September 29th, 2016
Below is the news when it happened and the market’s reaction. All Times are Eastern Standard Time.
11:14 AM - Indexes below posted
10:44 AM - MBS trade in a tight range in the morning session. S&P slightly lower with little movement.
10:19 AM - Freddie Mac reports that the 30-yr fixed rate conventional mortgage rate ($417K or less) fell to 3.42% this week with 0.5 in points and fees.
10:13 AM - Train crashes into the Hoboken, NJ Train Deport - 3 dead, 100 critically hurt.
10:12 AM - The weaker than expected Pending Home Sales data unable to lift Bond Prices.
10:10 AM - August Pending Home Sales -2.4%, below the +1% expected.
9:32 AM - The S&P 500 trades slightly lower soon after the open.
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8:45 AM - August Pending Home Sales at 10:00.
8:42 AM - U.S. dollar index 95.55, +0.20.
8:34 AM - Weekly Initial Jobless Claims +3K to 254K in the latest week.
8:33 AM - The final reading for Q2 GDP rises to 1.4% from 1.1% in the last look, just above the 1.3% expected.
8:25 AM - 10-yr T Note yield 1.58%.
8:23 AM - WTI oil $46.95/barrel, -$0.09, off worst levels.
8:22 AM - Philadelphia Fed President Harker (non-voter) says raising rates could spur business investment.
8:19 AM - Oil prices rose nearly 6% in Wednesday's trading due to a supposed agreement from OPEC members to curb output. However, a lack of details of the deal is leading to profit taking this morning.
8:16 AM - MBS open near unchanged while S&P futures push lower on oil pullback.