THE S&P/CASE-SHILLER HOME PRICE INDEX HAS BEEN RELEASED....

Here is a recap from Reuters:

09:00 28Sep10 RTRS-US JULY HOME PRICES IN 20 METRO AREAS -0.1 PCT SEASONALLY ADJ (CONSENSUS -0.1) VS JUNE REVISED +0.2- S&P/CASE-SHILLER

09:00 28Sep10 RTRS-US JULY 20-METRO AREA HOME PRICES UNADJUSTED +0.6 PCT (CONSENSUS +0.4) VS +1.0 PCT IN JUNE - S&P/CASE-SHILLER

09:00 28Sep10 RTRS-US JULY 20-METRO AREA HOME PRICES +3.2 PCT (CONSENSUS +3.1 PCT) FROM YEAR AGO -- CASE-SHILLER

09:00 28Sep10 RTRS-US JULY HOME PRICES IN 10 METRO AREAS +0.0 PCT SEASONALLY ADJUSTED VS +0.3 PCT IN JUNE - CASE-SHILLER

09:00 28Sep10 RTRS-US HOME PRICES IN 10 METRO AREAS UNADJUSTED +0.8 PCT IN JULY VS +1.0 PCT IN JUNE - S&P/CASE-SHILLER

09:00 28Sep10 RTRS-US JULY HOME PRICES IN 10 METROPOLITAN AREAS +4.1 PCT FROM YEAR AGO - S&P/CASE-SHILLER

09:00 28Sep10 RTRS-US July home prices dip, seen stabilizing-S&P/Case

REMEMBER: S&P says we should be looking at UNADJUSTED data

Market Reaction...

Stock futures essentially UNCH on the news. S&Ps currently +2.75 at 1140.50

Benchmark interest rates moved lower. The yield curve is flatter. 2s/10s down to 207bps. The 10yr note yield declined about 2bps, 10s are currently +0-07 at 101-01 yielding 2.506% (-2.5bps). 2.50% should draw out profit taking.

The November delivery FNCL 4.0 is +0-02 at 102-23. Yield spreads are wider vs. TSYs and swaps on a nominal basis.