Market update and reports

MBS  +3/32 @ 101.08      10 Yr Treasury  +6/32 @ 2.7100        Dow +14 @ 16,086

 

The Housing Starts data scheduled for today has been postponed again due to the government shutdown. The data for September, October, and November will be released on December 18. October Building Permits rose 6% from September to an annual rate of 1.03M, above the consensus of 0.93M, and the highest level since June 2008. Permits were 14% higher than one year ago. The results from the 5-yr Treasury auction will come out around 1:00 et.

U.S. consumer confidence fell in November as Americans worried about their future jobs and earnings prospects, according to a private sector report released on Tuesday. The Conference Board, an industry group, said its index of consumer attitudes fell to 70.4 from a upwardly revised 72.4 the month before. Economists had expected a reading of 72.9, according to a Reuters poll

Treasuries
26-Nov-13 Last Change 3-Month T-Bill 0.07% 0.00% 6-Month T-Bill 0.10% 0.01% 1-Year T-Bill 0.12% 0.00% 2-Year Note 0.31% 0.01% 3-Year Note 0.55% 0.00% 5-Year Note 1.33% 0.00% 10-Year Note 2.71% -0.01% 30-Year Bond 3.80% -0.01%

 

Major Indices
26-Nov-13 Last Change 11th District COFI 0.957% 0.001% 1-Month LIBOR 0.164% 0.000% 6-Month LIBOR 0.344% -0.001% 12-Month LIBOR 0.576% 0.002% MTA Index 0.139% -0.005% Prime Rate 3.25% 0.00% Federal Funds Rate 0.25% 0.00% Discount Rate 0.75% 0.00%

 

Mortgage Rates
26-Nov-13 Last Change 15-Year Fixed Freddie 3.27% -0.08% 30-Year Fixed Freddie 4.22% -0.13% 1-Year ARM Freddie 2.61% 0.00% 5/1-Year ARM Freddie 2.95% -0.06%

 

 

 

 

 

 

 APOR (Changes Mondays)

30 Yr Fixed-  4.28%

15 Yr Fixed- 3.37%

5/1 ARM -     2.94%

7/1 ARM   -   3.28%

10/1-ARM -  3.81%

 

Economic Calendar

	Event	Actual	Cons.	Previous
Nov 25	Pending Home Sales (MoM) (Oct)	-0.6%	1.3%	-4.6%Revised from -5.6%
	Pending Home Sales (YoY) (Oct)	-1.6%		-1.2%
	Dallas Fed Manufacturing Business Index (Nov)	1.9		3.6
	3-Month Bill Auction			0.08%
	6-Month Bill Auction			0.1%
	2-Year Note Auction			0.323%
Nov 26	Housing Starts (MoM) (Sep)		0.910M	0.891M
	Building Permits (MoM) (Oct)		0.94M
	Building Permits (MoM) (Sep)		0.940M	0.918M
	Housing Starts (MoM) (Oct)		0.92M
	Redbook index (MoM) (Nov 17)			-0.7%
	Redbook index (YoY) (Nov 17)			3.5%
	S&P/Case-Shiller Home Price Indices (YoY) (Sep)		13.0%	12.8%
	Consumer Confidence (Nov)		72.9	71.2
	Housing Price Index (MoM) (Oct)		0.5%	0.3%
	Richmond Fed Manufacturing Index (Nov)		3	1
	4-Week Bill Auction			0.06%
	5-Year Note Auction			1.3%
Nov 27	MBA Mortgage Applications (Nov 22)			-2.3%
	Durable Goods Orders (Oct)		-1.5%	3.7%
	Durable Goods Orders ex Transportation (Oct)		0.2%	-0.1%
	Initial Jobless Claims (Nov 22)		331K	323K
	Continuing Jobless Claims (Nov 15)			2.876M
	Chicago Purchasing Managers' Index (Nov)		62.0	65.9
	Reuters/Michigan Consumer Sentiment Index (Nov)		73.1	73.2
	CB Leading Indicator (MoM) (Oct)		0.1%	0.7%
	EIA Crude Oil Stocks change (Nov 22)			0.375M
	EIA Natural Gas Storage change (Nov 22)			-45B
	7-Year Note Auction			1.87%
Nov 28	Thanksgiving day