Next week is going to be busy! MBS are up +9/32 (FNMA 30-yr 3.5 at 105.03), around 6/32 above morning levels, but 3/32 below the high for the day. Favorable repricing took place. The net effect of todays Employment data was a modest improvement in MBS prices and a decline in stocks. The Dow is down 170 points. For the week, MBS rose about 17/32. Next week, the JOLTS report, measuring job openings and labor turnover rates, will be released on Tuesday. Retail Sales, which account for roughly 70% of economic activity, will come out on Wednesday. The Producer Price Index (PPI), which focuses on the increase in prices of intermediate goods, is scheduled for Thursday. The Consumer Price Index (CPI), the most closely watched monthly inflation report, will be released on Friday. CPI looks at the price change for finished goods. Industrial Production, Philly Fed, and Consumer Sentiment will round out a busy week. In addition, there will be Treasury auctions on Monday, Tuesday, and Wednesday.
Posted on: Fri, 09 Jan 2015 21:28:23 +0000