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You are viewing Micro News from Tuesday, Nov 27, 2012 - View all recent Micro News
  • 11/27/12
    MBS have been grinding higher in a tight range all...
    MBS Updates are a service provided to MBS Live! subscribers only.
    Learn More | Start a Free Trial | View MBS Prices
    Category: MBS, alert
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  • 11/27/12
    ECON: Consumer Confidence Hits Highest Level Since Feb 2008
    - Confidence 73.7 vs 73.0 Consensus
    - Last month revised from 72.2 to 73.1
    - 'Present Situation' FELL to 56.6 from 56.7
    - Biggest gains in 'Expectations,' up to 85.1 vs upwardly revised 84.0 in October (previously 82.9)

    The Conference Board Consumer Confidence Index®, which had increased in October, posted a moderate increase in November. The Index now stands at 73.7 (1985=100), up from 73.1 in October. The Present Situation Index was virtually unchanged at 56.6 versus 56.7 last month. The Expectations Index rose to 85.1 from 84.0 last month.

    The monthly Consumer Confidence Survey®, based on a probability-design random sample, is conducted for The Conference Board by Nielsen, a leading global provider of information and analytics around what consumers buy and watch. The cutoff date for the preliminary results was November 13.

    Says Lynn Franco, Director of Economic Indicators at The Conference Board: “The Consumer Confidence Index increased in November and is now at its highest level in more than four and a half years (76.4 Feb. 2008). This month’s moderate improvement was the result of an uptick in expectations, while consumers’ assessment of present-day conditions continues to hold steady. Over the past few months, consumers have grown increasingly more upbeat about the current and expected state of the job market, and this turnaround in sentiment is helping to boost confidence.”
    Category: MBS, ECON
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  • 11/27/12
    As we perused headlines about Greece's debt deal last...
    MBS Updates are a service provided to MBS Live! subscribers only.
    Learn More | Start a Free Trial | View MBS Prices
    Category: MBS, alert
    Share:   
  • 11/27/12
    ECON: Case-Shiller Home Prices Improve In Line With Expectations
    - 20 City Index +0.4 vs +0.4 Consensus and Previous
    - Unadjusted +0.3 vs +0.5 Consensus
    - Year over year +3.0 pct vs +2.9 pct Consensus

    Data through September 2012, released today by S&P Dow Jones Indices for its S&P/Case-Shiller1 Home Price Indices, the leading measure of U.S. home prices, showed that home prices continued to rise in the third quarter of 2012. The national composite was up 3.6% in the third quarter of 2012 versus the third quarter of 2011, and was up 2.2% versus the second quarter of 2012. In September 2012, the 10- and 20-City Composites showed annual returns of +2.1% and +3.0%. Average home prices in the 10- and 20-City Composites were each up by 0.3% in September versus August 2012. Seventeen of the 20 MSAs and both Composites posted better annual returns in September versus August 2012; Detroit and Washington D.C. recorded a slight deceleration in their annual rates, and New York saw no change.
    Category: MBS, ECON
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  • 11/27/12
    ECON: Durable Goods Unchanged in October, Better Than Expected
    - Headline Durable Goods 0.0 vs -0.6 Consensus
    - Excluding transportation +1.5 vs -0.5 Consensus
    - Ex-Defense & Aircraft +1.7, Most since May 2012,

    New orders for manufactured durable goods in October increased slightly to $216.9 billion, the U.S. Census Bureau announced today. This increase, up five of the last six months, followed a 9.2 percent September increase. Excluding transportation, new orders increased 1.5 percent. Excluding defense, new orders increased 0.1 percent.

    Machinery, up two consecutive months, had the largest increase, $0.9 billion or 2.9 percent to $30.9 billion.
    Category: MBS, ECON
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  • 11/27/12
    MBS have been grinding higher in a tight range all...
    MBS Updates are a service provided to MBS Live! subscribers only.
    Learn More | Start a Free Trial | View MBS Prices
    Category: MBS, alert
    Share:   
  • 11/27/12
    - Confidence 73.7 vs 73.0 Consensus
    - Last month revised from 72.2 to 73.1
    - 'Present Situation' FELL to 56.6 from 56.7
    - Biggest gains in 'Expectations,' up to 85.1 vs upwardly revised 84.0 in October (previously 82.9)

    The Conference Board Consumer Confidence Index®, which had increased in October, posted a moderate increase in November. The Index now stands at 73.7 (1985=100), up from 73.1 in October. The Present Situation Index was virtually unchanged at 56.6 versus 56.7 last month. The Expectations Index rose to 85.1 from 84.0 last month.

    The monthly Consumer Confidence Survey®, based on a probability-design random sample, is conducted for The Conference Board by Nielsen, a leading global provider of information and analytics around what consumers buy and watch. The cutoff date for the preliminary results was November 13.

    Says Lynn Franco, Director of Economic Indicators at The Conference Board: “The Consumer Confidence Index increased in November and is now at its highest level in more than four and a half years (76.4 Feb. 2008). This month’s moderate improvement was the result of an uptick in expectations, while consumers’ assessment of present-day conditions continues to hold steady. Over the past few months, consumers have grown increasingly more upbeat about the current and expected state of the job market, and this turnaround in sentiment is helping to boost confidence.”
    Category: MBS, ECON
    Share:   
  • 11/27/12
    As we perused headlines about Greece's debt deal last...
    MBS Updates are a service provided to MBS Live! subscribers only.
    Learn More | Start a Free Trial | View MBS Prices
    Category: MBS, alert
    Share:   
  • 11/27/12
    - 20 City Index +0.4 vs +0.4 Consensus and Previous
    - Unadjusted +0.3 vs +0.5 Consensus
    - Year over year +3.0 pct vs +2.9 pct Consensus

    Data through September 2012, released today by S&P Dow Jones Indices for its S&P/Case-Shiller1 Home Price Indices, the leading measure of U.S. home prices, showed that home prices continued to rise in the third quarter of 2012. The national composite was up 3.6% in the third quarter of 2012 versus the third quarter of 2011, and was up 2.2% versus the second quarter of 2012. In September 2012, the 10- and 20-City Composites showed annual returns of +2.1% and +3.0%. Average home prices in the 10- and 20-City Composites were each up by 0.3% in September versus August 2012. Seventeen of the 20 MSAs and both Composites posted better annual returns in September versus August 2012; Detroit and Washington D.C. recorded a slight deceleration in their annual rates, and New York saw no change.
    Category: MBS, ECON
    Share:   
  • 11/27/12
    - Headline Durable Goods 0.0 vs -0.6 Consensus
    - Excluding transportation +1.5 vs -0.5 Consensus
    - Ex-Defense & Aircraft +1.7, Most since May 2012,

    New orders for manufactured durable goods in October increased slightly to $216.9 billion, the U.S. Census Bureau announced today. This increase, up five of the last six months, followed a 9.2 percent September increase. Excluding transportation, new orders increased 1.5 percent. Excluding defense, new orders increased 0.1 percent.

    Machinery, up two consecutive months, had the largest increase, $0.9 billion or 2.9 percent to $30.9 billion.
    Category: MBS, ECON
    Share:   
  • 11/27/12
    ECON: Consumer Confidence Hits Highest Level Since Feb 2008
    - Confidence 73.7 vs 73.0 Consensus
    - Last month revised from 72.2 to 73.1
    - 'Present Situation' FELL to 56.6 from 56.7
    - Biggest gains in 'Expectations,' up to 85.1 vs upwardly revised 84.0 in October (previously 82.9)

    The Conference Board Consumer Confidence Index®, which had increased in October, posted a moderate increase in November. The Index now stands at 73.7 (1985=100), up from 73.1 in October. The Present Situation Index was virtually unchanged at 56.6 versus 56.7 last month. The Expectations Index rose to 85.1 from 84.0 last month.

    The monthly Consumer Confidence Survey®, based on a probability-design random sample, is conducted for The Conference Board by Nielsen, a leading global provider of information and analytics around what consumers buy and watch. The cutoff date for the preliminary results was November 13.

    Says Lynn Franco, Director of Economic Indicators at The Conference Board: “The Consumer Confidence Index increased in November and is now at its highest level in more than four and a half years (76.4 Feb. 2008). This month’s moderate improvement was the result of an uptick in expectations, while consumers’ assessment of present-day conditions continues to hold steady. Over the past few months, consumers have grown increasingly more upbeat about the current and expected state of the job market, and this turnaround in sentiment is helping to boost confidence.”
    Category: MBS, ECON
    Share:   
  • 11/27/12
    ECON: Case-Shiller Home Prices Improve In Line With Expectations
    - 20 City Index +0.4 vs +0.4 Consensus and Previous
    - Unadjusted +0.3 vs +0.5 Consensus
    - Year over year +3.0 pct vs +2.9 pct Consensus

    Data through September 2012, released today by S&P Dow Jones Indices for its S&P/Case-Shiller1 Home Price Indices, the leading measure of U.S. home prices, showed that home prices continued to rise in the third quarter of 2012. The national composite was up 3.6% in the third quarter of 2012 versus the third quarter of 2011, and was up 2.2% versus the second quarter of 2012. In September 2012, the 10- and 20-City Composites showed annual returns of +2.1% and +3.0%. Average home prices in the 10- and 20-City Composites were each up by 0.3% in September versus August 2012. Seventeen of the 20 MSAs and both Composites posted better annual returns in September versus August 2012; Detroit and Washington D.C. recorded a slight deceleration in their annual rates, and New York saw no change.
    Category: MBS, ECON
    Share:   
  • 11/27/12
    ECON: Durable Goods Unchanged in October, Better Than Expected
    - Headline Durable Goods 0.0 vs -0.6 Consensus
    - Excluding transportation +1.5 vs -0.5 Consensus
    - Ex-Defense & Aircraft +1.7, Most since May 2012,

    New orders for manufactured durable goods in October increased slightly to $216.9 billion, the U.S. Census Bureau announced today. This increase, up five of the last six months, followed a 9.2 percent September increase. Excluding transportation, new orders increased 1.5 percent. Excluding defense, new orders increased 0.1 percent.

    Machinery, up two consecutive months, had the largest increase, $0.9 billion or 2.9 percent to $30.9 billion.
    Category: MBS, ECON
    Share:   
 
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