CHM Blog

Bond markets began unchanged this morning, stock indexes also little changed. The headlines this week, the FOMC minutes from the September meeting, Treasury auctions, mid-October University of Michigan consumer sentiment index.

At 9:45 am PMI September services index expected at 58.7, reported at 58.8.

At 10 am September ISM service sector index expected at 55.0 from 55.4, reported at 54.9.

This Week’s Economic Calendar:

Monday:

September ISM services sector index (55.0 from 55.4), final PMI September services index (58.7 unchanged from the preliminary release).

Tuesday:

$58B 3 year note auction, US August trade deficit (-$99.0B from $88,6B in July).

Wednesday:

FOMC minutes, weekly MBA mortgage applications, $39B 10 year note auction, August consumer credit +$15B from +$18.1B.

Thursday:

Weekly jobless claims (200K from 197K), $22B 30 year bond auction.

Friday:

Mid-month University of Michigan consumer sentiment index (48.0 from 47.8 in September.)

PRICES @ 10:00 AM

10 year note: 5.31% +3 bp

5 year note: 5.07% +1 bp

2 year note: 4.82% -2 bp

30 year bond: 5.67% +5 bp

30 year FNMA 6.5: @9:30 am 100.45 -6 bp (-30 bp from 9:30 am Friday)

30 year FNMA 6.0: @9:30 am 97.89 -11 bp (-68 bp from 9:30 am Friday)

30 year GNMA 6.5: @9:30 am 100.30 -8 bp (-55 bp from 9:30 am Friday)

Dollar/Yen: 158.16 +0.32 yen

Dollar/Euro: $1.1192 -$0.0062

Dollar Index: 102.33 +0.40

Gold: $4,1670.20 +$7.90

Bitcoin: 86,299 +879

Crude Oil: $89.64 -$1.47

DJIA: 50,922 -255

NASDAQ: 27,328 +137

S&P 500: 7737 +14

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.