December 1st, 2016
|Date & Time of Report||Report||For||Estimate||Actual||Prior||Impact|
|12/1/16 8:30 AM||Jobless Claims (initial)||26-Nov||253k||268k||251k||Moderate|
|12/1/16 10:00 AM||ISM Index||Nov||52.1||53.2||51.90||High|
What Is Going On With Interest Rates? #wigowir
1:24 PM The 3.5% Fannie Mae 30-yr coupon able to trade back up to support 2 (S2, 102.22), now at 102.22.
1:07 PM WTI oil continues to gush higher now at $51.61/barrel, +$2.18.
1:05 PM At midday, MBS able to bounce off lows, but remain well into negative territory.
12:29 PM MBS hit session lows. Alert to Lock!
11:03 AM The Dow is up 5% since election day, Nasdaq and S&P +3%.
11:01 AM The S&P and Nasdaq slip into negative territory, Dow positive.
10:58 AM MBS able to bounce off lows.
10:02 AM The November ISM Index 53.2 vs 52.1 expected.
9:41 AM The S&P trades near unchanged soon after the open.
8:33 AM The New York Fed will provide early support purchasing up to $2.5B in Fannie/Freddie 30-yr 3s and 3.5s beginning at 9:00 a.m. ET.
8:30 AM Weekly Initial Jobless Claims up 17K to 268K vs the 253K expected.
8:23 AM Talk of privatizing Fannie Mae and Freddie Mac sends shares of the GSEs soaring to 2-year highs.
8:22 AM The eurozone's unemployment rate fell to 9.8% in October, its lowest level since July 2009 ... another factor weighing on Bond prices. .
8:13 AM Economic data this morning ... Weekly Initial Jobless Claims (8:30), ISM Index (10).
8:04 AM Challenger job cuts fell to 26,936 in November, the second lowest since July 2000 and the fewest for any November since 1990.
8:01 AM MBS look to open lower.
8:00 AM S&P futures kick off the last month of 2016 slightly lower after the big post-election rally.
8:00 AM U.S. dollar index 101.28, -0.24.
7:56 AM The 10-yr T Note yield higher at 2.41% from the 2.36% seen at yesterday's close.
7:56 AM WTI oil +$0.74 to $50.18/barrel.
7:54 AM Manufacturing data from China, Japan, Italy and Switzerland all beat expectations in November and is driving Treasury prices lower, yields higher.
Johnmarbury.com has attempted to verify the information contained on this post. However any aspect of such may change without notice. Johnmarbury.com does not provide investment advice and does not represent that any of the information or related analysis is accurate or complete at any time. On October 5th we started posting our rates and leaving them on the site for you to refer back to. This will allow you see where actual rates have been along with the news that caused the fluctuations on the rate sheet. I ask that you forgive my spelling and grammatical mistakes. This is due writing skills that are lacking and the need to communicate quickly. Most of the information posted on this blog along with the charts and indexes are available all during the day to the subscrbers of www.themortgagemarketguide.com The cost of subscription is very reasonable.