Register or Sign in        Email This Page     Link To This Page    
Visit MND at MBA in NYC!
1,270
# of Questions
 

Send Article via Email

REGISTERED USERS (Free!):
Can forward to 6 email addresses at a time. Register or Login

Registered users also get the additional advantage of Co-branded Emails and Landing Pages. Learn more about these features.

Your Name: 
Your Email: 
I want to forward this to
(Enter Email Address Below) :
Include a Personal Message (optional)

Please add 4 and 5 and type the answer here:
Leave this field blank.
Email Preview Below:
This feature is now 100% free. Learn More About Co-branded Email and our other Co-branded Services.
 
This email was sent to you by:
Harry Chriest |
Mortgage News Daily

Message:   YOUR MESSAGE HERE
Email alerts, such as this one, are a free service provided by Mortgage News Daily. If you would like to receive an alert when important news breaks please register to join our community.
Moving Back Toward Lows After Industrial Production Data; Stronger Stock Open
Posted to: Micro News
Monday, March 17, 2014 9:45 AM

Forward this email:  Send a copy of this story to someone you know that may want to read it.

Bond markets lost a few ticks after the stronger read on Industrial Production out at 9:15am.  Equities markets are moving higher after the cash open at 9:30am, which at the very least isn't helping bonds recover.  Here's the run-down on the data:

Industrial Production and Capacity Utilization

  • Industrial Output +0.6 pct vs +0.1 forecast, -0.2 previously
  • Excluding Auto sector, Industrial Output +0.4 vs +0.1 previously
  • Capacity Utilization 78.8 vs 78.6 forecast
  • Manufacturing +0.8 vs +0.2 forecast, -0.9 previously
  • Full Release

10yr yields are very close to their domestic session highs (2.676 vs 2.683) and Fannie 4.0s are 1 tick off their lows (104-10 vs 104-09).  If there's a silver lining, it's that the we haven't broken beyond those weak points and have shown some resilience compared to a sharper move in equities.  Of course, this could always change, but it looks good for now.




More from MND:

 

If you would like to opt-out of receiving email forwards from this person please click here to remove your email address.

Forward this email:  Send a copy of this story to someone you know that may want to read it.

 

More From MND

Mortgage Rates:
  • 30 Yr FRM 4.03%
  • |
  • 15 Yr FRM 3.21%
  • |
  • Jumbo 30 Year Fixed 3.92%
MBS Prices:
  • 30YR FNMA 4.5 108-13 (0-01)
  • |
  • 30YR FNMA 5.0 110-22 (0-02)
  • |
  • 30YR FNMA 5.5 111-17 (-0-01)
Recent Housing Data:
  • Mortgage Apps 11.56%
  • |
  • Refinance Index 23.29%
  • |
  • FHFA Home Price Index 0.67%