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MBS  +5/32@ 102.22   10 Yr Treasury +5/32 @ 2.502     Dow +12@ 15,521

 

This morning, September Durable Orders increased 3.7% from August, which was below the consensus of 4.0%. Excluding volatile transportation orders such as aircraft, Durable Orders showed a slight decline. There was little reaction to the data.

 

The Thomson Reuters/University of Michigan final consumer sentiment index decreased to 73.2, the weakest this year, from 77.5 in September. The median estimate in a Bloomberg survey called for a decline to 75 compared with a preliminary reading of 75.2.

 

Treasuries
25-Oct-13 Last Change 3-Month T-Bill 0.01% 0.00% 6-Month T-Bill 0.03% -0.01% 1-Year T-Bill 0.10% 0.00% 2-Year Note 0.32% 0.00% 3-Year Note 0.59% -0.01% 5-Year Note 1.29% -0.02% 10-Year Note 2.51% -0.02% 30-Year Bond 3.60% -0.02%

 

Major Indices
25-Oct-13 Last Change 11th District COFI 0.941% -0.015% 1-Month LIBOR 0.169% -0.002% 6-Month LIBOR 0.354% -0.002% 12-Month LIBOR 0.606% -0.001% MTA Index 0.144% -0.005% Prime Rate 3.25% 0.00% Federal Funds Rate 0.25% 0.00% Discount Rate 0.75% 0.00%

 

Mortgage Rates
25-Oct-13 Last Change 15-Year Fixed Freddie 3.24% -0.09% 30-Year Fixed Freddie 4.13% -0.15% 1-Year ARM Freddie 2.60% -0.03% 5/1-Year ARM Freddie 3.00% -0.07%

 

 

 

 APOR (Changes Mondays)

30 Yr Fixed-  4.34%

15 Yr Fixed- 3.43%

5/1 ARM -      2.99%

7/1 ARM   -    3.32%

10/1-ARM -  3.84%

 

Economic Calendar

 

	Event	Actual	Cons.	Previous
Oct 21	Fed's Evans Speech
	Existing Home Sales (MoM) (Sep)	5.29M	5.30M	5.39MRevised from 5.48M
	Existing Home Sales Change (MoM) (Sep)	-1.9%	-2.9%	0.0%Revised from 1.7%
	EIA Crude Oil Stocks change (Oct 11)	3.999M	3.400M	6.807M
	6-Month Bill Auction			0.15%
	3-Month Bill Auction			0.13%
Oct 22	Nonfarm Payrolls (Sep)		180K	169K
	Average Hourly Earnings (MoM) (Sep)		0.2%	0.2%
	Average Hourly Earnings (YoY) (Sep)			2.2%
	Average Weekly Hours (Sep)		34.5	34.5
	Unemployment Rate (Sep)		7.3%	7.3%
	Redbook index (MoM) (Oct 13)			-1.4%
	Redbook index (YoY) (Oct 13)			3.2%
	Richmond Fed Manufacturing Index (Oct)		0	0
	EIA Natural Gas Storage change		85B	90B
	4-Week Bill Auction			0.24%
Oct 23	MBA Mortgage Applications (Oct 18)			0.3%
	Export Price Index (YoY) (Sep)			-1.1%
	Export Price Index (MoM) (Sep)		0.0%	-0.5%
	Import Price Index (MoM) (Sep)		0.2%	0.0%
	Import Price Index (YoY) (Sep)			-0.4%
	Housing Price Index (MoM) (Aug)		0.8%	1.0%
	EIA Crude Oil Stocks change (Oct 18)			3.999M
Oct 24	Initial Jobless Claims (Oct 18)		340K	358K
	Continuing Jobless Claims (Oct 11)		2.875M	2.859M
	Markit Manufacturing PMI (Oct) Preliminar		52.5	52.8
	New Home Sales (MoM) (Sep)		0.425M	0.421M
	New Home Sales Change (MoM) (Sep)			7.9%
	EIA Natural Gas Storage change (Oct 18)
	Kansas Fed manufacturing activity (Oct)			4
Oct 25	Durable Goods Orders (Sep)		2.0%	0.1%
	Durable Goods Orders ex Transportation (Sep)		0.5%	-0.1%
	Reuters/Michigan Consumer Sentiment Index (Oct)		75.0	77.5