Market update

MBS  -12/32@ 101.293        10 Yr Treasury  -14/32 @ 2.6590                 Dow -75@ 15,563

 

The ISM purchasing managers index for the non-manufacturing sector rose to 55.4 percent in October, a full point higher than the September reading of 54.4 percent.

Treasuries
5-Nov-13 Last Change 3-Month T-Bill 0.05% 0.01% 6-Month T-Bill 0.08% 0.00% 1-Year T-Bill 0.10% 0.01% 2-Year Note 0.32% 0.01% 3-Year Note 0.60% 0.02% 5-Year Note 1.40% 0.05% 10-Year Note 2.67% 0.07% 30-Year Bond 3.75% 0.05%

 

Major Indices
5-Nov-13 Last Change 11th District COFI 0.957% 0.001% 1-Month LIBOR 0.170% 0.001% 6-Month LIBOR 0.352% -0.001% 12-Month LIBOR 0.596% -0.001% 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
5-Nov-13 Last Change 15-Year Fixed Freddie 3.20% -0.04% 30-Year Fixed Freddie 4.10% -0.03% 1-Year ARM Freddie 2.64% 0.04% 5/1-Year ARM Freddie 2.96% -0.04%

 

 

 APOR (Changes Mondays)

30 Yr Fixed-  4.16%

15 Yr Fixed- 3.30%

5/1 ARM -      2.93%

7/1 ARM   -    3.22%

10/1-ARM -  3.72%

 

Economic Calendar

Event Actual Cons. Previous Nov 04 ISM New York index (Oct) 59.3 53.6 Factory Orders (MoM) (Sep) 1.7% 1.7% -0.1% Factory Orders (MoM) (Aug) -0.1% -2.4% FOMC Member Powell Speech 6-Month Bill Auction 0.081% 3-Month Bill Auction 0.046% Federal Reserve Bank of Boston President Rosengren Speech Nov 05 Redbook index (MoM) (Oct 27) -1.3% Redbook index (YoY) (Oct 27) 3.6% IBD/TIPP Economic Optimism (MoM) (Nov) 41.1 38.4 ISM Non-Manufacturing PMI (Oct) 54.0 54.4 4-Week Bill Auction 0.056% Fed's Lacker speech FOMC Member Williams speech Nov 06 MBA Mortgage Applications (Nov 1) 6.4% Challenger Job Cuts (YoY) (Oct) 40.289K CB Leading Indicator (MoM) (Sep) 0.7% 0.7% EIA Crude Oil Stocks change (Nov 1) 4.087M FOMC Member Pianalto Speech Nov 07 Gross Domestic Product Price Index (Q3) Preliminar 1.3% 0.6% Gross Domestic Product Annualized (Q3) Preliminar 2.0% 2.5% Initial Jobless Claims (Nov 2) 332K 340K Continuing Jobless Claims (Oct 25) 2.881M Personal Consumption Expenditures Prices (QoQ) (Q3) Preliminar 0.8% -0.1% Core Personal Consumption Expenditures (QoQ) (Q3) Preliminar 0.6% EIA Natural Gas Storage change (Nov 1) 38B 10-Year Note Auction 30-Year Bond Auction 3.758% Consumer Credit Change (Sep) $11.50B $13.63B Nov 08 Average Hourly Earnings (MoM) (Oct) 0.2% 0.1% Average Hourly Earnings (YoY) (Oct) 2.3% 2.1% Average Weekly Hours (Oct) 34.5 34.5 Nonfarm Payrolls (Oct) 130K 148K Personal Consumption Expenditures - Price Index (MoM) (Sep) 0.1% 0.1% Personal Income (MoM) (Sep) 0.3% 0.4% Core Personal Consumption Expenditure - Price Index (MoM) (Sep) 0.1% 0.2% Core Personal Consumption Expenditure - Price Index (YoY) (Sep) 1.3% 1.2% Personal Consumption Expenditures - Price Index (YoY) (Sep) 1.1% 1.2% Personal Spending (Sep) 0.2% 0.3% Unemployment Rate (Oct) 7.3% 7.2% Reuters/Michigan Consumer Sentiment Index (Nov) Preliminar 74.3 73.2 Fed's Lockhart speech Fed's Bernanke Speech FOMC Member Williams speech