| Fed Purchases $3.62 Billion Agency MBS per day Last Week
October 22, 2009 at 5:02 pm
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| The goal of the Federal Reserve's agency MBS program is to provide support to mortgage and housing markets and to foster improved conditions in financial markets more generally. Only fixed-rate agency MBS securities guaranteed by Fannie Mae, Freddie Mac and Ginnie Mae are eligible assets for the program. The program includes, but is not limited to, 30-year, 20-year and 15-year securities of these issuers....(read more) |
| Jobless Claims Led Higher by Layoffs in Manufacturing and Construction
October 22, 2009 at 10:11 am
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| This data set tracks new filings for unemployment insurance benefits and the number of Americans who continue to receive state unemployment benefits (called continuing claims or insured unemployment). The fact that this data is released on a weekly basis makes it very appealing to traders and economists as it provides a week over week view into the health of the domestic labor market. Trader's and economists are looking for hints into questions like: Are jobs being created? Are jobs being lost? Does the trend indicate more job losses ahead? Does the trend indicate firms are expanding and hiring more in the process?...(read more) |
| The Day Ahead: Futures Lower Before Data, Earnings, Speeches
October 22, 2009 at 8:07 am
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| Equity markets in the US have been falling for two consecutive days. Ahead of several data reports, speeches from Federal Reserve officials, and a deluge of earnings, a third day of sell-offs is looking probable as global markets are bleeding red across the board. Shares in China and Japan fell 0.62% and 0.64%, respectively, on Thursday, after news that China's economy posted a slightly-lower-than-expected 8.9% annual growth rate in Q3. Stocks in Europe are worse with London's FTSE 100 down 1.11% recently and France's CAC-40 down 1.50%....(read more) | | | 
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