Market News and Reports This Week

 

MBS  -17/32 @ 100.21    10 Yr Treasury -19/32 @ 2.5830      Dow -20 @ 15,546

 

Stronger than expected manufacturing data in Europe has hurt global bonds, including MBS, this morning. The results from the 5-yr Treasury auction will come out around 1:00 et.

Sales of new homes jumped in June to a five-year high, despite the recent rise in mortgage rates.  New homes sold at an annual rate of 497,000 in June, up 8.3% from May, which was revised downward. June sales were well above the 483,000, that economists surveyed by Briefing.com were expecting.

Top of Form Treasuries
24-Jul-13 Last Change 3-Month T-Bill 0.02% 0.00% 6-Month T-Bill 0.06% 0.00% 1-Year T-Bill 0.12% 0.02% 2-Year Note 0.35% 0.04% 3-Year Note 0.62% 0.03% 5-Year Note 1.36% 0.05% 10-Year Note 2.58% 0.07% 30-Year Bond 3.63% 0.05%

 

Top of Form Major Indices
24-Jul-13 Last Change 11th District COFI 0.951% -0.019% 1-Month LIBOR 0.189% -0.001% 6-Month LIBOR 0.397% 0.000% 12-Month LIBOR 0.675% -0.001% MTA Index 0.159% -0.004% Prime Rate 3.25% 0.00% Federal Funds Rate 0.25% 0.00% Discount Rate 0.75% 0.00%

 

Top of Form Mortgage Rates
24-Jul-13 Last Change 15-Year Fixed Freddie 3.41% -0.12% 30-Year Fixed Freddie 4.37% -0.14% 1-Year ARM Freddie 2.66% 0.00% 5/1-Year ARM Freddie 3.17% -0.09%	Bottom of Form

 

 

APOR (Changes Mondays)

30 Yr Fixed-  4.43%

5/1 ARM -      3.01%

7/1 ARM   -    3.32%

10/1-ARM -  3.83%

 

 

ECONOMIC CALENDAR

	Event			Actual		Cons.	Previous
Jul 22	Chicago Fed National Activity Index (Jun)	-0.13	0.00		-0.29Revised from -0.30
	Existing Home Sales Change (MoM) (Jun)	-1.2%	0.5%		3.4%Revised from 4.2%
	Existing Home Sales (MoM) (Jun)	5.08M	5.26M		5.14MRevised from 5.18M
	3-Month Bill Auction				0.04%
	6-Month Bill Auction				0.07%
Jul 23	Redbook index (MoM) (Jul 14)				0.8%
	Redbook index (YoY) (Jul 14)				3%
	Housing Price Index (MoM) (May)		0.8%		0.7%
	Richmond Fed Manufacturing Index (Jul)		7		8
	4-Week Bill Auction				0.02%
Jul 24	MBA Mortgage Applications (Jul 19)				-2.6%
	Markit Manufacturing PMI (Jul) Preliminar		51.9		51.9
	New Home Sales (MoM) (Jun)		0.485M		0.476M
	New Home Sales Change (MoM) (Jun)				2.1%
	EIA Crude Oil Stocks change (Jul 19)				-6.902M
Jul 25	Durable Goods Orders (Jun)		0.5%		3.6%
	Durable Goods Orders ex Transportation		0.5%		0.7%
	Initial Jobless Claims (Jul 19)		340K		334K
	Continuing Jobless Claims (Jul 13)		2.980M		3.114M
	EIA Natural Gas Storage change (Jul 19)				58B
	Kansas Fed manufacturing activity (Jul)				-17
Jul 26	Reuters/Michigan Consumer Sentiment Index (Jul)				84.1