MBS
-6/32 @ 101.27 10 Yr Treasury -7/32 @
2.6070 Dow -7@ 15,392
MBS
drifted lower during today's session ahead of tomorrow's Employment report. Oil
prices dropped below $100 per barrel for the first time since early July.
Tomorrow, the September Employment report which was delayed by the shutdown
will be released at 8:30 et. The consensus is for a gain of 185K jobs.
Construction Spending will come out at 10:00 et.
September Existing Home Sales declined 2% from the four-year high reached in August to an annual rate of 5.29M, which was very close to the consensus. Existing Sales were 11% higher than one year ago. Total inventory of existing homes available for sale was unchanged at a 5.0-month supply.
September Existing Home Sales declined 2% from the four-year high reached in August to an annual rate of 5.29M, which was very close to the consensus. Existing Sales were 11% higher than one year ago. Total inventory of existing homes available for sale was unchanged at a 5.0-month supply.
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