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You are viewing Micro News from Tuesday, Dec 24, 2013 - View all recent Micro News
  • 12/24/13
    Although the last alert was out not even 11 minutes...
    MBS Updates are a service provided to MBS Live! subscribers only.
    Learn More | Start a Free Trial | View MBS Prices
    Category: MBS, alert
    Share:   
  • 12/24/13
    We're just now edging down to the levels where negative...
    MBS Updates are a service provided to MBS Live! subscribers only.
    Learn More | Start a Free Trial | View MBS Prices
    Category: MBS, alert
    Share:   
  • 12/24/13
    ECON: New Home Sales Much Higher Than Expected
    - Sales 464k vs 445k forecast, 474k previously
    - 474k in October revised up from 444k
    - October increase was largest since 1992
    - Prices surged to 270,900 from 259,200

    - Market Reaction: None (seriously... it's a holiday thing). Stretching to apply cause and effect, you could say that "bond markets remain near weaker levels after strong housing data," but you would be stretching.

    Sales of new single-family houses in November 2013 were at a seasonally adjusted annual rate of 464,000, according to estimates released jointly today by the U.S. Census Bureau and the Department of Housing and Urban Development.

    This is 2.1 percent (±21.3%)* below the revised October rate of 474,000, but is 16.6 percent (±29.4%)* above the November 2012 estimate of 398,000. The median sales price of new houses sold in November 2013 was $270,900; the average sales price was $340,300. The seasonally adjusted estimate of new houses for sale at the end of November was 167,000. This represents a supply of 4.3 months at the current sales rate.
    Category: MBS, ECON
    Share:   
  • 12/24/13
    Slightly Weaker Overnight; Strong Durable Goods Report Didn't Help

    The overnight session wasn't much of a session at all.  Whereas we're usually coming in to the US session with 150k 10yr Treasury futures contracts traded on average, we had less than 30k by 7am today.

    That suggests we take today's movement with a grain of salt because trading levels are being decided by a fraction of the normal amount of dollars traded. 

    10yr yields rose relatively quickly heading into domestic hours, moving from 2.93 to 2.95 from 5am to 7am.  Treasuries and MBS both spiked to their weakest levels of the day following a stronger-than-expected Durable Goods report.

    10's are now up to 2.966, matching those previous highs and Fannie 4.0 MBS are down 5 ticks on the day at 102-29.  New Home Sales data is out at 10am.

    Category: MBS, UPDATE
    Share:   
  • 12/24/13
    Slightly Weaker Overnight; Strong Durable Goods Report Didn't Help

    The overnight session wasn't much of a session at all.  Whereas we're usually coming in to the US session with 150k 10yr Treasury futures contracts traded on average, we had less than 30k by 7am today.

    That suggests we take today's movement with a grain of salt because trading levels are being decided by a fraction of the normal amount of dollars traded. 

    10yr yields rose relatively quickly heading into domestic hours, moving from 2.93 to 2.95 from 5am to 7am.  Treasuries and MBS both spiked to their weakest levels of the day following a stronger-than-expected Durable Goods report.

    10's are now up to 2.966, matching those previous highs and Fannie 4.0 MBS are down 5 ticks on the day at 102-29.  New Home Sales data is out at 10am.

    year-end consolidative range in Treasuries

    Category: MBS, UPDATE
    Share:   
  • 12/24/13
    ECON: Durable Goods Much Stronger Than Expected
    • Nov Durables +3.5 vs +2.0 forecast
    • Oct revised to -0.7 from -1.6
    • Excluding transportation +1.2 vs +0.6 forecast
    • Market Reaction: bond markets move sharply weaker after drifting into weaker territory overnight

    New orders for manufactured durable goods in November increased $8.2 billion or 3.5 percent to$241.6 billion, the U.S. Census Bureau announced today. This increase, up three of the last four months,followed a 0.7 percent October decrease. Excluding transportation, new orders increased 1.2 percent.Excluding defense, new orders increased 3.5 percent.

    Transportation equipment, also up three of the last four months, led the increase, $6.3 billion or 8.4 percent to$81.2 billion. This was led by nondefense aircraft and parts, which increased $3.9 billion.

    Full Release

    Category: MBS, ECON
    Share:   
  • 12/24/13
    ECON: Durable Goods Much Stronger Than Expected
    • Nov Durables +3.5 vs +2.0 forecast
    • Oct revised to -0.7 from -1.6
    • Excluding transportation +1.2 vs +0.6 forecast
    • Market Reaction: bond markets move sharply weaker after drifting into weaker territory overnight

    New orders for manufactured durable goods in November increased $8.2 billion or 3.5 percent to$241.6 billion, the U.S. Census Bureau announced today. This increase, up three of the last four months,followed a 0.7 percent October decrease. Excluding transportation, new orders increased 1.2 percent.Excluding defense, new orders increased 3.5 percent.

    Transportation equipment, also up three of the last four months, led the increase, $6.3 billion or 8.4 percent to$81.2 billion. This was led by nondefense aircraft and parts, which increased $3.9 billion.

    Full Release

    Category: MBS, UPDATE
    Share:   
 
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  • 12/24/13
    Although the last alert was out not even 11 minutes...
    MBS Updates are a service provided to MBS Live! subscribers only.
    Learn More | Start a Free Trial | View MBS Prices
    Category: MBS, alert
    Share:   
  • 12/24/13
    We're just now edging down to the levels where negative...
    MBS Updates are a service provided to MBS Live! subscribers only.
    Learn More | Start a Free Trial | View MBS Prices
    Category: MBS, alert
    Share:   
  • 12/24/13
    - Sales 464k vs 445k forecast, 474k previously
    - 474k in October revised up from 444k
    - October increase was largest since 1992
    - Prices surged to 270,900 from 259,200

    - Market Reaction: None (seriously... it's a holiday thing). Stretching to apply cause and effect, you could say that "bond markets remain near weaker levels after strong housing data," but you would be stretching.

    Sales of new single-family houses in November 2013 were at a seasonally adjusted annual rate of 464,000, according to estimates released jointly today by the U.S. Census Bureau and the Department of Housing and Urban Development.

    This is 2.1 percent (±21.3%)* below the revised October rate of 474,000, but is 16.6 percent (±29.4%)* above the November 2012 estimate of 398,000. The median sales price of new houses sold in November 2013 was $270,900; the average sales price was $340,300. The seasonally adjusted estimate of new houses for sale at the end of November was 167,000. This represents a supply of 4.3 months at the current sales rate.
    Category: MBS, ECON
    Share:   
  • 12/24/13

    The overnight session wasn't much of a session at all.  Whereas we're usually coming in to the US session with 150k 10yr Treasury futures contracts traded on average, we had less than 30k by 7am today.

    That suggests we take today's movement with a grain of salt because trading levels are being decided by a fraction of the normal amount of dollars traded. 

    10yr yields rose relatively quickly heading into domestic hours, moving from 2.93 to 2.95 from 5am to 7am.  Treasuries and MBS both spiked to their weakest levels of the day following a stronger-than-expected Durable Goods report.

    10's are now up to 2.966, matching those previous highs and Fannie 4.0 MBS are down 5 ticks on the day at 102-29.  New Home Sales data is out at 10am.

    Category: MBS, UPDATE
    Share:   
  • 12/24/13

    The overnight session wasn't much of a session at all.  Whereas we're usually coming in to the US session with 150k 10yr Treasury futures contracts traded on average, we had less than 30k by 7am today.

    That suggests we take today's movement with a grain of salt because trading levels are being decided by a fraction of the normal amount of dollars traded. 

    10yr yields rose relatively quickly heading into domestic hours, moving from 2.93 to 2.95 from 5am to 7am.  Treasuries and MBS both spiked to their weakest levels of the day following a stronger-than-expected Durable Goods report.

    10's are now up to 2.966, matching those previous highs and Fannie 4.0 MBS are down 5 ticks on the day at 102-29.  New Home Sales data is out at 10am.

    year-end consolidative range in Treasuries

    Category: MBS, UPDATE
    Share:   
  • 12/24/13
    • Nov Durables +3.5 vs +2.0 forecast
    • Oct revised to -0.7 from -1.6
    • Excluding transportation +1.2 vs +0.6 forecast
    • Market Reaction: bond markets move sharply weaker after drifting into weaker territory overnight

    New orders for manufactured durable goods in November increased $8.2 billion or 3.5 percent to$241.6 billion, the U.S. Census Bureau announced today. This increase, up three of the last four months,followed a 0.7 percent October decrease. Excluding transportation, new orders increased 1.2 percent.Excluding defense, new orders increased 3.5 percent.

    Transportation equipment, also up three of the last four months, led the increase, $6.3 billion or 8.4 percent to$81.2 billion. This was led by nondefense aircraft and parts, which increased $3.9 billion.

    Full Release

    Category: MBS, ECON
    Share:   
  • 12/24/13
    • Nov Durables +3.5 vs +2.0 forecast
    • Oct revised to -0.7 from -1.6
    • Excluding transportation +1.2 vs +0.6 forecast
    • Market Reaction: bond markets move sharply weaker after drifting into weaker territory overnight

    New orders for manufactured durable goods in November increased $8.2 billion or 3.5 percent to$241.6 billion, the U.S. Census Bureau announced today. This increase, up three of the last four months,followed a 0.7 percent October decrease. Excluding transportation, new orders increased 1.2 percent.Excluding defense, new orders increased 3.5 percent.

    Transportation equipment, also up three of the last four months, led the increase, $6.3 billion or 8.4 percent to$81.2 billion. This was led by nondefense aircraft and parts, which increased $3.9 billion.

    Full Release

    Category: MBS, UPDATE
    Share:   
  • 12/24/13
    ECON: New Home Sales Much Higher Than Expected
    - Sales 464k vs 445k forecast, 474k previously
    - 474k in October revised up from 444k
    - October increase was largest since 1992
    - Prices surged to 270,900 from 259,200

    - Market Reaction: None (seriously... it's a holiday thing). Stretching to apply cause and effect, you could say that "bond markets remain near weaker levels after strong housing data," but you would be stretching.

    Sales of new single-family houses in November 2013 were at a seasonally adjusted annual rate of 464,000, according to estimates released jointly today by the U.S. Census Bureau and the Department of Housing and Urban Development.

    This is 2.1 percent (±21.3%)* below the revised October rate of 474,000, but is 16.6 percent (±29.4%)* above the November 2012 estimate of 398,000. The median sales price of new houses sold in November 2013 was $270,900; the average sales price was $340,300. The seasonally adjusted estimate of new houses for sale at the end of November was 167,000. This represents a supply of 4.3 months at the current sales rate.
    Category: MBS, ECON
    Share:   
  • 12/24/13
    ECON: Durable Goods Much Stronger Than Expected
    • Nov Durables +3.5 vs +2.0 forecast
    • Oct revised to -0.7 from -1.6
    • Excluding transportation +1.2 vs +0.6 forecast
    • Market Reaction: bond markets move sharply weaker after drifting into weaker territory overnight

    New orders for manufactured durable goods in November increased $8.2 billion or 3.5 percent to$241.6 billion, the U.S. Census Bureau announced today. This increase, up three of the last four months,followed a 0.7 percent October decrease. Excluding transportation, new orders increased 1.2 percent.Excluding defense, new orders increased 3.5 percent.

    Transportation equipment, also up three of the last four months, led the increase, $6.3 billion or 8.4 percent to$81.2 billion. This was led by nondefense aircraft and parts, which increased $3.9 billion.

    Full Release

    Category: MBS, ECON
    Share:   
 
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