Monday, October 21, 2013

Market close


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.

 

 

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