Weekly Outlook

Current Tren Direction: Sideways
Risks Favor: Cautiously Floating
Current Price of FNMA 6.0% Bond: $100.03

Currently, mortgage bonds are trading sideways and will more than likely stay flat until tomorrow or later this week once the Producer Price Index (PPI) and the Consumer Price Index (CPI) reports post. Both reports yield inflationary data that will cause mortgage bonds to react, thus activity tomorrow and Wednesday could be high. The 200 day moving average is a proven level of support and a proven ceiling of resistance, whichever direction the trend is set will eventually have that to contend with.


October 16 Empire State Index Moderate
October 17 Core Producer Price Index (PPI) Moderate
October 17 Producer Price Index (PPI) Moderate
October 17 Capacity Utilization Moderate
October 17 Industrial Production Moderate
October 18 Building Permits Moderate
October 18 Core Consumer Price Index (CPI) HIGH
October 18 Consumer Price Index (CPI) HIGH
October 18 Housing Starts Moderate
October 18 Crude Inventories Moderate
October 19 Index of Leading Econ (LEI) Low
October 19 Philadelphia Fed Index HIGH
October 19 Jobless Claims (Initial) Moderate