ISM Manufacturing Index

Fundamentals 10/3: Better Manufacturing, Rate Preview

Manufacturing -ISM Manufacturing Index 51.6 -Below 50 is contraction, above 50 is expansion -Previous was 50.6, expectations for today were 50.5 -The employment component was up but new orders were down. -This data is produced by the Institute for Supply Management from a survey of more than 300 manufacturing firms. Construction Spending – Construction Spending

Fundamentals 10/3: Better Manufacturing, Rate Preview

Manufacturing -ISM Manufacturing Index 51.6 -Below 50 is contraction, above 50 is expansion -Previous was 50.6, expectations for today were 50.5 -The employment component was up but new orders were down. -This data is produced by the Institute for Supply Management from a survey of more than 300 manufacturing firms. Construction Spending – Construction Spending

Fundamentals 6/1

Jobs ADP Jobs +38,000 ADP Jobs is an early indicators of BLS which will be out Friday. ADP is weighted to private sector jobs and with public sector jobs declining this is not good news. Mortgage Applications Week-to-week changes in applications last week – Purchase Index – 0.0 % – Refinance Index -5.7 % –

Rates Cling Near 2011 Lows

Mortgage bonds opened today up, extending the past 10 days of gains, but have since retreated (FNMA 30yr 4% coupon -9 basis points) as bond traders take some profits. Still, two weeks of gains have brought rates down near 2011 lows achieved March 16. Today’s ISM Manufacturing Index fell slightly to 60.4 in April from

Why Are Rate Markets Ignoring Business Inflation?

Rates typically rise when inflation is a threat. This happens because rates are tied to bonds. Investors pay a certain price for a bond, and based on that price, they get a certain percentage of that bond’s value paid to them each year. That percentage is called a yield (or a rate) and it has

Rates Up On Manufacturing Data, Preview of Market Week

Stocks and rates are up as investors look forward to economic improvement in 2011. Rates were a lot higher to begin the trading day, but bonds have since recovered a bit—if the recovery holds, rates will stop rising for the day. Late last week the Chicago ISM (Institute of Supply Managers) stats soared in December

Rates Up On Manufacturing Data, Preview of Market Week

Stocks and rates are up as investors look forward to economic improvement in 2011. Rates were a lot higher to begin the trading day, but bonds have since recovered a bit—if the recovery holds, rates will stop rising for the day. Late last week the Chicago ISM (Institute of Supply Managers) stats soared in December