More on today's market

MBS   -4/32 @ 103.12          10 Yr  -7/32 @ 1.9040   Dow   +145 @  14272

It has been another quiet morning, ahead of today's economic data. The Dow is up to a record high level. The big report this week will be Friday's Employment data.

The Institute for Supply Management’s non-manufacturing index increased to 56 last month from 55.2 in January, the Tempe, Arizona-based group said today. Economists projected the gauge would be little changed at 55, according to the Bloomberg survey median. Readings above 50 signal expansion.

Top of Form Treasuries
5-Mar-13 Last Change 3-Month T-Bill 0.08% -0.01% 6-Month T-Bill 0.11% 0.00% 1-Year T-Bill 0.17% 0.00% 2-Year Note 0.24% 0.01% 3-Year Note 0.36% 0.00% 5-Year Note 0.77% 0.01% 10-Year Note 1.90% 0.03% 30-Year Bond 3.10% 0.02%

 

Top of Form Major Indices
5-Mar-13 Last Change 11th District COFI 0.962% -0.109% 1-Month LIBOR 0.203% -0.002% 6-Month LIBOR 0.452% -0.003% 12-Month LIBOR 0.743% -0.002% MTA Index 0.178% 0.000% Prime Rate 3.25% 0.00% Federal Funds Rate 0.25% 0.00% Discount Rate 0.75% 0.00%

 

Top of Form Mortgage Rates
5-Mar-13 Last Change 15-Year Fixed Freddie 2.76% -0.01% 30-Year Fixed Freddie 3.51% -0.05% 1-Year ARM Freddie 2.64% -0.01% 5/1-Year ARM Freddie 2.61% -0.03% Bottom of Form

 

APOR

30 Yr Fixed- 3.51%

5/1 ARM -     2.61%

	Event	Actual	Cons.	Previous
Mar 04	FOMC Member Yellen Speech
	ISM New York index (Feb)	58.8		56.7
	6-Month Bill Auction			0.135%
	3-Month Bill Auction			0.125%
	FOMC Member Powell Speech
Mar 05	Redbook index (MoM) (Feb 24)			1.4%
	Redbook index (YoY) (Feb 24)			2.7%
	IBD/TIPP Economic Optimism (MoM) (Mar)		46.3	47.3
	ISM Non-Manufacturing PMI (Feb)		55.0	55.2
	52-week Bill auction			0.145%
	4-Week Bill Auction			0.11%
Mar 06	MBA Mortgage Applications (Mar 1)			-3.8%
	ADP Employment Change (Feb)		170K	192K
	Philadelphia Fed's Plosser speech
	Factory Orders (MoM) (Jan)		-2.2%	1.8%
	EIA Crude Oil Stocks change (Mar 1)			1.13M
	Fed's Beige Book
Mar 07	Challenger Job Cuts (YoY) (Feb)			40.4K
	Initial Jobless Claims (Mar 3)		355K	344K
	Continuing Jobless Claims (Feb 24)		3.110M	3.074M
	Nonfarm Productivity (Q4)		-1.6%	3.2%
	Unit Labor Costs (Q4)		4.2%	-2.3%
	Trade Balance (Jan)		$-43.00B	$-38.54B
	EIA Natural Gas Storage change (Mar 1)			-171B
	FOMC Member Powell Speech
	Consumer Credit Change (Jan)		$14.25B	$14.59B
	Bank Stress Test Info
Mar 08	Average Hourly Earnings (MoM) (Feb)		0.2%	0.2%
	Average Hourly Earnings (YoY) (Feb)		2.1%	2.1%
	Average Weekly Hours (Feb)		34.4	34.4
	Nonfarm Payrolls (Feb)		160K	157K
	Unemployment Rate (Feb)		7.9%	7.9%
	Wholesale Inventories (Jan)		0.3%	-0.1%