CHM Blog

It’s a busy shortened week with Thanksgiving on Thursday. Some delayed data from the shutdown will be released this week.

This Week’s Calendar. Monday at 1 pm ET $69B 2 year note auction. Tuesday October retail sales (+0.4%), October PPI inflation (+0.3% month/month, year/year +2.6%; core month/month +0.3%, year/year +2.7%), September Case/Shiller home price index (+0.1% from +0.2% in August, year/year 20 city +1.4%), November consumer confidence index (93.3 from 94.6), October pending home sales (-0.4%), $70B 5 year note auction. Wednesday weekly jobless claims (225K from 220K), September durable goods orders (+0.1%, ex-transportation orders 0.0%), November Chicago purchasing managers index (44.3 from 43.8), October new home sales, October personal income and spending, $44B 7 year note auction. Thursday closed. Friday stock market closes at 1 pm, bond market at 2 pm.

At 9:30 am the DJIA opened +128, NASDAQ +314, S&P +56. 10 at 9:30 am 4.05% -2 bps. FNMA 5.5 30 year coupon at 9:30 am +4 bps from Friday and +10 bps from 9:30 am Friday.

At 1 pm $69B 2 year note auction.

There is still some uncertainty about when past data will be reported.

PRICES @ 10:00 AM

10 year note: 4.05% -2 bp

5 year note: 3.62% unch

2 year note: 3.52% unch

30 year bond: 4.68% -3 bp

30 year FNMA 5.5: @9:30 am 101.08 +4 bp (+10 bp from 9:30 am Friday)

30 year FNMA 6.0: @9:30 am 102.27 +2 bp (+9 bp from 9:30 am Friday)

30 year GNMA 5.5: @9:30 am 100.91 +2 bp (+9 bp from 9:30 am Friday)

Dollar/Yen: 157.00 +0.61 yen

Dollar/Euro: $1.1530 +$0.0017

Dollar Index: 100.16 -0.02

Gold: $4,070.80 -$8.70

Bitcoin: 85,443 -2013

Crude Oil: $57.87 -$0.19

DJIA: 46,315 +70

NASDAQ: 22,644 +391

S&P 500: 6664 +61

Richard Sardella has been actively managing and providing services in the mortgage industry for over 30 years. Richard serves on the board of directors as President of Colorado Home Mortgages Inc.

All information furnished has been forwarded to you and is provided by thetbwsgroup only for informational purposes. Forecasting shall be considered as events which may be expected but not guaranteed. Neither the forwarding party and/or company nor thetbwsgroup assume any responsibility to any person who relies on information or forecasting contained in this report and disclaims all liability in respect to decisions or actions, or lack thereof based on any or all of the contents of this report.

MLO of record MLO.100007700 / NMLS#233568 / CHM NMLS#127716.