Market Outlook
Tuesday, January 20, 2009
Price Trend: Negative
Price Volatility: High
Recommendation: Cautiously Floating
_________________________________________________________________
Current Conditions: Today's Economic Data (all times PDT)
FNMA 4.5 101-14 (-3) None
GNMA 4.5 101-20 (-2)
10yr Yield 2.450%
_________________________________________________________________
Commentary:
There is no economic news on the calendar today. Treasuries are off to a troubled start with the 10yr note down over a point. Mortgages, however, have held up rather well and are off just slightly. Stocks are also down as the financial sector is dragging down most averages.
The day may see light volumes as many people will be watching the inauguration. The ceremony is set to take place around 12:00 Eastern time. The rest of the week has very little data set for release.
This Week's Calendar:
Date |
ET |
Release |
For |
Actual |
Briefing.com |
Consensus |
Prior |
Revised From |
Jan 22 |
08:30 a.m. |
Dec |
|
610K |
615K |
616K |
|
|
Jan 22 |
08:30 a.m. |
Dec |
|
605K |
610K |
625K |
|
|
Jan 22 |
08:30 a.m. |
01/17 |
|
540K |
548K |
524K |
|
|
Jan 22 |
11:00 a.m. |
Crude Inventories |
1/16 |
|
NA |
NA |
1.14M |
|
Comments (1)Subscribe to CommentsComment