Market Outlook
Monday, August 25, 2008
Price Trend: Positive
Price Volatility: High
Recommendation: Floating with an Eye on the Market
_________________________________________________________________
Current Conditions: Today's Economic Data (all times PST)
FNMA 6.0 100-18 (+8) Existing Home Sales 7:00
GNMA 6.0 101-01 (+8)
10yr Yield 3.782%
_________________________________________________________________
Commentary:
Bonds are off to a good start this morning as stocks are taking a bit of a beating. Existing home sales jumped in July, but so did inventories. Prices continued to decline as foreclosure sales continue to flood the market. New Home Sale data will be released tomorrow along with the minutes from the last FOMC meeting.
This Week's Calendar
Click on a "Release" for Insight
|
Date |
ET |
Release |
For |
Actual |
Briefing.com |
Consensus |
Prior |
Bond Impact |
|
Aug 25 |
10:00 |
Jul |
5.00M |
4.95M |
4.90M |
4.85M |
Low |
|
|
Aug 26 |
10:00 |
Aug |
|
53.0 |
53.0 |
51.9 |
Low-Moderate |
|
|
Aug 26 |
10:00 |
Jul |
|
535K |
525K |
530K |
Low |
|
|
Aug 26 |
14:00 |
FOMC Minutes |
Aug 5 |
|
|
|
|
Moderate |
|
Aug 27 |
08:30 |
Jul |
|
0.5% |
0.0% |
0.8% |
Moderate |
|
|
Aug 27 |
10:35 |
Crude Inventories |
08/23 |
|
NA |
NA |
9390K |
Low |
|
Aug 28 |
08:30 |
Q2 |
|
1.1% |
1.1% |
1.1% |
High |
|
|
Aug 28 |
08:30 |
Q2 |
|
2.8% |
2.7% |
1.9% |
High |
|
|
Aug 28 |
08:30 |
08/23 |
|
NA |
425K |
432K |
Low |
|
|
Aug 29 |
08:30 |
Jul |
|
-0.3% |
-0.2% |
0.1% |
Moderate |
|
|
Aug 29 |
08:30 |
Jul |
|
0.3% |
0.2% |
0.6% |
Moderate |
|
|
Aug 29 |
09:45 |
Aug |
|
50.5 |
50.0 |
50.8 |
Moderate |
|
|
Aug 29 |
10:00 |
Aug |
|
63.0 |
62.0 |
61.7 |
Low-Moderate |
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