03% 10-Year Note 2.71% 0.05% 30-Year Bond 3.78% 0.04%

 

Top of Form Major Indices
10-Oct-13 Last Change 11th District COFI 0.956% 0.002% 1-Month LIBOR 0.174% -0.003% 6-Month LIBOR 0.366% -0.003% 12-Month LIBOR 0.627% -0.004% 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
10-Oct-13 Last Change 15-Year Fixed Freddie 3.29% -0.08% 30-Year Fixed Freddie 4.22% -0.10% 1-Year ARM Freddie 2.63% 0.00% 5/1-Year ARM Freddie 3.03% -0.04% 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