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Bond Markets Improved Slightly After 10am Data
Posted to: Micro News
Tuesday, March 25, 2014 10:18 AM

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Compared to the potential movement associated with the two 10am economic releases, we're not seeing much, but the little that's shown up has been mostly positive.  Here's a run-down of the data:

Consumer Confidence (March)

  • 82.3 vs 78.6 forecast, 78.3 previously, highest since jan 2008
  • Present Situation 80.4 vs 81.0 in Feb
  • Expectations 83.5 vs 76.5 in Feb
  • Labor Differential ("jobs hard to get" minus "jobs plentiful") 19.9 vs 19.0 previously (higher = worse for labor market)

New Home Sales (Feb)

  • 440k annual rate vs 445k forecast
  • Northeast -32.4 pct, midwest +36.7 pct, south -1.5, west -15.9
  • Supply up to 5.2 months from 5.0 months
  • Prices fell 1.2 pct from Feb 2013.

10yr yields are down to 2.743 from 2.76 before the data and MBS have added 3 ticks to move up to 103-27 in Fannie 4.0s. 

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More From MND

Mortgage Rates:
  • 30 Yr FRM 3.67%
  • |
  • 15 Yr FRM 2.95%
  • |
  • Jumbo 30 Year Fixed 3.62%
MBS Prices:
  • 30YR FNMA 4.5 108-28 (0-00)
  • |
  • 30YR FNMA 5.0 110-17 (-0-04)
  • |
  • 30YR FNMA 5.5 111-30 (0-02)
Recent Housing Data:
  • Mortgage Apps 10.03%
  • |
  • Refinance Index 11.33%
  • |
  • Purchase Index 8.43%