reports and updates rates off a smidge

MBS -4/32 @ 104.05      10 Yr Treasury -10/32 @ 1.718    DOW +76 @ 14675

 

There was little reaction to today's economic data. March CPI fell 0.2% from February, below the consensus of -0.1%, and it was 1.5% higher than one year ago. Core CPI, which excludes food and energy, increased 0.1%, below the consensus of 0.2%. Core CPI was 1.9% higher than one year ago. March Industrial Production increased 0.3%, which was very close to expectations. March Housing Starts jumped 7% from February to an annual rate of 1,036K units, well above the consensus of 930K. The increase was entirely due to multi-family units. Building Permits declined 4%.

 

Top of Form Treasuries
16-Apr-13 Last Change 3-Month T-Bill 0.05% 0.00% 6-Month T-Bill 0.08% -0.01% 1-Year T-Bill 0.12% 0.00% 2-Year Note 0.22% 0.00% 3-Year Note 0.35% -0.01% 5-Year Note 0.70% 0.03% 10-Year Note 1.71% 0.03% 30-Year Bond 2.90% 0.04%

 

Top of Form Major Indices
16-Apr-13 Last Change 11th District COFI 0.999% 0.037% 1-Month LIBOR 0.200% 0.000% 6-Month LIBOR 0.436% -0.002% 12-Month LIBOR 0.718% -0.001% MTA Index 0.174% -0.003% Prime Rate 3.25% 0.00% Federal Funds Rate 0.25% 0.00% Discount Rate 0.75% 0.00%

 

Top of Form Mortgage Rates
16-Apr-13 Last Change 15-Year Fixed Freddie 2.65% -0.09% 30-Year Fixed Freddie 3.43% -0.11% 1-Year ARM Freddie 2.62% -0.01% 5/1-Year ARM Freddie 2.62% -0.03%	Bottom of Form

 

 

APOR

30 Yr Fixed- 3.43%

5/1 ARM -     2.62%

 

ECONOMIC CALENDAR

Event	Actual	Cons.	Previous
Apr 15	NY Empire State Manufacturing Index (Apr)	3.05	7.00	9.24
	Net Long-Term TIC Flows (Feb)	$-17.8B	$41.3B	$25.7B
	Total Net TIC Flows (Feb)	$53.6B		$116.8BRevised from $110.9B
	NAHB Housing Market Index (Apr)	42	45	44
	6-Month Bill Auction			0.095%
	3-Month Bill Auction			0.065%
Apr 16	Consumer Price Index (YoY) (Mar)		1.7%	2.0%
	Consumer Price Index Ex Food & Energy (YoY) (Mar)		2%	2%
	Consumer Price Index (MoM) (Mar)		0.1%	0.7%
	Consumer Price Index Core s.a (Mar)			232.51
	Consumer Price Index Ex Food & Energy (MoM) (Mar)		0.2%	0.2%
	Consumer Price Index n.s.a (MoM) (Mar)		232.97	232.17
	Housing Starts (MoM) (Mar)		0.930M	0.917M
	Building Permits (MoM) (Mar)		0.940M	0.946M
	Redbook index (YoY) (Apr 7)			2.5%
	Redbook index (MoM) (Apr 7)			0.7%
	Industrial Production (MoM) (Mar)		0.2%	0.8%Revised from 0.7%
	Capacity Utilization (Mar)		78.4%	78.3%Revised from 79.6%
	4-Week Bill Auction			0.06%
	FOMC Member Duke Speech
	Fed Minneapolis's Narayana Kocherlakota speech
Apr 17	MBA Mortgage Applications (Apr 12)			4.5%
	Fed's Bullard speech
	EIA Crude Oil Stocks change (Apr 12)			0.25M
	Federal Reserve Bank of Boston President Eric Rosengren Speech
	Fed's Beige Book
Apr 18	G20 Finance Ministers and Central Bank Governors Meeting
	Initial Jobless Claims (Apr 13)		347K	346K
	Continuing Jobless Claims (Apr 6)			3.079M
	Fed Minneapolis's Narayana Kocherlakota speech
	Fed's Lacker speech
	CB Leading Indicator (MoM) (Mar)		0.1%	0.5%
	Philadelphia Fed Manufacturing Survey (Apr)		3.3	2.0
	EIA Natural Gas Storage change (Apr 12)			-14B
	FOMC Member Raskin Speech
Apr 19	G20 Finance Ministers and Central Bank Governors Meeting
	FOMC Member Stein Speech