Weekly Mortgage Overview: 11/12/2013

By November 12, 2013Uncategorized

Our holiday-shortened week does not have any economic release that will have the gravitas of last week’s GDP and NFP releases. This is a much lighter week for economic data compared to last week.

The biggest focal points for the bond market will be Wednesday and  Thursday: the 10-year U.S. Treasury auction is on Wednesday; and on Thursday the closely watched Weekly Initial Jobless Claims data, a 30-year Treasury bond auction, and separate speeches by Bernanke and Yellen.

What is on the agenda for this week?

Date

Time (ET)

Economic Release

Market Expects

Prior

13-Nov

7:00 AM

MBA Mortgage Index

NA

-7.00%

13-Nov

8:30 AM

Export Prices ex-ag.

NA

0.30%

13-Nov

8:30 AM

Import Prices ex-oil

NA

0.10%

13-Nov

2:00 PM

Treasury Budget

NA

-$120.0B

14-Nov

8:30 AM

Initial Claims

330K

336K

14-Nov

8:30 AM

Continuing Claims

2862K

2868K

14-Nov

8:30 AM

Trade Balance

-$39.1B

-$38.8B

14-Nov

8:30 AM

Productivity-Prel

2.00%

2.30%

14-Nov

8:30 AM

Unit Labor Costs

0.80%

0.00%

14-Nov

10:30 AM

Natural Gas Inventories

NA

35 bcf

14-Nov

11:00 AM

Crude Inventories

NA

1.577M

15-Nov

8:30 AM

Empire Manufacturing

4.3

1.5

15-Nov

9:15 AM

Industrial Production

0.10%

0.60%

15-Nov

9:15 AM

Capacity Utilization

78.30%

78.30%

15-Nov

10:00 AM

Wholesale Inventories

0.30%

0.50%