Published Date 10/25/2024
A quiet open this morning, the 10 year note at 4.20% -1 bp; UMBS price at 8:30 am ET -1 bp from yesterday. Two data points today, September durable goods orders and the final University of Michigan consumer sentiment index.
September Durable goods were expected -0.5% reported -0.8%, August orders revised from 0.0% to -0.8%. Excluding transportation orders, they were better than forecasts at +0.4% with estimates at -0.1% and August revised from +0.5% to +0.6%. Core capital goods increased 0.5% from 0.3% in August, core orders are viewed by investors as a signal of future business prospects. The reaction to the 8:30 am data dropped the 10 year note 1 bps to 4.18%.
The election closing in will keep investors and traders on edge, not wanting to step in before the results and the reactions are known. Next week is full of key data; October employment report, September inflation with PCE, JOLTS job openings, October consumer confidence index, September personal income and spending headline although there are other releases that will get focus.
At 9:30 am the DJIA opened +189, NASDAQ +116, S&P +32. 10 year note 4.19% -2 bps. FNMA 5.5 30 year coupon at 9:30 am +6 bps from yesterday’s close and +11 bps from 9:30 am yesterday.
At 10 am the final University of Michigan/Wells Fargo consumer sentiment data, sentiment index expected at 69.0. It was reported at 70.5.
Source: TBWS
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.
American Home Lending USA, LLC - NMLS ID: 71983. To verify licensing, visit NMLS Consumer Access (www.nmlsconsumeraccess.org). Equal Housing Lender.
NMLS: 19488
American Home Lending USA, LLC
240 S Buchanan St, Edwardsville IL 62025
Company NMLS: 71983
Office: 618-310-0091
Cell: 618-806-2281
Email: jbeck@ahlusa1.com
NMLS: 19488
Cell: 618-806-2281
11/6/2024
Curb appeal plays a crucial role when selling a home, with messy neighbors poten... view more
11/4/2024
Even if home prices have not fallen, it might be good to know that you’ve got mo... view more
11/4/2024
These are the three areas that have the greatest ability to impact rates this we... view more
11/1/2024
A medical professional's viral warning about a common kitchen item has sparked h... view more
11/1/2024
Markets waited all week for October employment data; it hit at 8:30 am ET...... view more
10/31/2024
The October Challenger Job Cuts fell from 73K down to 56K. Initial Weekly Jobles... view more
10/30/2024
Seems like a no-brainer to get a home ready to list when the weather is fine, th... view more
10/28/2024
When northern California homeowner...... view more
10/28/2024
These are the three areas that have the greatest ability to impact rates this we... view more