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September 24, 2007 - MortgageMag.com
Monday: No Data Due - Yields Barely Move

- Last Updated Mon, Sep 24, 2007 at 6:21 PM EST - by Rob Hain

There was no data due on Monday. MBS and Treasury prices moved little, particularly in comparison to their wild ride the week before. By the end of trading, the 10-year Treasury yield was down to 4.63%.

The next data releases will be Consumer Confidence and Existing Home Sales at 10:00 Eastern on Tuesday.



Friday: No Data Due - Yields Ease

- Last Updated Fri, Sep 21, 2007 at 11:59 PM EST - by Rob Hain

Bond Yields Settle After Week`s Runup
After a week of falling bond prices, MBS and Treasury prices lifted in the absence of economic data on Friday, taking yields down slightly. By the end of Friday`s trading, the 10-year Treasury yield was down to 4.63% - still near its high for the month.

The next release will be Consumer Confidence at 10:00 Eastern on Tuesday.

News:  Treasury prices rise - CNN/Money (AP)


This Week: Plenty of Data Due

- Last Updated Fri, Sep 21, 2007 at 11:59 PM EST - by Rob Hain

Tuesday
Consumer Confidence and Existing Home Slaes are due at 10:00 Eastern.

Wednesday
Durable Goods Orders are due out at 8:30 Eastern.

Thursday
Weekly Jobless Claims are due out at their usual 8:30 Eastern time, along with final revisions to second quarter GDP. New Home Sales follow at 10:00.

Friday
Personal Income and Spending is due out at 8:30 Eastern. At the same time, monthly Core PCE figures should be released, followed by the Chicago PMI at 9:45. Construction Spending and Consumer Sentiment finish the data week at 10:00.



Last Week: 10-year Treasury Up Seventeen Basis Points

- Last Updated Fri, Sep 21, 2007 at 11:59 PM EST - by Rob Hain

During the heavy economic news week of September 17, the 10-year Treasury yield jumped seventeen basis points, ending the week at 4.63%.

Monday
New York manufacturing missed estimates. 10TSY close: 4.47%

Tuesday
The FOMC lowered the Fed Funds Target Rate by 50 basis points. Energy prices pulled producer prices down significantly; core prices rose. 10TSY close: 4.48%

Wednesday
As with producer prices, consumer prices slid overall, but core prices rose. Housing Starts slipped. 10TSY close: 4.52%

Thursday
Jobless Claims dropped slightly. Leading Indicators declined unexpectedly, but Philadelphia manufacturing soared. 10TSY close: 4.67%

Friday
No economic data was released. 10TSY close: 4.63%

MortgageMag.com by Rob Hain, San Antonio-Texas