Market update and reports

MBS  -11/32 @ 100.271      10 Yr Treasury  -7/32 @ 2.7390       Dow +24 @ 16,096

 

The last batch of data for the week ahead of the holiday was mixed. October Durable Orders fell 2.0%, matching the consensus, mostly due to volatile aircraft orders. Removing the transportation component, Durable Orders showed a slight decline, while the consensus was for a small increase. The Chicago PMI national manufacturing index declined to 63.0, above the consensus of 60.0. Weekly Jobless Claims dropped to 316K, below the consensus of 330K. Consumer Sentiment will be released at 10:00 et. The results from the 7-yr Treasury auction will come out around 1:00 et

 

The Thomson Reuters/University of Michigan's final reading on the overall index on consumer sentiment measured 75.1 for November, up from a final reading of 73.2 in October and above the median forecast of 73.5 among economists polled by Reuters.

Treasuries
27-Nov-13 Last Change 3-Month T-Bill 0.07% 0.00% 6-Month T-Bill 0.10% 0.00% 1-Year T-Bill 0.12% 0.00% 2-Year Note 0.29% 0.00% 3-Year Note 0.54% 0.00% 5-Year Note 1.36% 0.02% 10-Year Note 2.74% 0.03% 30-Year Bond 3.82% 0.01%

 

Major Indices
27-Nov-13 Last Change 11th District COFI 0.957% 0.001% 1-Month LIBOR 0.165% 0.001% 6-Month LIBOR 0.346% 0.002% 12-Month LIBOR 0.578% 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
27-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