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You are viewing Micro News from Thursday, Feb 7, 2013 - View all recent Micro News
  • 2/7/13
    Now we're getting into the more troublesome sort of...
    MBS Updates are a service provided to MBS Live! subscribers only.
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    Category: MBS, alert
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  • 2/7/13
    After the 3pm Treasury close, bond markets are under...
    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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  • 2/7/13
    ECON: Consumer Credit Slightly Higher Than Expected
    - Total Consumer Credit up $14.6 bln vs $13.4 bln Forecast
    - Revolving credit declined by $3.6 bln
    - Non-Revolving rose by $18.2 bln, most since 2001
    - Market Reaction: The movement around the 3pm hour was already in the works ahead of this release. It's not traditionally a market mover. Stocks haven't responded, and all bond market movement is assumed to be related to the 3pm Treasury close.
    Category: MBS, ECON
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  • 2/7/13
    This morning's price action presents a bit of a problem...
    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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  • 2/7/13
    The overnight session saw a modest amount of the 'same...
    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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  • 2/7/13
    ECON: Productivity Lower, Labor Costs Higher
    - Productivity -2.0 vs -1.3 consensus
    - Labor Costs +4.5 vs +3.0 consensus

    Nonfarm business sector labor productivity decreased at a 2.0 percent annual rate during the fourth quarter of 2012, the U.S. Bureau of Labor Statistics reported today. The decrease in productivity reflects increases of 0.1 percent in output and 2.2 percent in hours worked. (All quarterly percent changes in this release are seasonally adjusted annual rates.) From the fourth quarter of 2011 to the fourth quarter of 2012, productivity increased 0.6 percent as output and hours worked rose 2.4 percent and 1.8 percent, respectively.

    Labor productivity, or output per hour, is calculated by dividing an index of real output by an index of hours worked of all persons, including employees, proprietors, and unpaid family workers.

    Unit labor costs in nonfarm businesses increased 4.5 percent in the fourth quarter of 2012, the combined effect of the 2.0 percent decrease in productivity and a 2.4 percent increase in hourly compensation. Unit labor costs rose 1.9 percent over the last four quarters.

    BLS defines unit labor costs as the ratio of hourly compensation to labor productivity; increases in hourly compensation tend to increase unit labor costs and increases in output per hour tend to reduce them.
    Category: MBS, ECON
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  • 2/7/13
    ECON: Initial Jobless Claims Slightly Higher Than Expected
    - Claims 366k vs 360k Consensus
    - 4-week average 350.5k, lowest since March, 08

    In the week ending February 2, the advance figure for seasonally adjusted initial claims was 366,000, a decrease of 5,000 from the previous week's revised figure of 371,000. The 4-week moving average was 350,500, a decrease of 2,250 from the previous week's revised average of 352,750.

    The advance seasonally adjusted insured unemployment rate was 2.5 percent for the week ending January 26, unchanged from the prior week's unrevised rate. The advance number for seasonally adjusted insured unemployment during the week ending January 26 was 3,224,000, an increase of 8,000 from the preceding week's revised level of 3,216,000. The 4-week moving average was 3,211,000, an increase of 13,750 from the preceding week's revised average of 3,197,250.
    Category: MBS, ECON
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  • 2/7/13
    Now we're getting into the more troublesome sort of...
    MBS Updates are a service provided to MBS Live! subscribers only.
    Learn More | Start a Free Trial | View MBS Prices
    Category: MBS, alert
    Share:   
  • 2/7/13
    After the 3pm Treasury close, bond markets are under...
    MBS Updates are a service provided to MBS Live! subscribers only.
    Learn More | Start a Free Trial | View MBS Prices
    Category: MBS, alert
    Share:   
  • 2/7/13
    - Total Consumer Credit up $14.6 bln vs $13.4 bln Forecast
    - Revolving credit declined by $3.6 bln
    - Non-Revolving rose by $18.2 bln, most since 2001
    - Market Reaction: The movement around the 3pm hour was already in the works ahead of this release. It's not traditionally a market mover. Stocks haven't responded, and all bond market movement is assumed to be related to the 3pm Treasury close.
    Category: MBS, ECON
    Share:   
  • 2/7/13
    This morning's price action presents a bit of a problem...
    MBS Updates are a service provided to MBS Live! subscribers only.
    Learn More | Start a Free Trial | View MBS Prices
    Category: MBS, alert
    Share:   
  • 2/7/13
    The overnight session saw a modest amount of the 'same...
    MBS Updates are a service provided to MBS Live! subscribers only.
    Learn More | Start a Free Trial | View MBS Prices
    Category: MBS, alert
    Share:   
  • 2/7/13
    - Productivity -2.0 vs -1.3 consensus
    - Labor Costs +4.5 vs +3.0 consensus

    Nonfarm business sector labor productivity decreased at a 2.0 percent annual rate during the fourth quarter of 2012, the U.S. Bureau of Labor Statistics reported today. The decrease in productivity reflects increases of 0.1 percent in output and 2.2 percent in hours worked. (All quarterly percent changes in this release are seasonally adjusted annual rates.) From the fourth quarter of 2011 to the fourth quarter of 2012, productivity increased 0.6 percent as output and hours worked rose 2.4 percent and 1.8 percent, respectively.

    Labor productivity, or output per hour, is calculated by dividing an index of real output by an index of hours worked of all persons, including employees, proprietors, and unpaid family workers.

    Unit labor costs in nonfarm businesses increased 4.5 percent in the fourth quarter of 2012, the combined effect of the 2.0 percent decrease in productivity and a 2.4 percent increase in hourly compensation. Unit labor costs rose 1.9 percent over the last four quarters.

    BLS defines unit labor costs as the ratio of hourly compensation to labor productivity; increases in hourly compensation tend to increase unit labor costs and increases in output per hour tend to reduce them.
    Category: MBS, ECON
    Share:   
  • 2/7/13
    - Claims 366k vs 360k Consensus
    - 4-week average 350.5k, lowest since March, 08

    In the week ending February 2, the advance figure for seasonally adjusted initial claims was 366,000, a decrease of 5,000 from the previous week's revised figure of 371,000. The 4-week moving average was 350,500, a decrease of 2,250 from the previous week's revised average of 352,750.

    The advance seasonally adjusted insured unemployment rate was 2.5 percent for the week ending January 26, unchanged from the prior week's unrevised rate. The advance number for seasonally adjusted insured unemployment during the week ending January 26 was 3,224,000, an increase of 8,000 from the preceding week's revised level of 3,216,000. The 4-week moving average was 3,211,000, an increase of 13,750 from the preceding week's revised average of 3,197,250.
    Category: MBS, ECON
    Share:   
  • 2/7/13
    ECON: Consumer Credit Slightly Higher Than Expected
    - Total Consumer Credit up $14.6 bln vs $13.4 bln Forecast
    - Revolving credit declined by $3.6 bln
    - Non-Revolving rose by $18.2 bln, most since 2001
    - Market Reaction: The movement around the 3pm hour was already in the works ahead of this release. It's not traditionally a market mover. Stocks haven't responded, and all bond market movement is assumed to be related to the 3pm Treasury close.
    Category: MBS, ECON
    Share:   
  • 2/7/13
    ECON: Productivity Lower, Labor Costs Higher
    - Productivity -2.0 vs -1.3 consensus
    - Labor Costs +4.5 vs +3.0 consensus

    Nonfarm business sector labor productivity decreased at a 2.0 percent annual rate during the fourth quarter of 2012, the U.S. Bureau of Labor Statistics reported today. The decrease in productivity reflects increases of 0.1 percent in output and 2.2 percent in hours worked. (All quarterly percent changes in this release are seasonally adjusted annual rates.) From the fourth quarter of 2011 to the fourth quarter of 2012, productivity increased 0.6 percent as output and hours worked rose 2.4 percent and 1.8 percent, respectively.

    Labor productivity, or output per hour, is calculated by dividing an index of real output by an index of hours worked of all persons, including employees, proprietors, and unpaid family workers.

    Unit labor costs in nonfarm businesses increased 4.5 percent in the fourth quarter of 2012, the combined effect of the 2.0 percent decrease in productivity and a 2.4 percent increase in hourly compensation. Unit labor costs rose 1.9 percent over the last four quarters.

    BLS defines unit labor costs as the ratio of hourly compensation to labor productivity; increases in hourly compensation tend to increase unit labor costs and increases in output per hour tend to reduce them.
    Category: MBS, ECON
    Share:   
  • 2/7/13
    ECON: Initial Jobless Claims Slightly Higher Than Expected
    - Claims 366k vs 360k Consensus
    - 4-week average 350.5k, lowest since March, 08

    In the week ending February 2, the advance figure for seasonally adjusted initial claims was 366,000, a decrease of 5,000 from the previous week's revised figure of 371,000. The 4-week moving average was 350,500, a decrease of 2,250 from the previous week's revised average of 352,750.

    The advance seasonally adjusted insured unemployment rate was 2.5 percent for the week ending January 26, unchanged from the prior week's unrevised rate. The advance number for seasonally adjusted insured unemployment during the week ending January 26 was 3,224,000, an increase of 8,000 from the preceding week's revised level of 3,216,000. The 4-week moving average was 3,211,000, an increase of 13,750 from the preceding week's revised average of 3,197,250.
    Category: MBS, ECON
    Share:   
 
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