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9/27/16

September 27th, 2016

Below is the news when it happened and the market’s reaction.  All Times are Eastern Standard Time. 

11:00 AM - The German Bund yield approches all-time low ... now at -0.14.

10:51 AM - Saudis, Iran dash hopes for OPEC oil deal in Algeria. Hopes of production cuts fading. WTI oil -$1.30 to $44.64/barrel.

10:06 AM - Stocks push into positive territory after the strong Consumer Confidence number.

10:01 AM - September Consumer Confidence surges to 104.1, well above the 98.0 expected.

9:58 AM - The S&P Case/Shiller July 20-city Home Price Index +5% from July 2015, just below the 5.1% expected.

9:51 AM - MBS off highs. Be aware that any decent pullback will prompt an alert to lock.

 

9:39 AM - The S&P trades to flat levels.

9:34 AM - The S&P opens lower as the post debate shine wears off.

9:27 AM New Rates have been posted

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9:25 AM - S&P futures give up their gains and fall into negative territory.

8:09 AM - The 3% Fannie Mae 30-yr coupon has gained back 88bp since the 103.28 low on September 19.

8:08 AM - MBS closed higher in the previous 4 trading sessions.

8:06 AM - MBS open slightly higher as they hover near multi-year highs.

8:03 AM - Fed Vice Chair Stanley Fischer will speak at 11:15 a.m. ET.

8:02 AM - The Treasury will sell $34B 5-yr T Notes, results from the auction will be released at 1:00 p.m.

8:01 AM - The July Case-Shiller 20-city Home Price Index will be released at 9:00 a.m., Consumer Confidence at 10.

8:00 AM - WTI oil $45.03/barrel, -$0.90.

7:59 AM - U.S. dollar index 95.32, +0.11.

7:57 AM - The banking woes from Deutsche Bank continues to weigh on European equities.

7:57 AM - Treasury securities are modestly higher as the yield on the 10-yr T Notes edges lower to 1.56% from last week's 1.74%

7:50 AM - S&P futures higher, but off their best levels as the markets digest last night's presidential debate between (D) Hillary Clinton and (R) Donald Trump.