MBS
-4/32 @ 104.31 10 Yr T -10/32
@ 2.6490 DOW +76 @
15,072
Without the release of the Employment report due to the government
shutdown, it was a quiet session.
Investors will continue to follow the budget and debt ceiling discussions next week. If the shutdown is not resolved, most of the economic reports scheduled for next week will be postponed, including Friday's Retail Sales and Producer Price index data. Unaffected by the shutdown, the Minutes from the September 18 Fed Meeting will be released on Wednesday. These detailed Minutes provide additional insight into the debate between Fed officials. In addition, Treasury auctions are scheduled for Tuesday, Wednesday, and Thursday.
Monday, we will be switching the current coupon from the 30-yr 4.0% to the 30-yr 3.5% to better reflect current market conditions.
Investors will continue to follow the budget and debt ceiling discussions next week. If the shutdown is not resolved, most of the economic reports scheduled for next week will be postponed, including Friday's Retail Sales and Producer Price index data. Unaffected by the shutdown, the Minutes from the September 18 Fed Meeting will be released on Wednesday. These detailed Minutes provide additional insight into the debate between Fed officials. In addition, Treasury auctions are scheduled for Tuesday, Wednesday, and Thursday.
Monday, we will be switching the current coupon from the 30-yr 4.0% to the 30-yr 3.5% to better reflect current market conditions.
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